Ulta Beauty (NASDAQ:ULTA) Cut to Sell at StockNews.com

StockNews.com cut shares of Ulta Beauty (NASDAQ:ULTA) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

A number of other research firms have also recently issued reports on ULTA. Piper Sandler increased their target price on Ulta Beauty from $357.00 to $360.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Stifel Nicolaus upped their price target on shares of Ulta Beauty from $395.00 to $455.00 and gave the company a “hold” rating in a report on Friday, December 6th. Canaccord Genuity Group raised their price objective on shares of Ulta Beauty from $442.00 to $476.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. UBS Group upped their target price on shares of Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company lifted their price target on Ulta Beauty from $300.00 to $350.00 and gave the company an “underweight” rating in a research note on Friday, December 6th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $439.30.

Ulta Beauty Trading Up 1.1 %

Ulta Beauty stock opened at $430.01 on Friday. Ulta Beauty has a 1 year low of $318.17 and a 1 year high of $574.76. The firm has a market capitalization of $19.94 billion, a P/E ratio of 17.21, a PEG ratio of 2.38 and a beta of 1.32. The business has a 50-day moving average of $384.31 and a 200-day moving average of $379.44.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping the consensus estimate of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the business posted $5.07 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. Research analysts anticipate that Ulta Beauty will post 23.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Ulta Beauty

Institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC lifted its position in Ulta Beauty by 180,713.0% during the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after acquiring an additional 1,237,884 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Ulta Beauty by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock worth $461,059,000 after purchasing an additional 10,153 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new stake in Ulta Beauty in the 3rd quarter valued at $359,480,000. TD Asset Management Inc increased its position in Ulta Beauty by 14.1% during the 2nd quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock worth $239,545,000 after buying an additional 76,721 shares during the period. Finally, Champlain Investment Partners LLC increased its position in Ulta Beauty by 5.4% during the 3rd quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock worth $237,519,000 after buying an additional 31,540 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Company Profile

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.