Ulta Beauty (NASDAQ:ULTA) Given New $385.00 Price Target at BMO Capital Markets

Ulta Beauty (NASDAQ:ULTA) had its price objective lowered by BMO Capital Markets from $500.00 to $385.00 in a report released on Friday morning, Benzinga reports. The brokerage currently has a market perform rating on the specialty retailer’s stock.

A number of other analysts have also recently weighed in on ULTA. Canaccord Genuity Group decreased their price objective on Ulta Beauty from $522.00 to $500.00 and set a buy rating for the company in a research report on Tuesday. Evercore ISI lowered their price objective on shares of Ulta Beauty from $500.00 to $430.00 and set an outperform rating on the stock in a research report on Monday, August 26th. JPMorgan Chase & Co. boosted their price objective on shares of Ulta Beauty from $530.00 to $544.00 and gave the company an overweight rating in a research note on Friday, May 31st. Jefferies Financial Group reduced their target price on shares of Ulta Beauty from $438.00 to $412.00 and set a hold rating for the company in a research note on Friday, May 24th. Finally, Telsey Advisory Group reiterated an outperform rating and set a $500.00 price target on shares of Ulta Beauty in a research note on Monday, August 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $436.83.

Ulta Beauty Price Performance

ULTA stock opened at $352.84 on Friday. The company has a market cap of $16.84 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 1.75 and a beta of 1.37. The company has a fifty day moving average price of $372.83 and a 200 day moving average price of $427.31. Ulta Beauty has a 12 month low of $318.17 and a 12 month high of $574.76.

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

Insider Activity at Ulta Beauty

In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of Ulta Beauty stock in a transaction dated 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 transaction, the director now owns 2,017 shares in the company, valued at $786,791.36. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Ulta Beauty news, insider Jodi J. Caro sold 650 shares of the stock in a transaction on Tuesday, June 25th. The stock was 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 approximately $2,643,412.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Catherine Ann Halligan sold 100 shares of the business’s 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 completion of the transaction, the director now directly owns 2,017 shares of the company’s stock, valued at $786,791.36. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.

Institutional Trading of Ulta Beauty

Large investors have recently made changes to their positions in the stock. UMB Bank n.a. lifted its holdings in Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 30 shares in the last quarter. Vima LLC acquired a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $27,000. Riverview Trust Co purchased a new position in shares of Ulta Beauty during the first quarter valued at approximately $30,000. Sound Income Strategies LLC boosted its position in Ulta Beauty by 490.0% during the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 49 shares during the last quarter. Finally, LRI Investments LLC purchased a new stake in Ulta Beauty in the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

About Ulta Beauty

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.