Shares of Ulta Beauty Inc (NASDAQ:ULTA) traded up 6.4% during mid-day trading on Monday . The stock traded as high as $268.88 and last traded at $260.00. 5,311,465 shares changed hands during mid-day trading, an increase of 415% from the average session volume of 1,030,770 shares. The stock had previously closed at $244.41.

Several analysts recently issued reports on the company. BMO Capital Markets boosted their price target on Ulta Beauty from $220.00 to $230.00 and gave the company a “market perform” rating in a research note on Friday, June 1st. BidaskClub upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Thursday, July 12th. OTR Global downgraded Ulta Beauty to a “positive” rating in a research note on Wednesday, August 22nd. Piper Jaffray Companies set a $268.00 price target on Ulta Beauty and gave the company a “buy” rating in a research note on Tuesday, May 29th. Finally, Stifel Nicolaus dropped their price objective on Ulta Beauty from $250.00 to $245.00 and set a “hold” rating for the company in a report on Friday, August 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Ulta Beauty presently has a consensus rating of “Buy” and an average target price of $265.52.

The firm has a market cap of $15.54 billion, a price-to-earnings ratio of 32.08, a price-to-earnings-growth ratio of 1.29 and a beta of 0.72.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 30th. The specialty retailer reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.05. Ulta Beauty had a return on equity of 33.29% and a net margin of 9.91%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. equities research analysts predict that Ulta Beauty Inc will post 10.83 EPS for the current fiscal year.

In other news, Director Dennis K. Eck sold 10,900 shares of the business’s stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $250.57, for a total transaction of $2,731,213.00. Following the completion of the transaction, the director now owns 386,794 shares of the company’s stock, valued at approximately $96,918,972.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis K. Eck sold 3,500 shares of the business’s stock in a transaction on Friday, June 22nd. The stock was sold at an average price of $251.53, for a total value of $880,355.00. Following the transaction, the director now directly owns 380,294 shares of the company’s stock, valued at approximately $95,655,349.82. The disclosure for this sale can be found here. Insiders have sold a total of 73,000 shares of company stock valued at $18,326,172 in the last three months. 5.60% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN raised its holdings in shares of Ulta Beauty by 4.1% during the 2nd quarter. Wells Fargo & Company MN now owns 743,233 shares of the specialty retailer’s stock worth $173,515,000 after buying an additional 29,590 shares in the last quarter. Capital One National Association acquired a new position in shares of Ulta Beauty during the 2nd quarter worth $205,000. Atria Investments LLC acquired a new position in shares of Ulta Beauty during the 2nd quarter worth $1,567,000. Emerald Advisers Inc. PA acquired a new position in shares of Ulta Beauty during the 2nd quarter worth $1,141,000. Finally, Exane Derivatives acquired a new position in Ulta Beauty in the 2nd quarter worth about $1,121,000. 90.07% of the stock is owned by institutional investors.

About Ulta Beauty (NASDAQ:ULTA)

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

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