DA Davidson Lowers Ulta Beauty (NASDAQ:ULTA) Price Target to $435.00

Ulta Beauty (NASDAQ:ULTA) had its target price decreased by DA Davidson from $507.00 to $435.00 in a research note published on Friday, Benzinga reports. DA Davidson currently has a buy rating on the specialty retailer’s stock.

A number of other analysts have also recently weighed in on ULTA. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ulta Beauty from $552.00 to $448.00 and set a buy rating on the stock in a report on Wednesday. Oppenheimer reduced their price objective on Ulta Beauty from $450.00 to $435.00 and set an outperform rating for the company in a research report on Friday. Piper Sandler restated a neutral rating and issued a $356.00 target price (down from $404.00) on shares of Ulta Beauty in a research report on Friday. Raymond James lowered Ulta Beauty from a strong-buy rating to an outperform rating and reduced their price target for the stock from $500.00 to $450.00 in a research report on Friday. Finally, The Goldman Sachs Group lowered their price target on Ulta Beauty from $475.00 to $412.00 and set a neutral rating on the stock in a report on Monday, August 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Ulta Beauty presently has a consensus rating of Moderate Buy and a consensus target price of $436.83.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $352.84 on Friday. Ulta Beauty has a 1 year low of $318.17 and a 1 year high of $574.76. The firm’s 50-day moving average is $372.83 and its 200-day moving average is $427.31. The company has a market cap of $16.84 billion, a P/E ratio of 13.76, a PEG ratio of 1.75 and a beta of 1.37.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the previous year, the company posted $6.02 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, sell-side analysts predict that Ulta Beauty will post 25.48 earnings per share for the current year.

Insider Activity

In related news, Director Catherine Ann Halligan sold 100 shares of Ulta Beauty stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the transaction, the director now directly owns 2,017 shares in the company, valued at approximately $786,791.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Jodi J. Caro sold 650 shares of the business’s stock in a transaction that occurred on 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 owns 6,801 shares in the company, valued at $2,643,412.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total transaction of $39,008.00. Following the completion of the sale, the director now owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Institutional Trading of Ulta Beauty

Several large investors have recently added to or reduced their stakes in the company. Nvwm LLC boosted its position in shares of Ulta Beauty by 2.1% in the fourth quarter. Nvwm LLC now owns 1,043 shares of the specialty retailer’s stock worth $511,000 after buying an additional 21 shares during the period. Manchester Capital Management LLC lifted its stake in Ulta Beauty by 41.2% in the 4th quarter. Manchester Capital Management LLC now owns 72 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 21 shares in the last quarter. Nkcfo LLC boosted its position in Ulta Beauty by 14.4% during the 4th quarter. Nkcfo LLC now owns 183 shares of the specialty retailer’s stock worth $90,000 after acquiring an additional 23 shares during the period. Janiczek Wealth Management LLC grew its stake in Ulta Beauty by 32.5% during the 1st quarter. Janiczek Wealth Management LLC now owns 102 shares of the specialty retailer’s stock valued at $53,000 after acquiring an additional 25 shares in the last quarter. Finally, Bfsg LLC increased its holdings in shares of Ulta Beauty by 0.4% in the 1st quarter. Bfsg LLC now owns 6,284 shares of the specialty retailer’s stock valued at $3,286,000 after purchasing an additional 26 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

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.