Ulta Beauty (NASDAQ:ULTA) Shares Up 2.1%

Ulta Beauty, Inc. (NASDAQ:ULTA)’s share price was up 2.1% during mid-day trading on Tuesday . The company traded as high as $399.87 and last traded at $397.30. Approximately 386,466 shares changed hands during trading, a decline of 59% from the average daily volume of 931,901 shares. The stock had previously closed at $389.29.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ULTA shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Ulta Beauty from $552.00 to $448.00 and set a “buy” rating on the stock in a research report on Wednesday, August 28th. Piper Sandler restated a “neutral” rating and set a $356.00 price target (down from $404.00) on shares of Ulta Beauty in a research report on Friday, August 30th. DA Davidson cut their price objective on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Loop Capital reduced their price objective on Ulta Beauty from $520.00 to $450.00 and set a “buy” rating on the stock in a research note on Tuesday, September 3rd. Finally, Stifel Nicolaus lowered their target price on Ulta Beauty from $475.00 to $385.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Three 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 MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $425.29.

Ulta Beauty Stock Up 2.1 %

The business has a fifty day moving average of $368.03 and a 200 day moving average of $411.13. The firm has a market cap of $18.96 billion, a P/E ratio of 15.50, a P/E/G ratio of 2.13 and a beta of 1.31.

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

Insider Activity

In related news, insider Jodi J. Caro sold 650 shares of the firm’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 sale, the insider now owns 6,801 shares of the company’s stock, valued at approximately $2,643,412.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Catherine Ann Halligan sold 100 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total transaction of $39,008.00. Following the sale, the director now directly owns 2,017 shares in the company, valued at $786,791.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jodi J. Caro sold 650 shares of the stock in a transaction dated 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. 0.39% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in Ulta Beauty in the 4th quarter valued at $263,192,000. Global Assets Advisory LLC acquired a new stake in shares of Ulta Beauty in the first quarter valued at about $176,753,000. TD Asset Management Inc increased its position in shares of Ulta Beauty by 177.8% in the fourth quarter. TD Asset Management Inc now owns 407,347 shares of the specialty retailer’s stock valued at $199,596,000 after acquiring an additional 260,740 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in Ulta Beauty by 210.4% during the first quarter. Los Angeles Capital Management LLC now owns 271,550 shares of the specialty retailer’s stock worth $141,988,000 after acquiring an additional 184,060 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in Ulta Beauty by 87.3% during 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 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.