Is Ulta Beauty, Inc. (ULTA) a Sell? The Stock Formed Double Bottom

March 23, 2018 - By Peter Erickson

Investors sentiment decreased to 0.85 in Q3 2017. Its down 0.20, from 1.05 in 2017Q2. It turned negative, as 102 investors sold Ulta Beauty, Inc. shares while 170 reduced holdings. 68 funds opened positions while 163 raised stakes. 52.49 million shares or 1.02% less from 53.03 million shares in 2017Q2 were reported.
Sterling Cap Mngmt Ltd Liability Co stated it has 0.02% in Ulta Beauty, Inc. (NASDAQ:ULTA). Virtus Advisers Inc owns 1,215 shares. Noesis Capital Mangement has 0.11% invested in Ulta Beauty, Inc. (NASDAQ:ULTA). Cubist Systematic Strategies Limited Liability Co has 3,137 shares. Ameritas Invest accumulated 10,141 shares. Utah Retirement reported 10,892 shares. Everence Management Incorporated reported 1,400 shares or 0.07% of all its holdings. Tennessee-based Ftb Advsr Incorporated has invested 0% in Ulta Beauty, Inc. (NASDAQ:ULTA). Chevy Chase Inc stated it has 0.05% of its portfolio in Ulta Beauty, Inc. (NASDAQ:ULTA). Grandeur Peak Ltd Liability Corp stated it has 0.04% of its portfolio in Ulta Beauty, Inc. (NASDAQ:ULTA). Blue Ridge Cap Ltd Liability Corp stated it has 4.39% of its portfolio in Ulta Beauty, Inc. (NASDAQ:ULTA). Old Second National Bank & Trust Of Aurora reported 0.95% in Ulta Beauty, Inc. (NASDAQ:ULTA). 18,083 were accumulated by Loring Wolcott & Coolidge Fiduciary Limited Liability Partnership Ma. Oppenheimer And has invested 0.07% in Ulta Beauty, Inc. (NASDAQ:ULTA). Employees Retirement Sys Of Texas stated it has 0.06% of its portfolio in Ulta Beauty, Inc. (NASDAQ:ULTA).

Since October 12, 2017, it had 1 insider purchase, and 0 selling transactions for $24.97 million activity.

The chart of Ulta Beauty, Inc. (ULTA) shows a double bottom with $188.70 target or 9.00 % below today’s $207.36 share price. The 8 months chart pattern indicates high risk for the $12.65 billion company. It was reported on Mar, 23 by If the $188.70 price target is reached, the company will be worth $1.14B less. Double bottoms are rare but powerful chart patterns.

The stock decreased 2.65% or $5.64 during the last trading session, reaching $207.36. About 1.45 million shares traded or 11.61% up from the average. Ulta Beauty, Inc. (NASDAQ:ULTA) has risen 41.46% since March 23, 2017 and is uptrending. It has outperformed by 24.76% the S&P500.

Ulta Beauty, Inc. (NASDAQ:ULTA) Ratings Coverage

Among 29 analysts covering Ulta Salon Cosmetics & Fragrance Inc (NASDAQ:ULTA), 17 have Buy rating, 0 Sell and 12 Hold. Therefore 59% are positive. Ulta Salon Cosmetics & Fragrance Inc has $350 highest and $155 lowest target. $259.19’s average target is 25.00% above currents $207.36 stock price. Ulta Salon Cosmetics & Fragrance Inc had 124 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Thursday, November 30 by BMO Capital Markets. The stock of Ulta Beauty, Inc. (NASDAQ:ULTA) has “Overweight” rating given on Monday, August 22 by Piper Jaffray. The rating was maintained by Buckingham Research with “Buy” on Monday, March 12. The stock has “Hold” rating by RBC Capital Markets on Thursday, March 15. Wells Fargo maintained the shares of ULTA in report on Friday, March 16 with “Buy” rating. The company was maintained on Friday, May 27 by Buckingham Research. The stock has “Buy” rating by Piper Jaffray on Tuesday, June 13. Jefferies maintained Ulta Beauty, Inc. (NASDAQ:ULTA) rating on Tuesday, September 26. Jefferies has “Buy” rating and $300.0 target. Wells Fargo reinitiated the stock with “Market Perform” rating in Thursday, October 22 report. The firm has “Neutral” rating by PiperJaffray given on Wednesday, October 18.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.