Ulta Magnificence, Inc. (NASDAQ:ULTA) Receives Consensus Advice of “Reasonable Purchase” from Analysts

Shares of Ulta Magnificence, Inc. (NASDAQ:ULTAGet Score) have acquired a consensus advice of “Reasonable Purchase” from the twenty-three analysts which can be protecting the agency, MarketBeat Scores studies. Eight funding analysts have rated the inventory with a maintain score and 13 have assigned a purchase score to the corporate. The common twelve-month goal worth amongst brokerages which have issued a report on the inventory within the final yr is $458.38.

Various equities analysts have not too long ago weighed in on ULTA shares. Deutsche Financial institution Aktiengesellschaft diminished their worth goal on shares of Ulta Magnificence from $522.00 to $466.00 in a analysis report on Wednesday, Could twenty fifth. JPMorgan Chase & Co. lifted their worth goal on shares of Ulta Magnificence from $460.00 to $480.00 in a analysis report on Friday, Could twenty seventh. DA Davidson lifted their worth goal on shares of Ulta Magnificence from $465.00 to $490.00 and gave the inventory a “purchase” score in a analysis report on Thursday, June ninth. Piper Sandler raised their worth goal on shares of Ulta Magnificence from $465.00 to $485.00 and gave the inventory an “chubby” score in a report on Friday, Could twenty seventh. Lastly, Oppenheimer raised their worth goal on shares of Ulta Magnificence from $470.00 to $485.00 and gave the inventory an “outperform” score in a report on Friday, Could twenty seventh.

Shares of NASDAQ ULTA opened at $410.54 on Friday. The corporate’s fifty day transferring common is $397.55 and its 200-day transferring common is $388.13. The inventory has a market cap of $21.27 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 1.85 and a beta of 1.54. Ulta Magnificence has a twelve month low of $319.05 and a twelve month excessive of $438.63.

Ulta Magnificence (NASDAQ:ULTAGet Score) final introduced its quarterly earnings outcomes on Thursday, Could twenty sixth. The specialty retailer reported $6.30 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $1.84. The corporate had income of $2.35 billion for the quarter, in comparison with analysts’ expectations of $2.12 billion. Ulta Magnificence had a internet margin of 12.03% and a return on fairness of 60.83%. The enterprise’s quarterly income was up 21.0% in comparison with the identical quarter final yr. Throughout the identical interval final yr, the agency posted $4.10 earnings per share. As a gaggle, analysts forecast that Ulta Magnificence will publish 20.08 EPS for the present fiscal yr.

In different information, Director George R. Mrkonic, Jr. offered 476 shares of Ulta Magnificence inventory in a transaction dated Monday, June thirteenth. The shares have been offered at a median worth of $391.84, for a complete worth of $186,515.84. Following the completion of the transaction, the director now owns 2,393 shares of the corporate’s inventory, valued at roughly $937,673.12. The sale was disclosed in a authorized submitting with the SEC, which is accessible via this hyperlink. Additionally, COO Kecia Steelman offered 13,199 shares of Ulta Magnificence inventory in a transaction dated Friday, June third. The shares have been offered at a median worth of $405.02, for a complete transaction of $5,345,858.98. Following the completion of the transaction, the chief working officer now straight owns 16,627 shares of the corporate’s inventory, valued at roughly $6,734,267.54. The disclosure for this sale might be discovered right here. Insiders offered a complete of 46,207 shares of firm inventory value $19,411,502 over the past quarter. Firm insiders personal 2.00% of the corporate’s inventory.

A number of institutional buyers and hedge funds have not too long ago made modifications to their positions within the firm. Vanguard Group Inc. grew its place in shares of Ulta Magnificence by 0.7% within the 1st quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer’s inventory valued at $2,344,096,000 after buying an extra 40,190 shares through the interval. BlackRock Inc. boosted its holdings in shares of Ulta Magnificence by 11.4% through the 4th quarter. BlackRock Inc. now owns 4,234,911 shares of the specialty retailer’s inventory value $1,746,223,000 after shopping for an extra 434,595 shares through the interval. Wellington Administration Group LLP boosted its holdings in shares of Ulta Magnificence by 43.1% through the 1st quarter. Wellington Administration Group LLP now owns 2,276,111 shares of the specialty retailer’s inventory value $906,392,000 after shopping for an extra 685,026 shares through the interval. State Road Corp boosted its holdings in shares of Ulta Magnificence by 5.3% through the 4th quarter. State Road Corp now owns 2,208,301 shares of the specialty retailer’s inventory value $910,571,000 after shopping for an extra 110,198 shares through the interval. Lastly, Northern Belief Corp boosted its holdings in shares of Ulta Magnificence by 7.4% through the 4th quarter. Northern Belief Corp now owns 625,289 shares of the specialty retailer’s inventory value $257,832,000 after shopping for an extra 42,873 shares through the interval. 89.20% of the inventory is owned by institutional buyers.

About Ulta Magnificence (Get Score)

Ulta Magnificence, Inc operates as a retailer of magnificence merchandise in the US. The corporate’s shops provide cosmetics, fragrances, skincare and haircare merchandise, tub and physique merchandise, and salon styling instruments; skilled hair merchandise; salon companies, together with hair, pores and skin, make-up, and forehead companies; and nail companies.

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