Ulta Beauty, Inc. (NASDAQ:ULTA - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $366.54, but opened at $377.00. Ulta Beauty shares last traded at $369.60, with a volume of 107,149 shares changing hands.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on ULTA shares. Barclays dropped 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. The Goldman Sachs Group raised Ulta Beauty from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $384.00 to $423.00 in a research note on Tuesday. Stifel Nicolaus cut their target price on Ulta Beauty from $475.00 to $400.00 and set a "hold" rating on the stock in a research report on Friday, March 14th. Telsey Advisory Group reiterated an "outperform" rating and issued a $500.00 price target on shares of Ulta Beauty in a research report on Monday, March 10th. Finally, Morgan Stanley cut their price objective on Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $427.61.
Get Our Latest Stock Analysis on Ulta Beauty
Ulta Beauty Trading Up 2.3 %
The firm has a 50-day simple moving average of $371.22 and a two-hundred day simple moving average of $386.30. The company has a market capitalization of $17.74 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.
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, topping analysts' consensus estimates of $7.13 by $1.33. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm's revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.08 earnings per share. On average, sell-side analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.
Insider Activity at Ulta Beauty
In related news, insider Jodi J. Caro sold 902 shares of the business'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 completion of the sale, the insider now directly owns 7,632 shares in the company, valued at approximately $2,817,429.12. The trade was a 10.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.39% of the stock is owned by company insiders.
Hedge Funds Weigh In On Ulta Beauty
Institutional investors have recently modified their holdings of the company. Prestige Wealth Management Group LLC grew its stake in Ulta Beauty by 121.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock valued at $27,000 after buying an additional 34 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock valued at $32,000 after acquiring an additional 45 shares during the period. Westside Investment Management Inc. grew its position in shares of Ulta Beauty by 151.5% in the third 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. Edge Capital Group LLC bought a new position in shares of Ulta Beauty in the fourth quarter worth about $33,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of Ulta Beauty in the fourth quarter worth about $43,000. Institutional investors own 90.39% of the company's stock.
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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