Ulta Beauty (NASDAQ:ULTA – Get Rating) had its price objective cut by Bank of America from $540.00 to $490.00 in a research note issued to investors on Friday morning, The Fly reports.
Several other research firms have also issued reports on ULTA. Credit Suisse Group upped their price target on Ulta Beauty from $535.00 to $580.00 and gave the company an outperform rating in a research report on Friday, March 10th. Telsey Advisory Group restated an outperform rating and set a $575.00 price objective on shares of Ulta Beauty in a research note on Monday, March 6th. DA Davidson increased their price target on Ulta Beauty from $545.00 to $605.00 in a research note on Friday, March 10th. Barclays increased their price target on Ulta Beauty from $548.00 to $636.00 and gave the stock an overweight rating in a research note on Friday, March 10th. Finally, Morgan Stanley raised their target price on Ulta Beauty from $510.00 to $535.00 and gave the company an equal weight rating in a research note on Monday, March 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $545.76.
Ulta Beauty Stock Performance
Ulta Beauty stock opened at $420.27 on Friday. The stock’s 50 day moving average price is $520.61 and its 200 day moving average price is $498.38. The firm has a market capitalization of $21.05 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 1.57 and a beta of 1.31. Ulta Beauty has a one year low of $360.58 and a one year high of $556.60.
Insiders Place Their Bets
In other Ulta Beauty news, Director Mike C. Smith sold 400 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $521.63, for a total value of $208,652.00. Following the completion of the sale, the director now owns 1,531 shares in the company, valued at approximately $798,615.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Ulta Beauty news, Director Lorna Nagler sold 1,200 shares of Ulta Beauty stock in a transaction on Friday, March 31st. The stock was sold at an average price of $541.12, for a total value of $649,344.00. Following the completion of the transaction, the director now owns 6,632 shares in the company, valued at approximately $3,588,707.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mike C. Smith sold 400 shares of Ulta Beauty stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $521.63, for a total value of $208,652.00. Following the completion of the sale, the director now directly owns 1,531 shares of the company’s stock, valued at $798,615.53. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,355 shares of company stock worth $3,821,507. 2.00% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Ulta Beauty
Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Ulta Beauty by 0.8% during the third quarter. Vanguard Group Inc. now owns 5,798,924 shares of the specialty retailer’s stock worth $2,326,471,000 after acquiring an additional 46,100 shares in the last quarter. Utah Retirement Systems lifted its holdings in Ulta Beauty by 0.6% during the third quarter. Utah Retirement Systems now owns 9,211 shares of the specialty retailer’s stock worth $3,696,000 after acquiring an additional 54 shares in the last quarter. RFP Financial Group LLC bought a new position in Ulta Beauty during the fourth quarter worth about $31,000. Alpha Paradigm Partners LLC lifted its holdings in Ulta Beauty by 64.4% during the third quarter. Alpha Paradigm Partners LLC now owns 906 shares of the specialty retailer’s stock worth $363,000 after acquiring an additional 355 shares in the last quarter. Finally, Perfromance Wealth Partners LLC lifted its holdings in Ulta Beauty by 11.5% during the fourth quarter. Perfromance Wealth Partners LLC now owns 3,373 shares of the specialty retailer’s stock worth $1,582,000 after acquiring an additional 348 shares in the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.
Ulta Beauty Company Profile
Ulta Beauty, Inc engages in the retail of beauty products. The company has one reportable segment, which includes retail stores, salon services, and e-commerce. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. Ulta was founded on January 9, 1990, and is headquartered in Bolingbrook, IL.
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