Ulta Beauty (NASDAQ:ULTA) Downgraded to “Sell” at BidaskClub

BidaskClub lowered shares of Ulta Beauty (NASDAQ:ULTA) from a hold rating to a sell rating in a report issued on Friday morning, BidAskClub reports.

ULTA has been the subject of a number of other research reports. UBS Group cut their price target on shares of Ulta Beauty from $365.00 to $300.00 and set a buy rating for the company in a research note on Friday, August 30th. JPMorgan Chase & Co. cut shares of Ulta Beauty to a buy rating and cut their price target for the company from $395.00 to $317.00 in a research note on Friday, August 30th. TheStreet cut shares of Ulta Beauty from a b- rating to a c+ rating in a research note on Monday, September 30th. Wells Fargo & Co cut shares of Ulta Beauty from an outperform rating to a market perform rating and cut their price target for the company from $350.00 to $235.00 in a research note on Friday, August 30th. Finally, Credit Suisse Group cut their price target on shares of Ulta Beauty from $380.00 to $286.00 and set an outperform rating for the company in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $297.78.

ULTA stock traded up $6.71 during trading hours on Friday, reaching $248.46. The stock had a trading volume of 1,172,310 shares, compared to its average volume of 2,064,602. The stock has a market capitalization of $14.01 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 1.20 and a beta of 1.15. 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 stock has a 50-day simple moving average of $252.57 and a 200 day simple moving average of $322.09. Ulta Beauty has a fifty-two week low of $224.43 and a fifty-two week high of $368.83.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $2.76 EPS for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.03). The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.68 billion. Ulta Beauty had a net margin of 9.86% and a return on equity of 37.04%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.46 EPS. On average, sell-side analysts forecast that Ulta Beauty will post 11.81 EPS for the current fiscal year.

In related news, CEO Mary N. Dillon acquired 1,300 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were bought at an average cost of $237.17 per share, with a total value of $308,321.00. Following the completion of the transaction, the chief executive officer now directly owns 79,256 shares of the company’s stock, valued at $18,797,145.52. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles Heilbronn purchased 70,009 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were acquired at an average cost of $248.66 per share, for a total transaction of $17,408,437.94. Following the completion of the transaction, the director now owns 60,368 shares of the company’s stock, valued at approximately $15,011,106.88. The disclosure for this purchase can be found here. Insiders bought 186,567 shares of company stock worth $44,964,903 over the last three months. Insiders own 4.20% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Ulta Beauty by 0.5% during the second quarter. Vanguard Group Inc. now owns 5,897,787 shares of the specialty retailer’s stock worth $2,045,883,000 after acquiring an additional 26,998 shares during the period. BlackRock Inc. increased its position in Ulta Beauty by 5.3% during the second 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 period. FMR LLC increased its position in Ulta Beauty by 15.3% during the first quarter. FMR LLC now owns 2,262,297 shares of the specialty retailer’s stock worth $788,932,000 after acquiring an additional 300,904 shares during the period. Price T Rowe Associates Inc. MD increased 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 acquiring an additional 210,475 shares during the period. Finally, Invesco Ltd. increased its position in Ulta Beauty by 46.1% during the second quarter. Invesco Ltd. now owns 1,532,011 shares of the specialty retailer’s stock worth $531,439,000 after acquiring an additional 483,342 shares during the period. 87.80% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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