Jodi J. Caro Sells 650 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA) Stock

Ulta Beauty, Inc. (NASDAQ:ULTA) insider Jodi J. Caro sold 650 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total transaction of $252,642.00. Following the sale, the insider now directly owns 6,801 shares in the company, valued at $2,643,412.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ulta Beauty Stock Performance

ULTA stock opened at $385.87 on Friday. Ulta Beauty, Inc. has a one year low of $368.02 and a one year high of $574.76. The company’s 50 day moving average price is $392.42 and its two-hundred day moving average price is $463.13. The company has a market capitalization of $18.41 billion, a PE ratio of 15.05, a price-to-earnings-growth ratio of 1.69 and a beta of 1.36.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, May 30th. The specialty retailer reported $6.47 EPS for the quarter, topping the consensus estimate of $6.19 by $0.28. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the firm earned $6.88 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, research analysts predict that Ulta Beauty, Inc. will post 25.76 EPS for the current year.

Ulta Beauty announced that its board has authorized a stock repurchase plan on Thursday, March 14th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the specialty retailer to buy up to 7.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts have commented on ULTA shares. Bank of America dropped their price objective on shares of Ulta Beauty from $575.00 to $425.00 and set a “neutral” rating on the stock in a report on Tuesday, May 28th. Evercore ISI lowered their price target on shares of Ulta Beauty from $630.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, May 31st. Oppenheimer lowered their price target on shares of Ulta Beauty from $500.00 to $475.00 and set an “outperform” rating on the stock in a report on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Ulta Beauty from $574.00 to $627.00 in a report on Friday, March 15th. Finally, Piper Sandler lowered their price target on shares of Ulta Beauty from $505.00 to $498.00 and set an “overweight” rating on the stock in a report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $503.87.

Institutional Trading of Ulta Beauty

Several large investors have recently added to or reduced their stakes in the stock. Morgan Stanley boosted its holdings in Ulta Beauty by 56.7% in the third quarter. Morgan Stanley now owns 1,538,533 shares of the specialty retailer’s stock valued at $614,568,000 after acquiring an additional 556,809 shares in the last quarter. TD Asset Management Inc boosted its holdings in Ulta Beauty by 33.6% in the first quarter. TD Asset Management Inc now owns 544,072 shares of the specialty retailer’s stock valued at $284,484,000 after acquiring an additional 136,725 shares in the last quarter. Norges Bank bought a new stake in Ulta Beauty in the fourth quarter valued at $263,192,000. Boston Partners boosted its holdings in Ulta Beauty by 47.7% in the first quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock valued at $246,862,000 after acquiring an additional 153,727 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Ulta Beauty by 1.2% in the first quarter. Bessemer Group Inc. now owns 357,503 shares of the specialty retailer’s stock valued at $186,933,000 after acquiring an additional 4,344 shares in the last quarter. 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.