Investment analysts at Nomura began coverage on shares of Ulta Beauty (NASDAQ:ULTA) in a report released on Friday, Benzinga’s Daily Ratings Newsletter reports. The firm set a “reduce” rating and a $215.00 price target on the specialty retailer’s stock. Nomura’s price target suggests a potential downside of 10.05% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the company. Telsey Advisory Group restated an “outperform” rating and set a $330.00 price objective (down previously from $375.00) on shares of Ulta Beauty in a report on Friday, August 30th. JPMorgan Chase & Co. cut Ulta Beauty to a “buy” rating and decreased their price objective for the stock from $395.00 to $317.00 in a report on Friday, August 30th. William Blair cut Ulta Beauty to a “buy” rating in a report on Friday, August 30th. TheStreet cut Ulta Beauty from a “b-” rating to a “c+” rating in a report on Monday, September 30th. Finally, Piper Jaffray Companies cut Ulta Beauty from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $360.00 to $250.00 in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $290.95.

Shares of ULTA traded down $4.74 on Friday, reaching $239.03. The stock had a trading volume of 16,637 shares, compared to its average volume of 1,190,782. The firm has a market capitalization of $14.44 billion, a PE ratio of 22.05, a PEG ratio of 1.24 and a beta of 1.13. The company has a quick ratio of 0.57, a current ratio of 1.80 and a debt-to-equity ratio of 0.92. The firm has a 50-day moving average of $242.05 and a 200 day moving average of $307.59. Ulta Beauty has a twelve month low of $224.43 and a twelve month high of $368.83.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $2.76 earnings per share for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.03). The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.68 billion. Ulta Beauty had a return on equity of 37.04% and a net margin of 9.86%. The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.46 EPS. On average, sell-side analysts anticipate that Ulta Beauty will post 11.81 earnings per share for the current fiscal year.

In other Ulta Beauty news, CEO Mary N. Dillon bought 1,300 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were acquired at an average cost of $237.17 per share, with a total value of $308,321.00. Following the completion of the transaction, the chief executive officer now owns 79,256 shares in the company, valued at $18,797,145.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles Heilbronn bought 115,258 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were acquired at an average cost of $236.41 per share, for a total transaction of $27,248,143.78. Following the completion of the transaction, the director now owns 60,368 shares of the company’s stock, valued at approximately $14,271,598.88. The disclosure for this purchase can be found here. Insiders acquired 186,567 shares of company stock worth $44,964,903 over the last three months. 4.20% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Ulta Beauty by 0.5% during the second quarter. Vanguard Group Inc. now owns 5,897,787 shares of the specialty retailer’s stock valued at $2,045,883,000 after buying an additional 26,998 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Ulta Beauty by 5.3% in the second quarter. BlackRock Inc. now owns 4,166,032 shares of the specialty retailer’s stock valued at $1,445,154,000 after buying an additional 207,927 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Ulta Beauty by 13.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,774,253 shares of the specialty retailer’s stock valued at $615,471,000 after buying an additional 210,475 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Ulta Beauty by 46.1% in the second quarter. Invesco Ltd. now owns 1,532,011 shares of the specialty retailer’s stock valued at $531,439,000 after buying an additional 483,342 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in shares of Ulta Beauty by 3,169.3% in the second quarter. Nuveen Asset Management LLC now owns 1,147,792 shares of the specialty retailer’s stock valued at $398,158,000 after buying an additional 1,112,684 shares in the last quarter. 87.39% of the stock is currently owned by institutional investors and hedge funds.

About Ulta Beauty

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.

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Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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