10 New K Beauty Products Coming To Ulta

Ulta Beauty logoUlta Beauty (NASDAQ:ULTA) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

A number of other research firms have also weighed in on ULTA. Deutsche Bank set a $263.00 target price on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Friday, November 2nd. Zacks Investment Research lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Thursday, July 19th. Morgan Stanley boosted their target price on shares of Ulta Beauty from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, October 11th. ValuEngine raised shares of Ulta Beauty from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 10th. Finally, UBS Group cut their price objective on shares of Ulta Beauty from $290.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, August 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $279.60.

Ulta Beauty stock traded up $5.83 on Wednesday, reaching $310.32. 24,759 shares of the stock were exchanged, compared to its average volume of 911,844. The firm has a market cap of $17.44 billion, a price-to-earnings ratio of 38.12, a P/E/G ratio of 1.46 and a beta of 0.60. Ulta Beauty has a twelve month low of $191.70 and a twelve month high of $308.88.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 30th. The specialty retailer reported $2.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.41 by $0.05. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. Ulta Beauty had a net margin of 9.91% and a return on equity of 33.29%. Analysts forecast that Ulta Beauty will post 10.85 earnings per share for the current year.

In other Ulta Beauty news, Director Catherine Ann Halligan sold 129 shares of the company’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $281.50, for a total transaction of $36,313.50. Following the sale, the director now directly owns 3,628 shares of the company’s stock, valued at $1,021,282. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis K. Eck sold 35,000 shares of the company’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $287.15, for a total transaction of $10,050,250.00. Following the sale, the director now directly owns 361,294 shares in the company, valued at $103,745,572.10. The disclosure for this sale can be found here. Insiders have sold 68,407 shares of company stock worth $19,580,698 over the last ninety days. Insiders own 5.60% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Alliancebernstein L.P. grew its stake in Ulta Beauty by 4.3% during the third quarter. Alliancebernstein L.P. now owns 2,686,897 shares of the specialty retailer’s stock worth $758,027,000 after buying an additional 109,978 shares during the last quarter. FMR LLC grew its stake in Ulta Beauty by 24.0% during the second quarter. FMR LLC now owns 948,576 shares of the specialty retailer’s stock worth $221,454,000 after buying an additional 183,611 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Ulta Beauty by 2.4% during the third quarter. Bank of New York Mellon Corp now owns 847,947 shares of the specialty retailer’s stock worth $239,223,000 after buying an additional 20,257 shares during the last quarter. Wells Fargo & Company MN grew its stake in Ulta Beauty by 4.1% during the second quarter. Wells Fargo & Company MN now owns 743,233 shares of the specialty retailer’s stock worth $173,515,000 after buying an additional 29,590 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. grew its stake in Ulta Beauty by 6.7% during the second quarter. NN Investment Partners Holdings N.V. now owns 679,652 shares of the specialty retailer’s stock worth $158,670,000 after buying an additional 42,710 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

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Source : https://www.themarketsdaily.com/2018/11/09/bidaskclub-upgrades-ulta-beauty-ulta-to-buy.html

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