Can Ulta Beauty Inc (ULTA)’s Tomorrow be Different? The Stock Just Broke Its 52-Week Low

October 13, 2017 - By wolcottdaily

Investors sentiment increased to 1.05 in Q2 2017. Its up 0.07, from 0.98 in 2017Q1. It improved, as 47 investors sold Ulta Beauty Inc shares while 194 reduced holdings. 83 funds opened positions while 169 raised stakes. 53.03 million shares or 1.87% more from 52.05 million shares in 2017Q1 were reported.
Washington Capital Mgmt Incorporated reported 1,400 shares. Shaker Invests Ltd Liability Oh holds 0.22% or 1,000 shares. Btc Cap owns 816 shares for 0.04% of their portfolio. Intrust National Bank & Trust Na stated it has 0.31% of its portfolio in Ulta Beauty Inc (NASDAQ:ULTA). Private Advisor Group Inc Lc reported 2,417 shares stake. Utd Cap Financial Advisers Limited Liability holds 0% of its portfolio in Ulta Beauty Inc (NASDAQ:ULTA) for 1,462 shares. Stifel Fincl Corporation stated it has 20,651 shares. Green Square Cap Ltd Liability Corporation invested 0.07% of its portfolio in Ulta Beauty Inc (NASDAQ:ULTA). New York-based Rothschild Asset Management Inc has invested 0.01% in Ulta Beauty Inc (NASDAQ:ULTA). Rainier Investment Mngmt Limited Liability Company has invested 0.59% in Ulta Beauty Inc (NASDAQ:ULTA). Kbc Nv has invested 0.02% of its portfolio in Ulta Beauty Inc (NASDAQ:ULTA). Legal & General Gp Plc has 279,577 shares. Susquehanna Gru Ltd Liability Partnership reported 20,997 shares or 0% of all its holdings. Strs Ohio holds 0.15% in Ulta Beauty Inc (NASDAQ:ULTA) or 114,742 shares. Cetera Advisor Limited Liability Corporation invested in 828 shares.

Since June 1, 2017, it had 0 insider purchases, and 3 sales for $15.73 million activity. The insider Halligan Catherine Ann sold 500 shares worth $156,182. 20,000 shares were sold by DiRomualdo Robert F, worth $6.18M on Thursday, June 1.

The stock of Ulta Beauty Inc (NASDAQ:ULTA) hit a new 52-week low and has $187.44 target or 6.00 % below today’s $199.40 share price. The 7 months bearish chart indicates high risk for the $12.25B company. The 1-year low was reported on Oct, 13 by Barchart.com. If the $187.44 price target is reached, the company will be worth $735.00 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

About 3.29 million shares traded or 163.20% up from the average. Ulta Beauty Inc (NASDAQ:ULTA) has risen 41.46% since October 13, 2016 and is uptrending. It has outperformed by 24.76% the S&P500.

Wall Street await Ulta Beauty Inc (NASDAQ:ULTA) to release earnings on December, 7. Analysts forecast EPS of $1.66, up exactly $0.26 or 18.57 % from 2014’s $1.4 EPS. The expected ULTA’s profit could reach $101.93 million giving the stock 30.04 P/E in the case that $1.66 earnings per share is reported. After posting $1.83 EPS for the previous quarter, Ulta Beauty Inc’s analysts now forecast -9.29 % negative EPS growth.

Ulta Beauty Inc (NASDAQ:ULTA) Ratings Coverage

Among 25 analysts covering Ulta Salon Cosmetics & Fragrance Inc (NASDAQ:ULTA), 12 have Buy rating, 0 Sell and 13 Hold. Therefore 48% are positive. Ulta Salon Cosmetics & Fragrance Inc had 92 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Friday, October 14 by Telsey Advisory Group. Cowen & Co maintained the shares of ULTA in report on Friday, August 26 with “Outperform” rating. As per Friday, March 11, the company rating was maintained by Deutsche Bank. Stifel Nicolaus maintained the shares of ULTA in report on Tuesday, June 6 with “Hold” rating. Telsey Advisory Group maintained the stock with “Outperform” rating in Friday, May 27 report. RBC Capital Markets maintained it with “Hold” rating and $31000 target in Friday, May 26 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, August 29. The firm has “Overweight” rating given on Friday, May 27 by KeyBanc Capital Markets. The rating was maintained by Stifel Nicolaus on Friday, May 26 with “Hold”. The rating was maintained by KeyBanc Capital Markets on Tuesday, October 3 with “Buy”.

More notable recent Ulta Beauty Inc (NASDAQ:ULTA) news were published by: Benzinga.com which released: “Amazon Fear, Analyst Downgrade Make For An Ugly Ulta Beauty Chart” on October 12, 2017, also Seekingalpha.com with their article: “Ulta Beauty – Getting Prettier Around $200” published on October 01, 2017, Prnewswire.com published: “Specialty Retail Stock Performance Review — Five Below, Barnes & Noble, Ulta …” on September 28, 2017. More interesting news about Ulta Beauty Inc (NASDAQ:ULTA) were released by: Seekingalpha.com and their article: “Leaning Bullish On Ulta Beauty, But Some Risks Remain” published on September 14, 2017 as well as Nasdaq.com‘s news article titled: “Can Ulta Beauty’s Strategies Continue to Keep Hurdles at Bay?” with publication date: October 03, 2017.

Ulta Beauty, Inc. is a holding company for the Ulta Beauty group of companies. The company has market cap of $12.25 billion. The Firm is a beauty retailer. It has a 26.53 P/E ratio. The Firm offers cosmetics, fragrance, skin, hair care products and salon services.

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