Ulta Beauty (NASDAQ:ULTA) had its price target cut by Piper Jaffray Companies from $250.00 to $228.00 in a report released on Monday, The Fly reports. They currently have a neutral rating on the specialty retailer’s stock. 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, FY2021 earnings at $12.68 EPS and FY2022 earnings at $13.94 EPS.
A number of other research firms have also recently weighed in on ULTA. ValuEngine upgraded shares of Ulta Beauty from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Barclays started coverage on shares of Ulta Beauty in a report on Tuesday, November 12th. They issued an equal weight rating and a $251.00 target price for the company. Morgan Stanley cut shares of Ulta Beauty from an overweight rating to an equal weight rating and dropped their price target for the stock from $395.00 to $275.00 in a research note on Friday, August 30th. Atlantic Securities downgraded shares of Ulta Beauty from an overweight rating to a neutral rating and cut their price target for the company from $390.00 to $250.00 in a report on Friday, August 30th. Finally, Jefferies Financial Group set a $310.00 price objective on shares of Ulta Beauty and gave the stock a buy rating in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $286.57.
Shares of NASDAQ:ULTA traded up $27.92 during trading on Monday, hitting $263.94. The company had a trading volume of 443,409 shares, compared to its average volume of 1,079,680. The stock has a market cap of $13.76 billion, a price-to-earnings ratio of 24.24, 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 current ratio of 1.80 and a quick ratio of 0.57. The company has a fifty day simple moving average of $238.51 and a two-hundred day simple moving average of $292.83. Ulta Beauty has a one year low of $222.00 and a one year high of $368.83.
In other news, Director Charles Heilbronn bought 70,009 shares of Ulta Beauty stock in a transaction on Monday, September 30th. The stock was acquired at an average cost of $248.66 per share, for a total transaction of $17,408,437.94. Following the completion of the acquisition, the director now owns 60,368 shares of the company’s stock, valued at approximately $15,011,106.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mary N. Dillon bought 1,300 shares of Ulta Beauty stock in a transaction on Thursday, September 26th. The stock was purchased at an average price of $237.17 per share, with a total value of $308,321.00. Following the completion of the acquisition, the chief executive officer now directly owns 79,256 shares of the company’s stock, valued at approximately $18,797,145.52. The disclosure for this purchase can be found here. Insiders purchased 186,567 shares of company stock valued at $44,964,903 in the last three months. 4.20% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. Sterling Investment Advisors Ltd. purchased a new stake in Ulta Beauty during the third quarter valued at approximately $25,000. Commonwealth Bank of Australia boosted its position in shares of Ulta Beauty by 79.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 86 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 38 shares in the last quarter. San Francisco Sentry Investment Group CA boosted its position in shares of Ulta Beauty by 3,900.0% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 120 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 117 shares in the last quarter. Next Capital Management LLC grew its stake in Ulta Beauty by 206.7% during the 2nd quarter. Next Capital Management LLC now owns 92 shares of the specialty retailer’s stock worth $32,000 after buying an additional 62 shares during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in Ulta Beauty during the 2nd quarter worth $34,000. Institutional investors and hedge funds own 86.81% of the company’s stock.
About Ulta Beauty
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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