News stories about Ulta Beauty (NASDAQ:ULTA) have trended positive on Saturday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ulta Beauty earned a daily sentiment score of 0.26 on Accern’s scale. Accern also assigned media stories about the specialty retailer an impact score of 45.4659736407396 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- For Ulta Beauty, E-commerce Growth Is a Double-Edged Sword (finance.yahoo.com)
- ULTA INVESTOR ALERT: Law Offices of Howard G. Smith Continues an Investigation on Behalf of Ulta Beauty, Inc. Investors (markets.financialcontent.com)
- Beauty Changes Lives Experience NextGen Sneak Peek: Team ULTA (modernsalon.com)
- Understanding Ulta Beauty’s Retail Approach (fool.com)
- Ulta Beauty, Inc.-Important May 1, 2018 Lead Plaintiff Deadline in Class Action – ULTA (finance.yahoo.com)
A number of brokerages recently issued reports on ULTA. BidaskClub upgraded Ulta Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday. Guggenheim upgraded Ulta Beauty from a “neutral” rating to a “buy” rating and set a $260.00 price objective on the stock in a research report on Monday, April 16th. Piper Jaffray upgraded Ulta Beauty from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $212.00 to $236.00 in a research report on Tuesday, April 10th. Vetr raised Ulta Beauty from a “buy” rating to a “strong-buy” rating and set a $237.11 target price on the stock in a research note on Monday, April 9th. Finally, Buckingham Research set a $270.00 target price on Ulta Beauty and gave the company a “buy” rating in a research note on Monday, March 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Ulta Beauty has a consensus rating of “Buy” and an average price target of $252.44.
Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, March 15th. The specialty retailer reported $2.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.77 by ($0.02). Ulta Beauty had a return on equity of 30.40% and a net margin of 9.44%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the company posted $2.24 earnings per share. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. sell-side analysts anticipate that Ulta Beauty will post 10.74 earnings per share for the current year.
Ulta Beauty announced that its Board of Directors has approved a stock buyback program on Thursday, March 15th that authorizes the company to repurchase $625.00 million in shares. This repurchase authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
In other news, Director Lorna Nagler sold 3,000 shares of Ulta Beauty stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $228.35, for a total transaction of $685,050.00. Following the completion of the transaction, the director now directly owns 8,336 shares in the company, valued at $1,903,525.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mary N. Dillon sold 16,286 shares of Ulta Beauty stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $206.99, for a total transaction of $3,371,039.14. Following the transaction, the chief executive officer now owns 100,984 shares of the company’s stock, valued at $20,902,678.16. The disclosure for this sale can be found here. Insiders sold 41,286 shares of company stock valued at $8,826,129 over the last 90 days. 5.20% of the stock is currently owned by company insiders.
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About Ulta Beauty
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores provide cosmetics, fragrance, skincare, haircare, bath and body products, and salon styling tools, as well as others, including nail products and accessories. It offers private label products consisting of Ulta Beauty Collection branded cosmetics, skincare, and bath products.
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