Ulta Beauty (NASDAQ:ULTA) Lowered to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Ulta Beauty (NASDAQ:ULTA) from a hold rating to a sell rating in a research report report published on Friday.

Several other research analysts have also commented on the stock. Bank of America dropped their price target on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a research note on Friday, August 30th. William Blair downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. UBS Group boosted their price objective on shares of Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. TD Cowen lowered their target price on shares of Ulta Beauty from $390.00 to $380.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Finally, Telsey Advisory Group lifted their target price on shares of Ulta Beauty from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $439.30.

Ulta Beauty Stock Performance

Shares of ULTA opened at $430.01 on Friday. The company has a market capitalization of $19.94 billion, a PE ratio of 17.21, a PEG ratio of 2.38 and a beta of 1.32. The company’s 50 day moving average price is $384.31 and its 200 day moving average price is $379.44. Ulta Beauty has a 52 week low of $318.17 and a 52 week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the business earned $5.07 EPS. On average, equities analysts forecast that Ulta Beauty will post 23.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ULTA. UMB Bank n.a. increased its holdings in shares of Ulta Beauty by 83.3% in the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 30 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Ulta Beauty during the second quarter worth $32,000. Paladin Wealth LLC acquired a new position in shares of Ulta Beauty during the third quarter valued at $32,000. Westside Investment Management Inc. boosted its holdings in Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 50 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.