Ulta Beauty, Inc. (NASDAQ:ULTA - Get Free Report) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 2,360,000 shares, a decrease of 13.6% from the February 13th total of 2,730,000 shares. Based on an average daily volume of 949,900 shares, the days-to-cover ratio is presently 2.5 days. Approximately 5.1% of the shares of the stock are sold short.
Wall Street Analyst Weigh In
Several research firms have weighed in on ULTA. Morgan Stanley dropped their price target on Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. UBS Group upped their price target on Ulta Beauty from $470.00 to $490.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Loop Capital upped their price target on Ulta Beauty from $450.00 to $480.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Telsey Advisory Group restated an "outperform" rating and issued a $500.00 price target on shares of Ulta Beauty in a research note on Monday, March 10th. Finally, DA Davidson dropped their price target on Ulta Beauty from $510.00 to $415.00 and set a "buy" rating for the company in a research note on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $427.13.
Read Our Latest Research Report on Ulta Beauty
Ulta Beauty Trading Up 2.8 %
NASDAQ:ULTA traded up $9.68 during midday trading on Friday, hitting $350.57. 1,730,045 shares of the company traded hands, compared to its average volume of 1,044,720. The firm's fifty day moving average is $377.57 and its 200-day moving average is $386.17. Ulta Beauty has a 12-month low of $309.01 and a 12-month high of $529.67. The firm has a market capitalization of $16.26 billion, a P/E ratio of 14.03, a P/E/G ratio of 0.89 and a beta of 1.34.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, topping analysts' consensus estimates of $7.13 by $1.33. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the firm posted $8.08 earnings per share. The business's revenue was down 1.9% compared to the same quarter last year. On average, research analysts expect that Ulta Beauty will post 23.96 EPS for the current fiscal year.
Institutional Trading of Ulta Beauty
A number of hedge funds and other institutional investors have recently bought and sold shares of ULTA. Prestige Wealth Management Group LLC increased its stake in Ulta Beauty by 121.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 34 shares during the period. Sunbelt Securities Inc. grew its position in shares of Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after buying an additional 45 shares in the last quarter. Westside Investment Management Inc. grew its position in shares of Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after buying an additional 50 shares in the last quarter. Edge Capital Group LLC bought a new position in shares of Ulta Beauty during the 4th quarter worth $33,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Ulta Beauty during the 3rd quarter worth $41,000. Hedge funds and other institutional investors own 90.39% of the company's stock.
About Ulta Beauty
(
Get Free Report)
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.
Featured Articles
Before you consider Ulta Beauty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ulta Beauty wasn't on the list.
While Ulta Beauty currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
