Ulta Beauty (NASDAQ:ULTA) Price Target Cut to $345.00

Ulta Beauty (NASDAQ:ULTA) had its price target reduced by Citigroup from $375.00 to $345.00 in a research note issued to investors on Friday, Benzinga reports. They currently have a neutral rating on the specialty retailer’s stock.

ULTA has been the topic of several other research reports. UBS Group dropped their target price on shares of Ulta Beauty from $550.00 to $505.00 and set a buy rating on the stock in a research note on Friday. Bank of America lowered their price objective on Ulta Beauty from $425.00 to $380.00 and set a neutral rating on the stock in a research report on Friday. TD Cowen reduced their target price on Ulta Beauty from $500.00 to $395.00 and set a buy rating for the company in a report on Friday. BMO Capital Markets lowered their price target on Ulta Beauty from $500.00 to $385.00 and set a market perform rating on the stock in a report on Friday. Finally, Jefferies Financial Group dropped their price objective on Ulta Beauty from $438.00 to $412.00 and set a hold rating on the stock in a research report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Ulta Beauty has a consensus rating of Moderate Buy and a consensus target price of $436.83.

Ulta Beauty Trading Down 4.0 %

NASDAQ:ULTA opened at $352.84 on Friday. Ulta Beauty has a 12 month low of $318.17 and a 12 month high of $574.76. The company has a 50-day moving average price of $372.83 and a 200-day moving average price of $427.31. The stock has a market cap of $16.84 billion, a price-to-earnings ratio of 13.76, a P/E/G ratio of 1.75 and a beta of 1.37.

Ulta Beauty (NASDAQ:ULTA) last released 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). The company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The company’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $6.02 earnings per share. Equities analysts forecast that Ulta Beauty will post 25.48 EPS for the current fiscal year.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 650 shares of the company’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total value of $252,642.00. Following the completion of the sale, the insider now owns 6,801 shares in the company, valued at $2,643,412.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Ulta Beauty news, insider Jodi J. Caro sold 650 shares of the company’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 value of $252,642.00. Following the completion of the transaction, the insider now directly owns 6,801 shares in the company, valued at $2,643,412.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Catherine Ann Halligan sold 100 shares of the stock in a transaction on Tuesday, July 2nd. The stock was 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 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 currently owned by corporate insiders.

Institutional Investors Weigh In On Ulta Beauty

Institutional investors and hedge funds have recently bought and sold shares of the business. Vima LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter worth about $27,000. Riverview Trust Co bought a new position in Ulta Beauty in the 1st quarter worth approximately $30,000. Sound Income Strategies LLC grew its holdings in Ulta Beauty by 490.0% during the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 49 shares in the last quarter. LRI Investments LLC bought a new stake in shares of Ulta Beauty during the first quarter valued at approximately $31,000. Finally, UMB Bank n.a. raised its position in shares of Ulta Beauty by 83.3% during the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 30 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

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.