Published: Sun, March 12, 2017
Business | By Sandy Mccarthy

Ulta Beauty's (ULTA) "Buy" Rating Reaffirmed at Instinet

Ulta Beauty's (ULTA)

ULTA has been the topic of several other reports. Finally, Citigroup Inc reaffirmed an "outperform" rating on shares of Ulta Beauty in a research report on Monday, March 6th. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Ulta Beauty during the fourth quarter valued at $112,000. Vetr upgraded e.l.f. Beauty from a "buy" rating to a "strong-buy" rating and set a $33.72 price objective for the company in a research report on Wednesday, February 22nd. Analysts have a mean recommendation of 1.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The company presently has an average rating of Buy and a consensus target price of $276.26. (NASDAQ:ASNA) shares moved to $4.25 after starting the day at $4.55. Company's distance from 20 day simple moving average is -0.12% and distance from 50-Day simple moving average is 1.92%. Ulta Beauty has a 52-week low of $158.21 and a 52-week high of $281.17. The firm has a market capitalization of $16.95 billion, a P/E ratio of 45.6600 and a beta of 0.65. (NASDAQ:ULTA) to report earnings on Mar, 09 for the fiscal quarter ending Jan 2017.

Management provided initial guidance for FY2017 ahead of consensus expectations, with a top line of $285-$295mm (vs. $281mm consensus estimate), adj. EBITDA of $61-64mm (vs. $60mm) and adj. EPS of $0.40-0.43 (vs. $0.36).

In the profitability analysis, net profit margin of the firm was recorded at 8.30% and operating profit margin was calculated at 13.20% while gross profit margin was measured as 36.10%. The company's last traded volume of 1.68 million shares as compared to it's an average volume of 0.59 million shares. The firm's revenue was up 24.6% compared to the same quarter past year. Equities analysts expect that Ulta Beauty will post $8.02 earnings per share for the current year.

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Home Depot's net earnings for Q4 2016 were $1.7 billion, or $1.44 per diluted share, contrast with net earnings of $1.5 billion, or $1.17 per diluted share, in the same period of FY15. Fuller & Thaler Asset Management Inc. now owns 600 shares of the company's stock valued at $143,000 after buying an additional 300 shares during the last quarter. Morgan Stanley increased its stake in shares of Ulta Beauty by 17.0% in the third quarter. Dynamic Technology Lab Private Ltd purchased a new stake in e.l.f. Beauty during the fourth quarter worth about $213,000.

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