Ulta Beauty (NASDAQ:ULTA – Get Rating) had its price objective lowered by Stifel Nicolaus from $525.00 to $475.00 in a report published on Friday morning, The Fly reports.
Several other equities analysts have also commented on ULTA. Citigroup decreased their price objective on shares of Ulta Beauty from $510.00 to $460.00 in a research report on Friday. Piper Sandler raised their price target on shares of Ulta Beauty from $615.00 to $640.00 in a research report on Wednesday, April 26th. Cowen raised their price target on shares of Ulta Beauty from $503.00 to $570.00 and gave the stock an outperform rating in a research report on Thursday, February 16th. Raymond James raised their price target 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. Finally, StockNews.com raised shares of Ulta Beauty from a hold rating to a buy rating in a research report on Monday, May 22nd. One equities 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 given a strong buy rating to the stock. According to MarketBeat.com, Ulta Beauty currently has an average rating of Moderate Buy and an average price target of $545.76.
Ulta Beauty Stock Down 13.4 %
Shares of Ulta Beauty stock opened at $420.27 on Friday. The firm has a market capitalization of $21.05 billion, a P/E ratio of 17.08, a PEG ratio of 1.57 and a beta of 1.31. The company has a 50 day moving average price of $520.61 and a 200 day moving average price of $498.38. Ulta Beauty has a 52 week low of $360.58 and a 52 week high of $556.60.
Insider Buying and Selling at Ulta Beauty
In other Ulta Beauty news, insider Anita Jane Ryan sold 1,255 shares of the company’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $544.69, for a total value of $683,585.95. Following the transaction, the insider now owns 2,491 shares of the company’s stock, valued at $1,356,822.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Lorna Nagler sold 1,200 shares of the stock in a transaction dated Friday, March 31st. The shares were sold at an average price of $541.12, for a total transaction of $649,344.00. Following the sale, the director now owns 6,632 shares of the company’s stock, valued at $3,588,707.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anita Jane Ryan sold 1,255 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $544.69, for a total transaction of $683,585.95. Following the sale, the insider now owns 2,491 shares in the company, valued at $1,356,822.79. The disclosure for this sale can be found here. Insiders have sold 7,355 shares of company stock valued at $3,821,507 over the last 90 days. 2.00% of the stock is owned by insiders.
Institutional Trading of Ulta Beauty
Large investors have recently made changes to their positions in the company. Grey Fox Wealth Advisors LLC purchased a new position in Ulta Beauty in the fourth quarter valued at approximately $26,000. CI Investments Inc. boosted its holdings in shares of Ulta Beauty by 1,016.7% in the third quarter. CI Investments Inc. now owns 67 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 61 shares during the period. Ahrens Investment Partners LLC acquired a new stake in shares of Ulta Beauty in the first quarter valued at approximately $27,000. Parkside Financial Bank & Trust lifted its holdings in shares of Ulta Beauty by 59.1% during the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 26 shares during the period. Finally, BOKF NA acquired a new stake in shares of Ulta Beauty during the first quarter worth $30,000. 90.47% of the stock is currently owned by hedge funds and other institutional investors.
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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