A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Ulta Beauty from a hold rating to a buy rating and set a $280.00 price target on the stock in a report on Wednesday, May 16th. UBS assumed coverage on shares of Ulta Beauty in a report on Wednesday, May 16th. They issued a buy rating and a $290.00 price target on the stock. Oppenheimer raised shares of Ulta Beauty from a market perform rating to an outperform rating in a report on Tuesday, May 15th. BidaskClub lowered shares of Ulta Beauty from a strong-buy rating to a buy rating in a report on Friday, May 11th. Finally, Deutsche Bank set a $244.00 price target on shares of Ulta Beauty and gave the stock a hold rating in a report on Monday, May 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Ulta Beauty has an average rating of Buy and an average target price of $257.96.
Shares of Ulta Beauty opened at $251.72 on Monday, Marketbeat Ratings reports. The firm has a market capitalization of $15.29 billion, a price-to-earnings ratio of 30.85, a PEG ratio of 1.26 and a beta of 0.64. Ulta Beauty has a 12-month low of $187.96 and a 12-month high of $314.86.
Ulta Beauty declared that its Board of Directors has initiated a share repurchase plan on Thursday, March 15th that allows the company to buyback $625.00 million in shares. This buyback authorization allows the specialty retailer to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
In related news, CEO Mary N. Dillon sold 16,286 shares of Ulta Beauty stock in a transaction dated 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 completion of the transaction, 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 filing with the SEC, which is available at this hyperlink. Also, Director Lorna Nagler sold 3,000 shares of Ulta Beauty stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $228.35, for a total transaction of $685,050.00. Following the transaction, the director now directly owns 8,336 shares of the company’s stock, valued at $1,903,525.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,286 shares of company stock valued at $8,826,129. 5.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of ULTA. Captrust Financial Advisors bought a new stake in Ulta Beauty during the 4th quarter valued at about $153,000. Optimum Investment Advisors bought a new stake in Ulta Beauty during the 1st quarter valued at about $163,000. ACG Wealth bought a new stake in Ulta Beauty during the 4th quarter valued at about $216,000. Sapphire Star Partners LP bought a new stake in Ulta Beauty during the 4th quarter valued at about $224,000. Finally, BancorpSouth Bank bought a new stake in Ulta Beauty during the 4th quarter valued at about $230,000. 89.84% of the stock is owned by institutional investors.
Ulta Beauty Company Profile
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.
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