Investment Analysts’ Weekly Ratings Changes for Ulta Beauty (ULTA)

A number of firms have modified their ratings and price targets on shares of Ulta Beauty (NASDAQ: ULTA) recently:

• 7/24/2024 – Ulta Beauty had its price target lowered by analysts at Wells Fargo & Company from $350.00 to $325.00. They now have an “underweight” rating on the stock.
• 7/24/2024 – Ulta Beauty was downgraded by analysts at Piper Sandler from an “overweight” rating to a “neutral” rating. They now have a $404.00 price target on the stock, down previously from $494.00.
• 7/19/2024 – Ulta Beauty had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $500.00 price target on the stock.
• 7/18/2024 – Ulta Beauty was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 7/15/2024 – Ulta Beauty had its price target lowered by analysts at Oppenheimer Holdings Inc. from $475.00 to $450.00. They now have an “outperform” rating on the stock.
• 7/11/2024 – Ulta Beauty had its price target lowered by analysts at Piper Sandler from $498.00 to $494.00. They now have an “overweight” rating on the stock.
• 7/10/2024 – Ulta Beauty was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 6/28/2024 – Ulta Beauty had its price target lowered by analysts at Barclays PLC from $394.00 to $355.00. They now have an “equal weight” rating on the stock.
• 5/31/2024 – Ulta Beauty had its price target raised by analysts at JPMorgan Chase & Co. from $530.00 to $544.00. They now have an “overweight” rating on the stock.
• 5/31/2024 – Ulta Beauty had its price target lowered by analysts at Piper Sandler from $505.00 to $498.00. They now have an “overweight” rating on the stock.
• 5/31/2024 – Ulta Beauty had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $500.00 price target on the stock.
• 5/31/2024 – Ulta Beauty had its price target lowered by analysts at Evercore ISI from $630.00 to $500.00. They now have an “outperform” rating on the stock.
• 5/31/2024 – Ulta Beauty had its price target lowered by analysts at BMO Capital Markets from $540.00 to $500.00. They now have a “market perform” rating on the stock.
• 5/31/2024 – Ulta Beauty had its price target lowered by analysts at TD Cowen from $520.00 to $500.00. They now have a “buy” rating on the stock.

Ulta Beauty Trading Down 0.7 %

NASDAQ ULTA traded down $2.56 during trading hours on Tuesday, reaching $364.05. 179,628 shares of the company’s stock were exchanged, compared to its average volume of 811,670. The stock has a market cap of $17.37 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37. Ulta Beauty, Inc. has a one year low of $362.10 and a one year high of $574.76. The firm has a fifty day moving average of $387.27 and a 200-day moving average of $449.09.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $6.47 EPS for the quarter, topping analysts’ consensus estimates of $6.19 by $0.28. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.72 billion. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. Ulta Beauty’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $6.88 EPS. As a group, research analysts forecast that Ulta Beauty, Inc. will post 25.66 EPS for the current year.

Insiders Place Their Bets

In other Ulta Beauty news, insider Jodi J. Caro sold 650 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction 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 transaction, the director now owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jodi J. Caro sold 650 shares of the company’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 directly owns 6,801 shares in the company, valued at approximately $2,643,412.68. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ULTA. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Ulta Beauty in the 4th quarter valued at $25,000. UMB Bank n.a. lifted its stake in shares of Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 30 shares during the period. Vima LLC acquired a new position in shares of Ulta Beauty in the 4th quarter valued at $27,000. Riverview Trust Co acquired a new position in shares of Ulta Beauty in the 1st quarter valued at $30,000. Finally, Sound Income Strategies LLC lifted its stake in shares of Ulta Beauty by 490.0% in the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 49 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.