Ulta Beauty (ULTA) Receives Buy Rating from Guggenheim

Ulta Beauty (NASDAQ:ULTA)‘s stock had its “buy” rating restated by equities researchers at Guggenheim in a note issued to investors on Tuesday, The Fly reports. They presently have a $375.00 price objective on the specialty retailer’s stock, up from their previous price objective of $350.00. Guggenheim’s target price points to a potential upside of 10.07% from the stock’s current price.

Several other equities analysts have also recently weighed in on ULTA. ValuEngine raised Ulta Beauty from a “hold” rating to a “buy” rating in a report on Tuesday, January 22nd. BidaskClub raised Ulta Beauty from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 14th. Nomura reaffirmed a “neutral” rating and issued a $311.00 target price (up from $305.00) on shares of Ulta Beauty in a report on Tuesday, February 19th. They noted that the move was a valuation call. Loop Capital raised their target price on Ulta Beauty from $265.00 to $300.00 and gave the stock a “hold” rating in a report on Monday, March 4th. Finally, Piper Jaffray Companies raised their target price on Ulta Beauty to $318.00 and gave the stock a “positive” rating in a report on Thursday, March 7th. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Ulta Beauty has an average rating of “Buy” and an average target price of $343.48.

NASDAQ ULTA opened at $340.70 on Tuesday. The firm has a market cap of $19.40 billion, a PE ratio of 31.40, a PEG ratio of 1.40 and a beta of 0.99. Ulta Beauty has a 1-year low of $224.43 and a 1-year high of $359.69.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.56 by $0.05. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Ulta Beauty had a return on equity of 36.09% and a net margin of 9.80%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.75 EPS. On average, sell-side analysts predict that Ulta Beauty will post 12.79 earnings per share for the current fiscal year.

In other Ulta Beauty news, Director Catherine Ann Halligan sold 704 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $342.97, for a total value of $241,450.88. Following the completion of the sale, the director now owns 10,423 shares in the company, valued at approximately $3,574,776.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dennis K. Eck sold 10,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $352.83, for a total value of $3,528,300.00. Following the completion of the sale, the director now owns 220,000 shares of the company’s stock, valued at approximately $77,622,600. The disclosure for this sale can be found here. Insiders sold a total of 426,250 shares of company stock valued at $143,394,373 in the last quarter. 5.60% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. Shine Investment Advisory Services Inc. increased its stake in Ulta Beauty by 85.0% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 74 shares of the specialty retailer’s stock worth $26,000 after buying an additional 34 shares in the last quarter. Motco purchased a new stake in Ulta Beauty in the 1st quarter worth $29,000. Legacy Financial Advisors Inc. increased its stake in Ulta Beauty by 1,270.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 137 shares of the specialty retailer’s stock worth $34,000 after buying an additional 127 shares in the last quarter. Hudock Capital Group LLC purchased a new stake in Ulta Beauty in the 1st quarter worth $34,000. Finally, Bronfman E.L. Rothschild L.P. grew its position in shares of Ulta Beauty by 74.2% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 162 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 69 shares in the last quarter. Institutional investors and hedge funds own 92.55% of the company’s stock.

Ulta Beauty Company Profile

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

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The Fly

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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