Ulta Beauty Inc. (NASDAQ:ULTA) shares traded -0.59% lower at $447.37 on Wall Street last session.
In accordance with the data, 30 analysts cover Ulta Beauty Inc. (NASDAQ:ULTA). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $600.00 and a low of $390.00, we find $490.50. Given the previous closing price of $450.04, this indicates a potential upside of 8.99 percent. ULTA stock price is now 9.22% away from the 50-day moving average and 12.47% away from the 200-day moving average. The market capitalization of the company currently stands at $22.61B.
It has been rated a hold by 11 analysts and a buy by 16. Brokers who have rated the stock have averaged $487.50 as their price target over the next twelve months.
On June 29, 2022, Raymond James Upgraded its previous ‘Outperform’ rating to ‘Strong Buy’ on the stock increasing its target price from $475 to quote $485, while ‘Jefferies’ rates the stock as ‘Buy’.
In other news, Halligan Catherine Ann, Director sold 276 shares of the company’s stock on Sep 08. The stock was sold for $123,059 at an average price of $445.86. Upon completion of the transaction, the Director now directly owns 2,168 shares in the company, valued at $0.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 07, Chief Human Resources Officer Ryan Anita Jane sold 594 shares of the business’s stock. A total of $261,675 was realized by selling the stock at an average price of $440.53. This leaves the insider owning 2,482 shares of the company worth $1.11 million. Insiders disposed of 146,331 shares of company stock worth roughly $65.46 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ULTA stock. A new stake in Ulta Beauty Inc. shares was purchased by CONGRESS ASSET MANAGEMENT CO /MA during the first quarter worth $111,191,000. ZURICH INSURANCE GROUP LTD/FI invested $44,515,000 in shares of ULTA during the first quarter. In the first quarter, BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC acquired a new stake in Ulta Beauty Inc. valued at approximately $16,793,000. GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in ULTA for approximately $15,837,000. KETTLE HILL CAPITAL MANAGEMENT, LLC purchased a new stake in ULTA valued at around $13,334,000 in the second quarter. In total, there are 1,287 active investors with 96.20% ownership of the company’s stock.
Ulta Beauty Inc. (NASDAQ: ULTA) opened at $450.23 on Wednesday. During the past 12 months, Ulta Beauty Inc. has had a low of $330.80 and a high of $451.30. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.60, and a quick ratio of 0.50. The fifty day moving average price for ULTA is $410.02 and a two-hundred day moving average price translates $398.18 for the stock.
The latest earnings results from Ulta Beauty Inc. (NASDAQ: ULTA) was released for Jul, 2022. According to the Specialty Retail Company, earnings per share came in at $5.7, beating analysts’ expectations of $5 by 0.7. This compares to $4.56 EPS in the same period last year. The net profit margin was 12.10% and return on equity was 64.30% for ULTA. The company reported revenue of $2.3 billion for the quarter, compared to $1.97 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.77 percent. For the current quarter, analysts expect ULTA to generate $2.2B in revenue.
Ulta Beauty Inc.(ULTA) Company Profile
Ulta Beauty, Inc. operates as a retailer of beauty products in the United States. The company’s stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services. It also provides its private label products, such as the Ulta Beauty Collection branded cosmetics, skincare, and bath products, as well as Ulta Beauty branded products; and the Ulta Beauty branded gifts. As of March 10, 2022, the company operated 1,308 retail stores across 50 states. It also distributes its products through its website ulta.com; and mobile applications. The company was formerly known as Ulta Salon, Cosmetics & Fragrance, Inc. and changed its name to Ulta Beauty, Inc. in January 2017. Ulta Beauty, Inc. was incorporated in 1990 and is based in Bolingbrook, Illinois.