Ulta Beauty (NASDAQ:ULTA) Rating Increased to Sell at BidaskClub

Ulta Beauty (NASDAQ:ULTA) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, BidAskClub reports.

A number of other research analysts also recently weighed in on ULTA. Barclays reduced their target price on shares of Ulta Beauty from $251.00 to $220.00 and set an “equal weight” rating for the company in a research report on Tuesday. Loop Capital set a $270.00 price target on shares of Ulta Beauty and gave the stock a “hold” rating in a research note on Tuesday, September 17th. Piper Jaffray Companies lowered their price target on shares of Ulta Beauty from $250.00 to $228.00 and set a “neutral” rating on the stock in a report on Monday. Deutsche Bank assumed coverage on Ulta Beauty in a research note on Tuesday. They issued a “buy” rating and a $285.00 price objective on the stock. Finally, Wells Fargo & Co lowered Ulta Beauty from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $350.00 to $235.00 in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $284.09.

NASDAQ ULTA opened at $237.10 on Wednesday. The company has a market capitalization of $13.95 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 1.18 and a beta of 1.11. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.57 and a current ratio of 1.80. Ulta Beauty has a 52-week low of $222.00 and a 52-week high of $368.83. The company has a 50-day simple moving average of $238.87 and a 200 day simple moving average of $293.91.

In other news, Director Charles Heilbronn acquired 70,009 shares of Ulta Beauty stock in a transaction that occurred on Monday, September 30th. The stock was bought at an average price of $248.66 per share, with a total value of $17,408,437.94. Following the completion of the purchase, the director now owns 60,368 shares in the company, valued at $15,011,106.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mary N. Dillon bought 1,300 shares of the stock in a transaction on Thursday, September 26th. The stock was purchased at an average price of $237.17 per share, for a total transaction of $308,321.00. Following the completion of the purchase, the chief executive officer now directly owns 79,256 shares in the company, valued at $18,797,145.52. The disclosure for this purchase can be found here. Insiders have purchased a total of 186,567 shares of company stock worth $44,964,903 in the last three months. 4.20% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in ULTA. 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 worth $398,158,000 after purchasing an additional 1,112,684 shares during the period. Invesco Ltd. boosted its stake in Ulta Beauty by 46.1% during 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 during the period. Select Equity Group L.P. purchased a new position in Ulta Beauty during the third quarter worth about $94,563,000. Price T Rowe Associates Inc. MD grew its position in Ulta Beauty by 13.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,774,253 shares of the specialty retailer’s stock worth $615,471,000 after buying an additional 210,475 shares in the last quarter. Finally, BlackRock Inc. increased its stake in 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 acquiring an additional 207,927 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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