Ulta Beauty (NASDAQ:ULTA) Cut to Sell at ValuEngine

Share on StockTwits

ValuEngine downgraded shares of Ulta Beauty (NASDAQ:ULTA) from a hold rating to a sell rating in a research report sent to investors on Saturday morning, ValuEngine reports.

ULTA has been the topic of a number of other reports. Deutsche Bank upped their target price on shares of Ulta Beauty from $300.00 to $315.00 and gave the company a hold rating in a research report on Monday, June 3rd. Stifel Nicolaus cut their target price on shares of Ulta Beauty from $315.00 to $250.00 and set a hold rating on the stock in a research report on Friday. Oppenheimer cut their target price on shares of Ulta Beauty from $390.00 to $310.00 and set an outperform rating on the stock in a research report on Friday. Guggenheim restated a buy rating and set a $375.00 target price (up from $350.00) on shares of Ulta Beauty in a research report on Tuesday, May 14th. Finally, Credit Suisse Group cut their target price on shares of Ulta Beauty from $380.00 to $286.00 and set an outperform rating on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. Ulta Beauty has an average rating of Hold and a consensus target price of $305.48.

Ulta Beauty stock opened at $237.73 on Friday. The company has a current ratio of 1.93, a quick ratio of 0.74 and a debt-to-equity ratio of 0.85. Ulta Beauty has a 1 year low of $224.43 and a 1 year high of $368.83. The company has a market cap of $13.90 billion, a PE ratio of 21.91, a PEG ratio of 1.44 and a beta of 0.96. The company’s 50-day moving average is $332.87 and its two-hundred day moving average is $336.82.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 29th. The specialty retailer reported $2.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.03). Ulta Beauty had a net margin of 9.86% and a return on equity of 36.91%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the company posted $2.46 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. Research analysts forecast that Ulta Beauty will post 12 EPS for the current year.

In related news, Director Catherine Ann Halligan sold 400 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $343.02, for a total transaction of $137,208.00. Following the completion of the sale, the director now directly owns 2,811 shares of the company’s stock, valued at approximately $964,229.22. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sally E. Blount sold 315 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $359.28, for a total value of $113,173.20. Following the sale, the director now directly owns 989 shares of the company’s stock, valued at $355,327.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,715 shares of company stock valued at $958,441. 4.20% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of ULTA. Legacy Advisors LLC bought a new stake in Ulta Beauty during the 2nd quarter worth approximately $26,000. Commonwealth Bank of Australia increased its stake in Ulta Beauty by 79.2% during 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. Motco bought a new stake in Ulta Beauty during the 1st quarter worth approximately $29,000. Next Capital Management LLC increased 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 purchasing an additional 62 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in Ulta Beauty during the 2nd quarter worth approximately $34,000. 88.92% of the stock is 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.

Read More: What is a Swap?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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.com's FREE daily email newsletter.