Citigroup reissued their neutral rating on shares of Ulta Beauty (NASDAQ:ULTA - Free Report) in a report released on Friday, Marketbeat Ratings reports. The brokerage currently has a $425.00 price target on the specialty retailer's stock, up from their previous price target of $365.00.
Several other equities analysts have also recently weighed in on the company. Piper Sandler reaffirmed a "neutral" rating on shares of Ulta Beauty in a report on Thursday, May 15th. Truist Financial boosted their price target on Ulta Beauty from $364.00 to $386.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. Barclays dropped their price target on Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating for the company in a research note on Friday, March 14th. B. Riley dropped their target price on shares of Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Finally, Oppenheimer restated an "outperform" rating and issued a $465.00 target price (up from $435.00) on shares of Ulta Beauty in a research report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Ulta Beauty currently has a consensus rating of "Hold" and a consensus target price of $424.78.
View Our Latest Report on ULTA
Ulta Beauty Price Performance
ULTA stock traded down $4.30 during trading hours on Friday, reaching $417.01. The stock had a trading volume of 754,370 shares, compared to its average volume of 1,049,066. Ulta Beauty has a fifty-two week low of $309.01 and a fifty-two week high of $460.00. The stock has a market capitalization of $18.83 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06. The stock has a 50-day simple moving average of $380.28 and a 200 day simple moving average of $386.87.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.13 by $1.33. The company had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business's revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm posted $8.08 earnings per share. On average, sell-side analysts forecast that Ulta Beauty will post 23.96 EPS for the current fiscal year.
Insider Buying and Selling at Ulta Beauty
In other news, insider Jodi J. Caro sold 902 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the completion of the sale, the insider now directly owns 7,632 shares in the company, valued at $2,817,429.12. This represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.17% of the company's stock.
Institutional Investors Weigh In On Ulta Beauty
Large investors have recently added to or reduced their stakes in the business. Merit Financial Group LLC acquired a new stake in Ulta Beauty in the fourth quarter worth $405,000. LaFleur & Godfrey LLC grew its holdings in shares of Ulta Beauty by 32.1% during the fourth quarter. LaFleur & Godfrey LLC now owns 2,455 shares of the specialty retailer's stock valued at $1,068,000 after buying an additional 596 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Ulta Beauty by 53.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 2,196 shares of the specialty retailer's stock valued at $955,000 after buying an additional 764 shares during the last quarter. Simon Quick Advisors LLC acquired a new position in shares of Ulta Beauty during the fourth quarter valued at about $203,000. Finally, Advisory Alpha LLC acquired a new position in Ulta Beauty during the 4th quarter valued at about $215,000. Institutional investors and hedge funds own 90.39% of the company's stock.
About Ulta Beauty
(
Get Free Report)
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.
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