Ulta Beauty (NASDAQ:ULTA) PT Lowered to $228.00

Ulta Beauty (NASDAQ:ULTA) had its price objective decreased by equities researchers at Piper Jaffray Companies from $250.00 to $228.00 in a research report issued to clients and investors on Monday, The Fly reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. Piper Jaffray Companies’ target price would indicate a potential downside of 3.84% from the stock’s previous close. Piper Jaffray Companies also issued estimates for Ulta Beauty’s Q4 2020 earnings at $3.69 EPS, FY2020 earnings at $11.57 EPS, Q1 2021 earnings at $3.22 EPS, Q2 2021 earnings at $3.02 EPS, Q3 2021 earnings at $2.37 EPS, Q4 2021 earnings at $4.08 EPS and FY2021 earnings at $12.68 EPS.

ULTA has been the topic of a number of other research reports. Guggenheim dropped their price objective on shares of Ulta Beauty from $325.00 to $300.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Citigroup lowered shares of Ulta Beauty from a “buy” rating to a “neutral” rating and cut their target price for the company from $390.00 to $300.00 in a report on Friday, August 30th. Cowen reiterated a “buy” rating and issued a $300.00 target price on shares of Ulta Beauty in a research note on Tuesday, November 26th. Goldman Sachs Group initiated coverage on shares of Ulta Beauty in a report on Thursday, October 3rd. They set a “neutral” rating and a $276.00 price target on the stock. Finally, William Blair restated a “buy” rating on shares of Ulta Beauty in a research report on Friday, November 22nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $284.09.

Shares of ULTA stock opened at $237.10 on Monday. Ulta Beauty has a twelve month low of $222.00 and a twelve month high of $368.83. The stock has a market cap of $13.95 billion, a P/E ratio of 21.85, a P/E/G ratio of 1.18 and a beta of 1.11. The stock has a 50 day moving average of $238.87 and a 200 day moving average of $293.91. The company has a current ratio of 1.80, a quick ratio of 0.57 and a debt-to-equity ratio of 0.92.

In related news, Director Charles Heilbronn bought 115,258 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was acquired at an average price of $236.41 per share, with a total value of $27,248,143.78. Following the completion of the purchase, the director now directly owns 60,368 shares of the company’s stock, valued at $14,271,598.88. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Mary N. Dillon purchased 1,300 shares of Ulta Beauty stock in a transaction that occurred on Thursday, September 26th. The shares were bought at an average price of $237.17 per share, with a total value 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 disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 186,567 shares of company stock worth $44,964,903. Insiders own 4.20% of the company’s stock.

A number of hedge funds have recently bought and sold shares of ULTA. Metropolitan Life Insurance Co NY raised its holdings in shares of Ulta Beauty by 3.9% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 11,482 shares of the specialty retailer’s stock worth $2,878,000 after acquiring an additional 426 shares during the period. Select Equity Group L.P. purchased a new stake in shares of Ulta Beauty in the third quarter valued at about $94,563,000. Cleararc Capital Inc. grew its holdings in shares of Ulta Beauty by 6.6% in the third quarter. Cleararc Capital Inc. now owns 900 shares of the specialty retailer’s stock valued at $226,000 after purchasing an additional 56 shares during the period. National Pension Service increased its position in Ulta Beauty by 5.4% during the third quarter. National Pension Service now owns 87,416 shares of the specialty retailer’s stock worth $21,911,000 after purchasing an additional 4,467 shares during the last quarter. Finally, Banco de Sabadell S.A acquired a new stake in Ulta Beauty during the third quarter worth about $61,000. Institutional investors own 86.81% 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, 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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The Fly

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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