Ulta Beauty (NASDAQ:ULTA – Get Rating) had its target price cut by Robert W. Baird from $580.00 to $560.00 in a research report sent to investors on Friday morning, The Fly reports.
ULTA has been the subject of several other reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Ulta Beauty from $607.00 to $600.00 in a research note on Wednesday, March 8th. Loop Capital upped their price objective on shares of Ulta Beauty from $500.00 to $520.00 in a research report on Friday, March 10th. Raymond James upped their price objective on shares of Ulta Beauty from $600.00 to $615.00 and gave the stock a strong-buy rating in a research report on Thursday, April 6th. Evercore ISI upped their price objective on shares of Ulta Beauty from $600.00 to $650.00 in a research report on Friday, March 10th. Finally, Morgan Stanley increased their target price on shares of Ulta Beauty from $510.00 to $535.00 and gave the company an equal weight rating in a research report on Monday, March 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $545.76.
Ulta Beauty Price Performance
ULTA opened at $420.27 on Friday. The firm has a fifty day moving average price of $520.61 and a 200 day moving average price of $498.38. Ulta Beauty has a 1 year low of $360.58 and a 1 year high of $556.60. The stock has a market cap of $21.05 billion, a P/E ratio of 17.08, a P/E/G ratio of 1.57 and a beta of 1.31.
Insider Activity
In other news, insider Jodi J. Caro sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $506.65, for a total value of $2,279,925.00. Following the completion of the transaction, the insider now owns 5,231 shares of the company’s stock, valued at $2,650,286.15. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Mike C. Smith sold 400 shares of Ulta Beauty stock in a transaction that occurred 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 transaction, the director now owns 1,531 shares in the company, valued at $798,615.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jodi J. Caro sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $506.65, for a total transaction of $2,279,925.00. Following the sale, the insider now directly owns 5,231 shares in the company, valued at approximately $2,650,286.15. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,355 shares of company stock valued at $3,821,507. 2.00% of the stock is currently owned by company insiders.
Institutional Trading of Ulta Beauty
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Grey Fox Wealth Advisors LLC acquired a new stake in Ulta Beauty during the fourth quarter worth approximately $26,000. CI Investments Inc. raised its holdings in Ulta Beauty by 1,016.7% during the third quarter. CI Investments Inc. now owns 67 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 61 shares in the last quarter. Ahrens Investment Partners LLC acquired a new position in shares of Ulta Beauty in the 1st quarter valued at $27,000. Parkside Financial Bank & Trust increased its holdings in shares of Ulta Beauty by 59.1% in the 1st quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 26 shares during the period. Finally, BOKF NA acquired a new position in shares of Ulta Beauty in the 1st quarter valued at $30,000. Institutional investors and hedge funds own 90.47% of the company’s stock.
About Ulta Beauty
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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