Ulta Beauty (NASDAQ:ULTA - Get Free Report) had its target price raised by equities researchers at JPMorgan Chase & Co. from $475.00 to $477.00 in a report released on Friday,Benzinga reports. The firm currently has an "overweight" rating on the specialty retailer's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 17.38% from the stock's previous close.
Several other research firms also recently commented on ULTA. Citigroup raised shares of Ulta Beauty from a "neutral" rating to a "positive" rating in a research report on Wednesday, May 14th. Barclays decreased their price objective on Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. Bank of America dropped their target price on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Oppenheimer reiterated an "outperform" rating and set a $465.00 price target (up previously from $435.00) on shares of Ulta Beauty in a report on Tuesday. Finally, Canaccord Genuity Group lowered their price target on Ulta Beauty from $526.00 to $510.00 and set a "buy" rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Ulta Beauty currently has a consensus rating of "Hold" and an average price target of $421.75.
Check Out Our Latest Stock Report on ULTA
Ulta Beauty Stock Performance
Shares of NASDAQ ULTA traded down $4.01 during trading on Friday, hitting $406.39. 43,479 shares of the company traded hands, compared to its average volume of 1,047,528. The firm has a market capitalization of $18.35 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 0.89 and a beta of 1.06. The business's fifty day moving average is $376.14 and its 200 day moving average is $386.37. Ulta Beauty has a fifty-two week low of $309.01 and a fifty-two week high of $460.00.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, beating the consensus estimate of $7.13 by $1.33. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the previous year, the company posted $8.08 earnings per share. The company's quarterly revenue was down 1.9% on a year-over-year basis. On average, analysts predict that Ulta Beauty will post 23.96 EPS for the current year.
Insider Activity
In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of Ulta Beauty 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 of the company's stock, valued at approximately $2,817,429.12. This trade represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.39% of the company's stock.
Institutional Trading of Ulta Beauty
Several institutional investors have recently added to or reduced their stakes in ULTA. Prestige Wealth Management Group LLC grew its stake in shares of Ulta Beauty by 121.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 34 shares during the last quarter. American National Bank & Trust purchased a new stake in Ulta Beauty in the first quarter worth $29,000. Wayfinding Financial LLC bought a new stake in Ulta Beauty in the first quarter valued at $31,000. Rakuten Securities Inc. increased its position in Ulta Beauty by 218.5% during the 1st quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock valued at $32,000 after purchasing an additional 59 shares during the period. Finally, Edge Capital Group LLC bought a new position in Ulta Beauty in the 4th quarter worth $33,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.
About Ulta Beauty
(
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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