Ulta Beauty (ULTA) Trading 6.4% Higher
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.
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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