Ulta Beauty Inc (NASDAQ:ULTA) Director Sally E. Blount bought 250 shares of Ulta Beauty stock in a transaction dated Friday, June 26th. The stock was acquired at an average price of $193.00 per share, with a total value of $48,250.00. Following the completion of the transaction, the director now directly owns 1,239 shares of the company’s stock, valued at $239,127. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of NASDAQ:ULTA opened at $203.42 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 2.49 and a debt-to-equity ratio of 1.45. The company has a market cap of $10.70 billion, a P/E ratio of 27.09, a PEG ratio of 2.71 and a beta of 1.47. Ulta Beauty Inc has a 52 week low of $124.05 and a 52 week high of $368.83. The company has a 50-day moving average price of $222.73 and a 200 day moving average price of $235.19.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, May 28th. The specialty retailer reported ($1.39) EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($2.00). The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.27 billion. Ulta Beauty had a net margin of 6.37% and a return on equity of 24.36%. Ulta Beauty’s revenue for the quarter was down 32.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.26 EPS. Analysts expect that Ulta Beauty Inc will post 4.89 EPS for the current year.
Ulta Beauty announced that its board has initiated a share buyback plan on Thursday, March 12th that authorizes the company to buyback $1.60 billion in shares. This buyback authorization authorizes the specialty retailer to repurchase up to 12.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.
Hedge funds have recently bought and sold shares of the company. Sunbelt Securities Inc. acquired a new stake in shares of Ulta Beauty during the 4th quarter valued at approximately $4,367,000. Quantbot Technologies LP acquired a new stake in shares of Ulta Beauty during the 4th quarter valued at approximately $32,000. Ironwood Wealth Management LLC. lifted its position in shares of Ulta Beauty by 2,316.7% during the 4th quarter. Ironwood Wealth Management LLC. now owns 145 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 139 shares during the period. CWM LLC lifted its position in shares of Ulta Beauty by 58.9% during the 1st quarter. CWM LLC now owns 151 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 56 shares during the period. Finally, Bray Capital Advisors acquired a new stake in shares of Ulta Beauty during the 1st quarter valued at approximately $31,000. Institutional investors own 86.96% of the company’s stock.
Several research analysts have weighed in on the stock. Citigroup raised shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $205.00 target price for the company in a research note on Friday, March 20th. Robert W. Baird lowered their target price on shares of Ulta Beauty from $315.00 to $265.00 and set an “outperform” rating for the company in a research note on Friday, March 13th. BidaskClub lowered shares of Ulta Beauty from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 23rd. Oppenheimer began coverage on shares of Ulta Beauty in a research report on Tuesday, June 16th. They set a “buy” rating and a $270.00 price objective for the company. Finally, Nomura Instinet increased their target price on Ulta Beauty from $190.00 to $220.00 and gave the company a “neutral” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $258.41.
Ulta Beauty Company Profile
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.
Further Reading: Neutral Rating
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