Ulta Beauty (NASDAQ:ULTA) Upgraded to “Hold” by BidaskClub

BidaskClub upgraded shares of Ulta Beauty (NASDAQ:ULTA) from a sell rating to a hold rating in a report released on Saturday, BidAskClub reports.

Other research analysts also recently issued reports about the stock. Cowen reaffirmed a buy rating and issued a $300.00 price objective on shares of Ulta Beauty in a report on Tuesday, November 26th. Barclays raised their price objective on shares of Ulta Beauty from $220.00 to $238.00 and gave the stock an equal weight rating in a report on Friday, December 6th. Guggenheim cut their price objective on shares of Ulta Beauty from $325.00 to $300.00 and set a buy rating for the company in a report on Tuesday, October 22nd. TheStreet downgraded shares of Ulta Beauty from a b- rating to a c+ rating in a report on Monday, September 30th. Finally, William Blair reaffirmed a buy rating on shares of Ulta Beauty in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $288.09.

ULTA opened at $272.01 on Friday. The company has a 50 day moving average of $257.30 and a 200 day moving average of $273.02. The company has a market cap of $15.60 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 1.45 and a beta of 1.13. Ulta Beauty has a 12 month low of $222.00 and a 12 month high of $368.83. The company has a current ratio of 1.67, a quick ratio of 0.38 and a debt-to-equity ratio of 0.92.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $2.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.13 by $0.12. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.69 billion. Ulta Beauty had a net margin of 9.67% and a return on equity of 36.91%. Ulta Beauty’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $2.18 EPS. Research analysts forecast that Ulta Beauty will post 11.79 earnings per share for the current fiscal year.

In other Ulta Beauty news, insider Jeffrey J. Childs sold 3,031 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $252.20, for a total value of $764,418.20. Following the sale, the insider now directly owns 10,333 shares in the company, valued at approximately $2,605,982.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. OLD Second National Bank of Aurora raised its position in shares of Ulta Beauty by 5.2% during the 4th quarter. OLD Second National Bank of Aurora now owns 9,246 shares of the specialty retailer’s stock valued at $2,341,000 after buying an additional 459 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt raised its position in shares of Ulta Beauty by 33.8% during the 4th quarter. Alecta Pensionsforsakring Omsesidigt now owns 693,000 shares of the specialty retailer’s stock valued at $174,116,000 after buying an additional 175,000 shares in the last quarter. Janney Capital Management LLC purchased a new stake in shares of Ulta Beauty during the 4th quarter valued at $4,829,000. Janney Montgomery Scott LLC raised its position in shares of Ulta Beauty by 14.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 28,777 shares of the specialty retailer’s stock valued at $7,285,000 after buying an additional 3,680 shares in the last quarter. Finally, Altman Advisors Inc. raised its position in shares of Ulta Beauty by 0.7% during the 4th quarter. Altman Advisors Inc. now owns 7,617 shares of the specialty retailer’s stock valued at $1,928,000 after buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 89.72% 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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Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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