Ulta Beauty (NASDAQ:ULTA) Cut to Sell at StockNews.com

Ulta Beauty (NASDAQ:ULTA) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.

Other equities analysts have also recently issued reports about the company. Evercore ISI decreased their target price on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a report on Monday, August 26th. Piper Sandler increased their price target on Ulta Beauty from $357.00 to $360.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. TD Cowen cut their price objective on Ulta Beauty from $390.00 to $380.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. B. Riley raised their target price on shares of Ulta Beauty from $300.00 to $330.00 and gave the stock a “sell” rating in a report on Friday, December 6th. Finally, Oppenheimer boosted their price target on shares of Ulta Beauty from $435.00 to $505.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $439.30.

Ulta Beauty Trading Up 1.1 %

NASDAQ:ULTA traded up $4.49 during mid-day trading on Friday, reaching $430.01. 1,446,135 shares of the stock were exchanged, compared to its average volume of 982,076. The business has a fifty day moving average price of $384.31 and a 200 day moving average price of $379.44. Ulta Beauty has a 1-year low of $318.17 and a 1-year high of $574.76. The firm 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.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC increased its position in Ulta Beauty by 4.7% during the third quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock worth $244,000 after buying an additional 28 shares during the last quarter. UMB Bank n.a. lifted its holdings in Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 30 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its position in Ulta Beauty by 1.0% during the second quarter. Nations Financial Group Inc. IA ADV now owns 3,495 shares of the specialty retailer’s stock worth $1,349,000 after purchasing an additional 33 shares during the period. Mayflower Financial Advisors LLC grew its holdings in Ulta Beauty by 6.8% during the second quarter. Mayflower Financial Advisors LLC now owns 521 shares of the specialty retailer’s stock valued at $201,000 after purchasing an additional 33 shares during the last quarter. Finally, Brighton Jones LLC raised its position in shares of Ulta Beauty by 1.8% in the second quarter. Brighton Jones LLC now owns 1,826 shares of the specialty retailer’s stock valued at $705,000 after purchasing an additional 33 shares during the period. Institutional investors own 90.39% of the company’s stock.

About Ulta Beauty

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.