The Goldman Sachs Group upgraded shares of Ulta Beauty (NASDAQ:ULTA - Free Report) from a neutral rating to a buy rating in a report published on Tuesday morning, MarketBeat Ratings reports. The Goldman Sachs Group currently has $423.00 target price on the specialty retailer's stock, up from their previous target price of $384.00.
ULTA has been the subject of several other reports. Telsey Advisory Group reissued an "outperform" rating and set a $500.00 price target on shares of Ulta Beauty in a research report on Monday, March 10th. UBS Group raised their target price on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Bank of America reduced their price target on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Loop Capital raised their price objective on Ulta Beauty from $450.00 to $480.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Finally, B. Riley reduced their target price on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $427.61.
Check Out Our Latest Stock Report on ULTA
Ulta Beauty Stock Performance
Ulta Beauty stock traded down $8.40 during midday trading on Tuesday, hitting $359.36. 1,531,940 shares of the company's stock were exchanged, compared to its average volume of 1,047,659. The company has a market cap of $16.66 billion, a PE ratio of 14.38, a P/E/G ratio of 0.89 and a beta of 1.34. The firm has a 50-day moving average of $369.03 and a two-hundred day moving average of $385.97. Ulta Beauty has a 12 month low of $309.01 and a 12 month 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 earnings per share (EPS) for the quarter, beating 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 net margin of 10.58% and a return on equity of 51.95%. The company's quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm earned $8.08 earnings per share. As a group, equities analysts expect that Ulta Beauty will post 23.96 earnings per share for the current year.
Insider Activity
In other 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 completion of the transaction, the insider now directly owns 7,632 shares of the company's stock, valued at $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 the SEC website. Insiders own 0.39% of the company's stock.
Institutional Trading of Ulta Beauty
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ULTA. Prestige Wealth Management Group LLC boosted its stake 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 acquiring an additional 34 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in Ulta Beauty by 118.4% in 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. Westside Investment Management Inc. boosted its position in Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 50 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Ulta Beauty in the fourth quarter valued at approximately $43,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in shares of Ulta Beauty in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 90.39% of the company's stock.
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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