Ulta Beauty (NASDAQ:ULTA) Shares Up 2.1%

Ulta Beauty, Inc. (NASDAQ:ULTA) rose 2.1% during mid-day trading on Monday . The company traded as high as $388.84 and last traded at $386.46. Approximately 193,317 shares were traded during trading, a decline of 79% from the average daily volume of 930,228 shares. The stock had previously closed at $378.34.

Analysts Set New Price Targets

ULTA has been the topic of several analyst reports. Oppenheimer lowered their target price on Ulta Beauty from $450.00 to $435.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. BMO Capital Markets lowered their price objective on shares of Ulta Beauty from $500.00 to $385.00 and set a “market perform” rating on the stock in a research report on Friday, August 30th. TD Cowen cut their price objective on shares of Ulta Beauty from $500.00 to $395.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Evercore ISI lowered their target price on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a report on Monday, August 26th. Finally, B. Riley initiated coverage on shares of Ulta Beauty in a report on Tuesday, September 10th. They set a “sell” rating and a $300.00 price target for the company. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $425.29.

Ulta Beauty Trading Up 3.5 %

The firm has a market capitalization of $18.68 billion, a price-to-earnings ratio of 15.07, a price-to-earnings-growth ratio of 2.13 and a beta of 1.31. The company has a 50-day moving average of $368.16 and a 200-day moving average of $412.25.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.02 earnings per share. On average, research analysts forecast that Ulta Beauty, Inc. will post 23.21 earnings per share for the current year.

Insider Activity

In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the sale, the director now directly owns 2,017 shares in the company, valued at $786,791.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total transaction of $39,008.00. Following the completion of the transaction, the director now directly owns 2,017 shares in the company, valued at $786,791.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jodi J. Caro sold 650 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total value of $252,642.00. Following the transaction, the insider now owns 6,801 shares of the company’s stock, valued at approximately $2,643,412.68. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

Institutional Investors Weigh In On Ulta Beauty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Ulta Beauty in the fourth quarter valued at $263,192,000. Global Assets Advisory LLC acquired a new position in Ulta Beauty in the 1st quarter worth approximately $176,753,000. TD Asset Management Inc grew its position in Ulta Beauty by 177.8% during the 4th quarter. TD Asset Management Inc now owns 407,347 shares of the specialty retailer’s stock worth $199,596,000 after purchasing an additional 260,740 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in Ulta Beauty by 210.4% during the 1st quarter. Los Angeles Capital Management LLC now owns 271,550 shares of the specialty retailer’s stock valued at $141,988,000 after purchasing an additional 184,060 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in shares of Ulta Beauty by 87.3% in the second quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer’s stock valued at $130,380,000 after purchasing an additional 157,497 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.