Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $335.00 at Barclays

Ulta Beauty (NASDAQ:ULTA) had its price objective boosted by Barclays from $328.00 to $335.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have an equal weight rating on the specialty retailer’s stock.

Several other equities research analysts also recently weighed in on the stock. Citigroup lowered their price target on Ulta Beauty from $400.00 to $375.00 and set a neutral rating on the stock in a report on Friday, August 23rd. Wells Fargo & Company lowered their target price on Ulta Beauty from $325.00 to $300.00 and set an underweight rating on the stock in a research note on Friday. Bank of America cut their price target on Ulta Beauty from $425.00 to $380.00 and set a neutral rating for the company in a research note on Friday. Oppenheimer lowered their price objective on shares of Ulta Beauty from $450.00 to $435.00 and set an outperform rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Ulta Beauty from $530.00 to $544.00 and gave the stock an overweight rating in a research report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $436.83.

Ulta Beauty Stock Down 4.0 %

ULTA opened at $352.84 on Friday. Ulta Beauty has a 52 week low of $318.17 and a 52 week high of $574.76. The business’s 50 day moving average is $372.83 and its two-hundred day moving average is $427.31. The firm 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.

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). The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The business’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.02 earnings per share. Equities analysts expect that Ulta Beauty will post 25.48 EPS for the current fiscal 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 news, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jodi J. Caro sold 650 shares of the stock in a transaction 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 sale, the insider now directly owns 6,801 shares in the company, valued at approximately $2,643,412.68. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.

Institutional Trading of Ulta Beauty

A number of hedge funds have recently bought and sold shares of ULTA. Savant Capital LLC lifted its stake in shares of Ulta Beauty by 30.2% during the 4th quarter. Savant Capital LLC now owns 1,436 shares of the specialty retailer’s stock worth $704,000 after purchasing an additional 333 shares during the period. Great Valley Advisor Group Inc. increased its stake in Ulta Beauty by 25.7% in the fourth quarter. Great Valley Advisor Group Inc. now owns 1,334 shares of the specialty retailer’s stock valued at $654,000 after purchasing an additional 273 shares during the last quarter. First Trust Direct Indexing L.P. purchased a new position in Ulta Beauty during the fourth quarter worth about $320,000. Natixis Advisors L.P. boosted its stake in Ulta Beauty by 53.5% in the 4th quarter. Natixis Advisors L.P. now owns 70,594 shares of the specialty retailer’s stock worth $34,589,000 after buying an additional 24,608 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in Ulta Beauty by 2,481.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 87,490 shares of the specialty retailer’s stock worth $42,869,000 after buying an additional 84,101 shares during the last quarter. 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.