Ulta Beauty (NASDAQ:ULTA – Get Rating) had its price target decreased by Raymond James from $615.00 to $600.00 in a report published on Friday, The Fly reports.
ULTA has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Ulta Beauty from $607.00 to $600.00 in a research note on Wednesday, March 8th. UBS Group lifted their price target on shares of Ulta Beauty from $590.00 to $640.00 in a report on Thursday, May 11th. StockNews.com upgraded shares of Ulta Beauty from a hold rating to a buy rating in a report on Monday, May 22nd. Stifel Nicolaus reduced their price target on shares of Ulta Beauty from $525.00 to $475.00 in a report on Friday. Finally, Bank of America reduced their target price on shares of Ulta Beauty from $540.00 to $490.00 in a report on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $545.76.
Ulta Beauty Trading Down 13.4 %
Shares of ULTA stock opened at $420.27 on Friday. Ulta Beauty has a 12-month low of $360.58 and a 12-month high of $556.60. The firm’s 50 day moving average is $520.61 and its 200 day moving average is $498.38. The stock has a market capitalization 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 Transactions at Ulta Beauty
In related news, insider Anita Jane Ryan sold 1,255 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $544.69, for a total transaction of $683,585.95. Following the completion of the transaction, the insider now owns 2,491 shares in the company, valued at approximately $1,356,822.79. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Anita Jane Ryan sold 1,255 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $544.69, for a total transaction of $683,585.95. Following the completion of the transaction, the insider now owns 2,491 shares in the company, valued at approximately $1,356,822.79. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mike C. Smith sold 400 shares of the business’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 transaction of $208,652.00. Following the transaction, the director now owns 1,531 shares of the company’s stock, valued at approximately $798,615.53. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,355 shares of company stock valued at $3,821,507. Company insiders own 2.00% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. ProShare Advisors LLC increased its stake in Ulta Beauty by 18.2% during the 1st quarter. ProShare Advisors LLC now owns 7,839 shares of the specialty retailer’s stock valued at $4,278,000 after purchasing an additional 1,209 shares in the last quarter. Toroso Investments LLC increased its stake in Ulta Beauty by 256.0% during the 1st quarter. Toroso Investments LLC now owns 5,518 shares of the specialty retailer’s stock valued at $3,011,000 after purchasing an additional 3,968 shares in the last quarter. 3Chopt Investment Partners LLC acquired a new position in Ulta Beauty during the 1st quarter valued at approximately $565,000. Raleigh Capital Management Inc. boosted its holdings in shares of Ulta Beauty by 10.8% in the 1st quarter. Raleigh Capital Management Inc. now owns 419 shares of the specialty retailer’s stock valued at $229,000 after acquiring an additional 41 shares during the last quarter. Finally, Arete Wealth Advisors LLC purchased a new stake in shares of Ulta Beauty in the 1st quarter valued at $518,000. 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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