Ulta Beauty, Inc. (NASDAQ:ULTA) Insider Sells $332,982.32 in Stock

Ulta Beauty, Inc. (NASDAQ:ULTA) insider Jodi J. Caro sold 902 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the transaction, the insider now directly owns 7,632 shares in the company, valued at $2,817,429.12. The trade was a 10.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Ulta Beauty Trading Down 2.3 %

ULTA opened at $359.36 on Friday. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $460.00. The firm has a market cap of $16.66 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 0.89 and a beta of 1.34. The company has a fifty day simple moving average of $369.03 and a 200 day simple moving average of $385.97.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.13 by $1.33. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $8.08 earnings per share. On average, analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ULTA has been the topic of a number of recent analyst reports. Loop Capital increased their price target on Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. UBS Group raised their price target on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Piper Sandler lowered their price target on Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Wells Fargo & Company cut their price objective on shares of Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating on the stock in a report on Friday, March 14th. Finally, Oppenheimer boosted their target price on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Ulta Beauty currently has an average rating of “Hold” and a consensus price target of $427.61.

Hedge Funds Weigh In On Ulta Beauty

A number of institutional investors have recently made changes to their positions in ULTA. Versant Capital Management Inc grew its holdings in Ulta Beauty by 450.5% during the 1st quarter. Versant Capital Management Inc now owns 545 shares of the specialty retailer’s stock worth $200,000 after acquiring an additional 446 shares in the last quarter. First Hawaiian Bank raised its position in shares of Ulta Beauty by 20.2% during the 1st quarter. First Hawaiian Bank now owns 3,087 shares of the specialty retailer’s stock valued at $1,132,000 after acquiring an additional 519 shares in the last quarter. Kera Capital Partners Inc. bought a new position in Ulta Beauty during the first quarter worth $268,000. Rempart Asset Management Inc. increased its stake in Ulta Beauty by 3.0% during the first quarter. Rempart Asset Management Inc. now owns 38,975 shares of the specialty retailer’s stock valued at $14,286,000 after purchasing an additional 1,118 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Ulta Beauty by 35.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the specialty retailer’s stock valued at $43,000 after purchasing an additional 31 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

About Ulta Beauty

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.