Ulta Beauty (NASDAQ:ULTA - Get Free Report) was downgraded by Argus from a "buy" rating to a "hold" rating in a note issued to investors on Monday, Marketbeat.com reports.
A number of other research firms have also recently weighed in on ULTA. DA Davidson dropped their price target on Ulta Beauty from $510.00 to $415.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $500.00 price target on shares of Ulta Beauty in a research report on Monday, March 10th. Barclays lowered their target price on shares of Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. Piper Sandler cut their price target on Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Finally, Wells Fargo & Company cut their target price on Ulta Beauty from $360.00 to $310.00 and set an "underweight" rating for the company in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $427.61.
Get Our Latest Stock Analysis on ULTA
Ulta Beauty Stock Up 2.3 %
Shares of NASDAQ:ULTA traded up $8.16 during mid-day trading on Monday, reaching $357.75. 741,747 shares of the stock were exchanged, compared to its average volume of 1,056,438. The stock's 50 day simple moving average is $357.16 and its 200-day simple moving average is $382.26. Ulta Beauty has a one year low of $309.01 and a one year high of $460.00. The company has a market cap of $16.21 billion, a P/E ratio of 14.32, a P/E/G ratio of 0.89 and a beta of 1.16.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, topping the consensus estimate of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same period last year, the business earned $8.08 EPS. The business's quarterly revenue was down 1.9% on a year-over-year basis. Analysts anticipate that Ulta Beauty will post 23.96 EPS for the current fiscal year.
Insider Transactions at Ulta Beauty
In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was 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 approximately $2,817,429.12. This trade represents a 10.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.39% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. Prestige Wealth Management Group LLC lifted its position in shares of Ulta Beauty by 121.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock worth $27,000 after buying an additional 34 shares in the last quarter. American National Bank & Trust bought a new position in Ulta Beauty in the 1st quarter valued at $29,000. Westside Investment Management Inc. increased its position in shares of Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock valued at $32,000 after purchasing an additional 50 shares during the last quarter. Sunbelt Securities Inc. raised its stake in shares of Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 45 shares during the period. Finally, Rakuten Securities Inc. boosted its holdings in shares of Ulta Beauty by 218.5% in the 1st quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock worth $32,000 after buying an additional 59 shares during the last quarter. 90.39% of the stock is owned by institutional investors.
Ulta Beauty Company Profile
(
Get Free Report)
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.
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