Ulta Beauty (ULTA) Earns News Sentiment Score of 0.24

Headlines about Ulta Beauty (NASDAQ:ULTA) have been trending somewhat positive recently, Accern reports. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ulta Beauty earned a news impact score of 0.24 on Accern’s scale. Accern also assigned news articles about the specialty retailer an impact score of 45.8931311256483 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the news articles that may have effected Accern’s rankings:

ULTA has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $246.00 target price for the company in a research report on Monday, February 5th. Buckingham Research restated a “buy” rating on shares of Ulta Beauty in a research report on Tuesday, January 23rd. Morgan Stanley restated a “buy” rating on shares of Ulta Beauty in a research report on Wednesday, March 7th. Vetr downgraded Ulta Beauty from a “strong-buy” rating to a “buy” rating and set a $218.16 target price for the company. in a research report on Tuesday, March 6th. Finally, Loop Capital set a $250.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Friday, March 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Ulta Beauty currently has an average rating of “Buy” and a consensus price target of $257.96.

Shares of NASDAQ ULTA traded down $2.01 during trading on Friday, hitting $255.59. The company had a trading volume of 754,483 shares, compared to its average volume of 845,617. The stock has a market capitalization of $15.47 billion, a P/E ratio of 31.32, a P/E/G ratio of 1.28 and a beta of 0.64. Ulta Beauty has a 52 week low of $187.96 and a 52 week high of $314.86.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, March 15th. The specialty retailer reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.77 by ($0.02). Ulta Beauty had a net margin of 9.44% and a return on equity of 30.40%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the firm earned $2.24 earnings per share. Ulta Beauty’s revenue for the quarter was up 22.6% compared to the same quarter last year. sell-side analysts predict that Ulta Beauty will post 10.77 earnings per share for the current year.

Ulta Beauty announced that its Board of Directors has initiated a stock repurchase plan on Thursday, March 15th that permits the company to buyback $625.00 million in outstanding shares. This buyback authorization permits the specialty retailer to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

In other Ulta Beauty news, CEO Mary N. Dillon sold 16,286 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 100,984 shares of the company’s stock, valued at approximately $20,902,678.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dennis K. Eck sold 22,000 shares of the business’s stock in a transaction on Tuesday, April 10th. The shares were sold at an average price of $216.82, for a total transaction of $4,770,040.00. Following the sale, the director now directly owns 427,333 shares in the company, valued at $92,654,341.06. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,286 shares of company stock worth $8,826,129. Company insiders own 5.60% of the company’s stock.

About Ulta Beauty

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

Insider Buying and Selling by Quarter for Ulta Beauty (NASDAQ:ULTA)

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