Ulta Beauty (NASDAQ:ULTA) Given New $385.00 Price Target at Stifel Nicolaus

Ulta Beauty (NASDAQ:ULTA) had its price target decreased by Stifel Nicolaus from $475.00 to $385.00 in a research report report published on Friday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the specialty retailer’s stock.

Several other equities research analysts also recently commented on ULTA. Wells Fargo & Company decreased their target price on shares of Ulta Beauty from $325.00 to $300.00 and set an underweight rating for the company in a research report on Friday. Piper Sandler lowered shares of Ulta Beauty from an overweight rating to a neutral rating and reduced their target price for the stock from $494.00 to $404.00 in a research note on Wednesday, July 24th. Raymond James cut shares of Ulta Beauty from a strong-buy rating to an outperform rating and cut their price target for the stock from $500.00 to $450.00 in a report on Friday. StockNews.com raised Ulta Beauty from a sell rating to a hold rating in a report on Thursday, July 18th. Finally, Telsey Advisory Group restated an outperform rating and issued a $500.00 target price on shares of Ulta Beauty in a research note on Monday, August 26th. One equities 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 company’s stock. Based on data from MarketBeat, Ulta Beauty has a consensus rating of Moderate Buy and a consensus price target of $436.83.

Ulta Beauty Stock Performance

ULTA stock opened at $352.84 on Friday. The stock’s 50 day simple moving average is $372.83 and its 200 day simple moving average is $427.31. The company has a market cap of $16.84 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 1.75 and a beta of 1.37. Ulta Beauty has a fifty-two week low of $318.17 and a fifty-two week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the prior year, the firm earned $6.02 EPS. The company’s revenue was up .9% compared to the same quarter last year. Equities analysts predict that Ulta Beauty will post 25.48 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. TD Asset Management Inc boosted its holdings in Ulta Beauty by 14.1% during the 2nd quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock valued at $239,545,000 after acquiring an additional 76,721 shares during the period. Norges Bank bought a new stake in Ulta Beauty in the fourth quarter valued at approximately $263,192,000. Boston Partners lifted its position 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 purchasing an additional 153,727 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Ulta Beauty by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 422,801 shares of the specialty retailer’s stock valued at $163,149,000 after purchasing an additional 24,822 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of Ulta Beauty by 1.2% in the first quarter. Bessemer Group Inc. now owns 357,503 shares of the specialty retailer’s stock worth $186,933,000 after purchasing an additional 4,344 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

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.