Ulta Beauty (NASDAQ:ULTA) Price Target Cut to $220.00

Ulta Beauty (NASDAQ:ULTA) had its target price decreased by Barclays from $251.00 to $220.00 in a research report report published on Tuesday, The Fly reports. Barclays currently has an equal weight rating on the specialty retailer’s stock.

Other equities research analysts have also recently issued reports about the company. BidaskClub cut Ulta Beauty from a sell rating to a strong sell rating in a research note on Thursday, November 21st. Robert W. Baird set a $315.00 price target on shares of Ulta Beauty and gave the stock a buy rating in a research report on Tuesday, September 17th. TheStreet cut shares of Ulta Beauty from a b- rating to a c+ rating in a report on Monday, September 30th. Citigroup cut shares of Ulta Beauty from a buy rating to a neutral rating and dropped their price objective for the stock from $390.00 to $300.00 in a report on Friday, August 30th. Finally, Jefferies Financial Group set a $310.00 price objective on shares of Ulta Beauty and gave the company a buy rating in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $286.57.

ULTA stock traded up $26.18 during midday trading on Tuesday, reaching $262.20. The company had a trading volume of 6,738,450 shares, compared to its average volume of 1,104,732. The firm has a market capitalization of $15.43 billion, a PE ratio of 24.17, a P/E/G ratio of 1.18 and a beta of 1.11. The stock has a 50 day moving average price of $238.84 and a 200 day moving average price of $292.43. Ulta Beauty has a fifty-two week low of $222.00 and a fifty-two week high of $368.83. The company has a quick ratio of 0.57, a current ratio of 1.80 and a debt-to-equity ratio of 0.92.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.12. Ulta Beauty had a return on equity of 37.04% and a net margin of 9.86%. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the prior year, the firm earned $2.18 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. Research analysts predict that Ulta Beauty will post 11.76 EPS for the current year.

In other news, CEO Mary N. Dillon purchased 1,300 shares of the stock in a transaction dated Thursday, September 26th. The shares were bought at an average cost of $237.17 per share, for a total transaction of $308,321.00. Following 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles Heilbronn purchased 70,009 shares of the stock in a transaction dated Monday, September 30th. The shares were purchased at an average price of $248.66 per share, for a total transaction of $17,408,437.94. Following the completion of the transaction, the director now owns 60,368 shares in the company, valued at approximately $15,011,106.88. The disclosure for this purchase can be found here. Insiders have acquired a total of 186,567 shares of company stock worth $44,964,903 over the last 90 days. 4.20% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Nuveen Asset Management LLC lifted its holdings in Ulta Beauty by 3,169.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,147,792 shares of the specialty retailer’s stock valued at $398,158,000 after acquiring an additional 1,112,684 shares during the last quarter. Invesco Ltd. grew its stake in shares of Ulta Beauty by 46.1% in the 2nd quarter. Invesco Ltd. now owns 1,532,011 shares of the specialty retailer’s stock worth $531,439,000 after purchasing an additional 483,342 shares during the last quarter. Select Equity Group L.P. bought a new stake in shares of Ulta Beauty in the 3rd quarter worth approximately $94,563,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Ulta Beauty by 13.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,774,253 shares of the specialty retailer’s stock worth $615,471,000 after purchasing an additional 210,475 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Ulta Beauty by 5.3% in the 2nd quarter. BlackRock Inc. now owns 4,166,032 shares of the specialty retailer’s stock worth $1,445,154,000 after purchasing an additional 207,927 shares in the last quarter. 86.81% of the stock is 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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