A number of other brokerages have also recently issued reports on ULTA. Citigroup boosted their target price on shares of Ulta Beauty from $393.00 to $425.00 and gave the company a “neutral” rating in a research report on Tuesday, May 31st. Jefferies Financial Group raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and boosted their target price for the company from $400.00 to $475.00 in a research report on Friday, May 27th. Robert W. Baird boosted their target price on shares of Ulta Beauty from $450.00 to $490.00 and gave the company an “outperform” rating in a research report on Friday, May 27th. Barclays boosted their target price on shares of Ulta Beauty from $469.00 to $491.00 and gave the company an “overweight” rating in a research report on Tuesday, May 31st. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Ulta Beauty from $522.00 to $466.00 in a research note on Wednesday, May 25th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Ulta Beauty currently has an average rating of “Moderate Buy” and a consensus target price of $458.38.
ULTA stock traded down $0.31 during midday trading on Thursday, reaching $395.91. 649,865 shares of the company were exchanged, compared to its average volume of 779,653. The business has a 50-day moving average price of $397.65 and a two-hundred day moving average price of $388.11. Ulta Beauty has a one year low of $319.05 and a one year high of $438.63. The firm has a market capitalization of $20.52 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 1.88 and a beta of 1.54.
In related news, COO Kecia Steelman sold 13,199 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $405.02, for a total transaction of $5,345,858.98. Following the completion of the sale, the chief operating officer now owns 16,627 shares of the company’s stock, valued at $6,734,267.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George R. Mrkonic, Jr. sold 476 shares of Ulta Beauty stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $391.84, for a total value of $186,515.84. Following the completion of the sale, the director now owns 2,393 shares of the company’s stock, valued at $937,673.12. The disclosure for this sale can be found here. Insiders have sold a total of 46,207 shares of company stock valued at $19,411,502 in the last three months. Insiders own 2.00% of the company’s stock.
Several hedge funds have recently made changes to their positions in ULTA. Toroso Investments LLC grew its stake in shares of Ulta Beauty by 35.8% in the 3rd quarter. Toroso Investments LLC now owns 1,055 shares of the specialty retailer’s stock valued at $382,000 after buying an additional 278 shares during the period. Cetera Advisor Networks LLC boosted its holdings in Ulta Beauty by 9.1% in the third quarter. Cetera Advisor Networks LLC now owns 2,213 shares of the specialty retailer’s stock worth $799,000 after acquiring an additional 185 shares in the last quarter. Colony Group LLC bought a new position in Ulta Beauty in the third quarter worth approximately $1,200,000. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Ulta Beauty in the third quarter worth approximately $505,000. Finally, National Pension Service boosted its holdings in Ulta Beauty by 7.8% in the third quarter. National Pension Service now owns 93,910 shares of the specialty retailer’s stock worth $33,894,000 after acquiring an additional 6,784 shares in the last quarter. 89.20% of the stock is owned by institutional investors.
About Ulta Beauty (Get Rating)
Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.
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