Ulta Beauty (NASDAQ:ULTA) Director Sells $264,215.00 in Stock

Ulta Beauty Inc. (NASDAQ:ULTA) Director Mike Smith sold 500 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $528.43, for a total value of $264,215.00. Following the transaction, the director owned 2,263 shares in the company, valued at $1,195,837.09. The trade was a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Ulta Beauty Stock Up 0.3%

ULTA opened at $515.47 on Thursday. The stock’s fifty day moving average is $507.45 and its two-hundred day moving average is $435.24. The company has a market capitalization of $23.11 billion, a P/E ratio of 19.76, a PEG ratio of 2.83 and a beta of 1.06. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $539.00.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, topping the consensus estimate of $5.03 by $0.75. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.66 billion. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.Ulta Beauty’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the business posted $5.30 EPS. Equities analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Institutional Trading of Ulta Beauty

A number of institutional investors have recently made changes to their positions in ULTA. Captrust Financial Advisors boosted its position in shares of Ulta Beauty by 6.8% in the 4th quarter. Captrust Financial Advisors now owns 2,255 shares of the specialty retailer’s stock worth $981,000 after purchasing an additional 143 shares in the last quarter. Interval Partners LP acquired a new stake in shares of Ulta Beauty in the 4th quarter worth $2,724,000. LRT Capital Management LLC acquired a new stake in Ulta Beauty during the 4th quarter worth about $333,000. LMR Partners LLP acquired a new stake in Ulta Beauty during the 4th quarter worth about $22,529,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Ulta Beauty by 174.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,310 shares of the specialty retailer’s stock worth $6,224,000 after acquiring an additional 9,096 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on ULTA. Bank of America raised their price objective on Ulta Beauty from $500.00 to $575.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Robert W. Baird lifted their price target on Ulta Beauty from $575.00 to $600.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Raymond James Financial reiterated an “outperform” rating and issued a $605.00 price target (up from $580.00) on shares of Ulta Beauty in a report on Friday, August 29th. Truist Financial lifted their price target on Ulta Beauty from $364.00 to $386.00 and gave the company a “neutral” rating in a report on Thursday, May 15th. Finally, Barclays lifted their price target on Ulta Beauty from $589.00 to $617.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Ulta Beauty presently has an average rating of “Moderate Buy” and an average target price of $543.13.

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.