Ulta Beauty, Inc. (NASDAQ:ULTA – Get Free Report)’s stock price was down 1.5% during trading on Tuesday after Canaccord Genuity Group lowered their price target on the stock from $522.00 to $500.00. Canaccord Genuity Group currently has a buy rating on the stock. Ulta Beauty traded as low as $367.93 and last traded at $369.41. Approximately 188,393 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 877,648 shares. The stock had previously closed at $374.98.
ULTA has been the subject of several other research reports. Citigroup dropped their price target on shares of Ulta Beauty from $400.00 to $375.00 and set a “neutral” rating for the company in a research note on Friday. Stifel Nicolaus dropped their price target on shares of Ulta Beauty from $565.00 to $475.00 and set a “hold” rating for the company in a research note on Tuesday, May 14th. Barclays dropped their price target on shares of Ulta Beauty from $394.00 to $355.00 and set an “equal weight” rating for the company in a research note on Friday, June 28th. Robert W. Baird lowered their target price on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a research note on Friday. Finally, BMO Capital Markets lowered their target price on shares of Ulta Beauty from $540.00 to $500.00 and set a “market perform” rating for the company in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ulta Beauty presently has an average rating of “Moderate Buy” and a consensus target price of $488.00.
Insider Activity
In other news, insider Jodi J. Caro sold 650 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total value of $252,642.00. Following the completion of the sale, the insider now directly owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total transaction of $39,008.00. Following the transaction, 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 business’s 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 transaction, the insider now owns 6,801 shares in the company, valued at $2,643,412.68. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nvwm LLC grew its position in Ulta Beauty by 2.1% during the fourth quarter. Nvwm LLC now owns 1,043 shares of the specialty retailer’s stock worth $511,000 after buying an additional 21 shares during the period. Manchester Capital Management LLC grew its position in Ulta Beauty by 41.2% during the fourth quarter. Manchester Capital Management LLC now owns 72 shares of the specialty retailer’s stock worth $35,000 after buying an additional 21 shares during the period. Nkcfo LLC grew its position in Ulta Beauty by 14.4% during the fourth quarter. Nkcfo LLC now owns 183 shares of the specialty retailer’s stock worth $90,000 after buying an additional 23 shares during the period. Janiczek Wealth Management LLC grew its position in Ulta Beauty by 32.5% during the first quarter. Janiczek Wealth Management LLC now owns 102 shares of the specialty retailer’s stock worth $53,000 after buying an additional 25 shares during the period. Finally, Bfsg LLC grew its position in Ulta Beauty by 0.4% during the first quarter. Bfsg LLC now owns 6,284 shares of the specialty retailer’s stock worth $3,286,000 after buying an additional 26 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.
Ulta Beauty Price Performance
The firm’s 50-day simple moving average is $373.59 and its two-hundred day simple moving average is $429.22. The company has a market capitalization of $17.72 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 1.73 and a beta of 1.37.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last released its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $6.47 EPS for the quarter, beating the consensus estimate 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 net margin of 11.13% and a return on equity of 58.06%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $6.88 earnings per share. On average, analysts expect that Ulta Beauty, Inc. will post 25.62 EPS for the current fiscal year.
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.