1 day Ago By Defense World Staff
Ulta Beauty ( NASDAQ:ULTA – Get Free Report ) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday. Other equities analysts also recently issued reports about the company.
JPMorgan Chase & Co. raised their price objective on Ulta Beauty from $530.00 to $544.
00 and gave the stock an “overweight” rating in a report on Friday, May 31st. Barclays lifted their price target on shares of Ulta Beauty from $328.00 to $335.
00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. DA Davidson dropped their price objective on shares of Ulta Beauty from $507.00 to $435.
00 and set a “buy” rating for the company in a research report on Friday, August 30th. TD Cowen reduced their target price on shares of Ulta Beauty from $500.00 to $395.
00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, Evercore ISI lowered their price target on Ulta Beauty from $500.00 to $430.
00 and set an “outperform” rating for the company in a report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Ulta Beauty presently has a consensus rating of “Hold” and an average target price of $425.
29. View Our Latest Stock Report on ULTA Ulta Beauty Stock Performance Ulta Beauty ( NASDAQ:ULTA – Get Free Report ) last announced its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.
30 earnings per share for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17).
The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion.
Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%.
The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the business earned $6.
02 EPS. As a group, sell-side analysts expect that Ulta Beauty will post 23.21 earnings per share for the current fiscal year.
Insider Transactions at Ulta Beauty In other Ulta Beauty news, insider Jodi J. Caro sold 650 shares of the stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $388.
68, for a total transaction of $252,642.00. Following the transaction, the insider now owns 6,801 shares of the company’s stock, valued at approximately $2,643,412.
68. The transaction was disclosed in a document filed with the SEC, which is available at this link . In other Ulta Beauty news, insider Jodi J.
Caro sold 650 shares of the stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total transaction of $252,642.
00. Following the sale, the insider now directly owns 6,801 shares of the company’s stock, valued at $2,643,412.68.
The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, Director Catherine Ann Halligan sold 100 shares of Ulta Beauty stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $390.
08, for a total transaction of $39,008.00. Following the completion of the transaction, the director now directly owns 2,017 shares of the company’s stock, valued at $786,791.
36. The disclosure for this sale can be found here . Corporate insiders own 0.
39% of the company’s stock. Institutional Trading of Ulta Beauty A number of institutional investors and hedge funds have recently made changes to their positions in ULTA. Vima LLC bought a new position in Ulta Beauty during the 4th quarter worth $27,000.
Riverview Trust Co bought a new position in shares of Ulta Beauty during the first quarter worth about $30,000. Sound Income Strategies LLC increased its holdings in shares of Ulta Beauty by 490.0% in the 1st quarter.
Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 49 shares during the period. LRI Investments LLC bought a new stake in Ulta Beauty in the 1st quarter valued at about $31,000. Finally, UMB Bank n.
a. boosted its stake in Ulta Beauty by 83.3% during the 2nd quarter.
UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 30 shares during the period.
90.39% of the stock is currently owned by institutional investors and hedge funds. Ulta Beauty Company Profile ( Get Free Report ) Ulta Beauty, Inc operates as a specialty beauty retailer in the United States.
The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications. Read More Five stocks we like better than Ulta Beauty How Can Investors Benefit From After-Hours Trading Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? Stock Market Upgrades: What Are They? Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge How to Buy Cheap Stocks Step by Step Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.
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