Ulta Beauty Inc (NASDAQ:ULTA) – Equities researchers at Jefferies Financial Group raised their Q2 2022 earnings estimates for Ulta Beauty in a report issued on Monday, October 19th. Jefferies Financial Group analyst S. Wissink now forecasts that the specialty retailer will earn $3.03 per share for the quarter, up from their previous estimate of $3.02. Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 27th. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.63. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.24 billion. Ulta Beauty had a net margin of 4.41% and a return on equity of 18.00%. The business’s revenue was down 28.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.76 earnings per share.
Several other research analysts also recently issued reports on the stock. Bank of America began coverage on shares of Ulta Beauty in a research note on Wednesday, August 12th. They issued a “neutral” rating and a $230.00 target price on the stock. UBS Group upped their target price on shares of Ulta Beauty from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Morgan Stanley boosted their price target on shares of Ulta Beauty from $225.00 to $240.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 8th. BidaskClub raised shares of Ulta Beauty from a “strong sell” rating to a “sell” rating in a research report on Friday. Finally, Goldman Sachs Group upped their target price on shares of Ulta Beauty from $257.00 to $272.00 and gave the company a “buy” rating in a research report on Friday, August 28th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seventeen have issued a buy rating to the stock. Ulta Beauty presently has a consensus rating of “Buy” and an average target price of $253.07.
Shares of NASDAQ ULTA opened at $235.45 on Tuesday. The firm’s 50 day moving average price is $231.93 and its 200-day moving average price is $216.61. The company has a market cap of $13.26 billion, a PE ratio of 48.15, a P/E/G ratio of 4.01 and a beta of 1.49. Ulta Beauty has a 52-week low of $124.05 and a 52-week high of $304.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.35 and a current ratio of 2.64.
In other Ulta Beauty news, Director Catherine Ann Halligan sold 250 shares of Ulta Beauty stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $230.00, for a total value of $57,500.00. Following the completion of the sale, the director now owns 2,500 shares in the company, valued at approximately $575,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lorna Nagler sold 3,000 shares of Ulta Beauty stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $240.94, for a total value of $722,820.00. Following the completion of the sale, the director now owns 9,963 shares of the company’s stock, valued at approximately $2,400,485.22. The disclosure for this sale can be found here. 4.70% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado increased its holdings in Ulta Beauty by 0.6% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 48,792 shares of the specialty retailer’s stock valued at $8,573,000 after purchasing an additional 305 shares in the last quarter. APG Asset Management N.V. increased its position in shares of Ulta Beauty by 54.2% in the first quarter. APG Asset Management N.V. now owns 75,024 shares of the specialty retailer’s stock valued at $13,182,000 after acquiring an additional 26,359 shares during the last quarter. Schroder Investment Management Group acquired a new position in Ulta Beauty during the first quarter worth approximately $208,000. AXA increased its position in Ulta Beauty by 58.2% during the first quarter. AXA now owns 9,990 shares of the specialty retailer’s stock worth $1,756,000 after buying an additional 3,676 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in Ulta Beauty during the first quarter worth approximately $241,000. 85.99% of the stock is currently 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.
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