Ulta Beauty, Inc. (NASDAQ:ULTA) Insider Jodi J. Caro Sells 902 Shares

Ulta Beauty, Inc. (NASDAQ:ULTA - Get Free Report) insider Jodi J. Caro sold 902 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ulta Beauty Stock Down 2.3 %

Shares of ULTA traded down $8.40 during midday trading on Friday, reaching $359.36. 1,531,940 shares of the stock were exchanged, compared to its average volume of 1,046,706. The stock's 50 day simple moving average is $369.03 and its 200 day simple moving average is $385.89. The company has a market cap of $16.28 billion, a P/E ratio of 14.38, a PEG ratio of 0.89 and a beta of 1.16. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $460.00.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same quarter in the previous year, the company earned $8.08 EPS. The business's revenue was down 1.9% on a year-over-year basis. As a group, analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

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Analysts Set New Price Targets

Several research analysts recently commented on ULTA shares. Loop Capital increased their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a "buy" rating in a report on Monday, December 9th. TD Cowen increased their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. Piper Sandler lowered their target price on Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Stifel Nicolaus dropped their target price on Ulta Beauty from $475.00 to $400.00 and set a "hold" rating on the stock in a report on Friday, March 14th. Finally, Citigroup decreased their price target on Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $427.61.

Hedge Funds Weigh In On Ulta Beauty

Hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Investment Partners LLC increased its position in shares of Ulta Beauty by 3.9% in the fourth quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer's stock worth $289,000 after purchasing an additional 25 shares during the period. RWA Wealth Partners LLC grew its stake in Ulta Beauty by 1.5% during the fourth quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer's stock worth $812,000 after buying an additional 28 shares in the last quarter. Lido Advisors LLC increased its holdings in Ulta Beauty by 5.0% in the 4th quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer's stock valued at $272,000 after buying an additional 30 shares during the period. Colonial Trust Co SC raised its position in shares of Ulta Beauty by 36.9% in the 4th quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer's stock valued at $50,000 after buying an additional 31 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Ulta Beauty by 35.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the specialty retailer's stock worth $43,000 after acquiring an additional 31 shares during the period. 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.