Ulta Beauty (NASDAQ:ULTA) PT Raised to $335.00

Ulta Beauty (NASDAQ:ULTA) had its target price upped by analysts at Barclays from $328.00 to $335.00 in a research report issued on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the specialty retailer’s stock. Barclays‘s price objective would suggest a potential downside of 6.36% from the company’s previous close.

A number of other equities research analysts have also commented on ULTA. Oppenheimer lowered their price target on Ulta Beauty from $450.00 to $435.00 and set an “outperform” rating for the company in a research report on Friday. The Goldman Sachs Group lowered their target price on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Wells Fargo & Company dropped their price target on shares of Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a research report on Friday. Piper Sandler reaffirmed a “neutral” rating and issued a $356.00 price objective (down from $404.00) on shares of Ulta Beauty in a research report on Friday. Finally, UBS Group decreased their price objective on shares of Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Ulta Beauty currently has a consensus rating of “Moderate Buy” and an average price target of $445.09.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA traded down $9.81 during midday trading on Friday, hitting $357.77. 2,549,159 shares of the company’s stock were exchanged, compared to its average volume of 903,257. Ulta Beauty has a 12 month low of $318.17 and a 12 month high of $574.76. The company has a market cap of $17.07 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 1.75 and a beta of 1.37. The stock has a 50 day moving average price of $373.05 and a 200-day moving average price of $427.73.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $6.02 earnings per share. On average, analysts anticipate that Ulta Beauty will post 25.48 EPS for the current fiscal year.

Insider Activity at Ulta Beauty

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

Institutional Trading of Ulta Beauty

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL bought a new position in Ulta Beauty in the 2nd quarter valued at $124,000. Dana Investment Advisors Inc. raised its position in shares of Ulta Beauty by 9.9% in the second quarter. Dana Investment Advisors Inc. now owns 757 shares of the specialty retailer’s stock worth $292,000 after buying an additional 68 shares in the last quarter. Aristides Capital LLC bought a new stake in Ulta Beauty during the second quarter valued at $386,000. Granite Bay Wealth Management LLC purchased a new position in Ulta Beauty during the second quarter worth about $538,000. Finally, Ted Buchan & Co bought a new position in Ulta Beauty in the 2nd quarter worth about $551,000. 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.