Ulta Beauty (NASDAQ:ULTA) PT Lowered to $525.00

Ulta Beauty (NASDAQ:ULTAGet Free Report) had its price target reduced by Robert W. Baird from $625.00 to $525.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the specialty retailer’s stock. Robert W. Baird’s price target would suggest a potential upside of 36.16% from the stock’s previous close.

ULTA has been the subject of several other reports. Loop Capital raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $540.00 price objective for the company in a report on Monday, April 8th. Canaccord Genuity Group decreased their price objective on shares of Ulta Beauty from $575.00 to $522.00 and set a “buy” rating for the company in a report on Wednesday. TD Cowen cut their target price on shares of Ulta Beauty from $580.00 to $520.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Telsey Advisory Group cut their target price on shares of Ulta Beauty from $600.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, May 24th. Finally, Bank of America cut their target price on shares of Ulta Beauty from $575.00 to $425.00 and set a “neutral” rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $518.52.

Check Out Our Latest Research Report on ULTA

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock opened at $385.58 on Wednesday. The company has a 50-day simple moving average of $426.82 and a two-hundred day simple moving average of $470.07. Ulta Beauty has a 52-week low of $368.02 and a 52-week high of $574.76. The stock has a market capitalization of $18.48 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 1.59 and a beta of 1.36.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last released its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share for the quarter, beating the consensus estimate of $6.26 by $0.21. Ulta Beauty had a net margin of 11.52% and a return on equity of 61.64%. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the previous year, the company earned $6.88 earnings per share. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, equities research analysts forecast that Ulta Beauty will post 26.3 EPS for the current fiscal year.

Ulta Beauty declared that its Board of Directors has authorized a share buyback program on Thursday, March 14th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the specialty retailer to buy up to 7.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Anita Jane Ryan sold 3,102 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $525.25, for a total transaction of $1,629,325.50. Following the completion of the transaction, the insider now owns 2,705 shares in the company, valued at $1,420,801.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Anita Jane Ryan sold 3,102 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $525.25, for a total transaction of $1,629,325.50. Following the sale, the insider now owns 2,705 shares of the company’s stock, valued at $1,420,801.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Kecia Steelman sold 20,950 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $526.39, for a total transaction of $11,027,870.50. Following the sale, the chief operating officer now directly owns 10,494 shares in the company, valued at approximately $5,523,936.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,552 shares of company stock worth $12,920,326. 0.39% of the stock is owned by insiders.

Institutional Investors Weigh In On Ulta Beauty

A number of hedge funds have recently bought and sold shares of ULTA. Turtle Creek Wealth Advisors LLC purchased a new stake in Ulta Beauty during the fourth quarter valued at $25,000. Loomis Sayles & Co. L P raised its stake in shares of Ulta Beauty by 364.3% in the third quarter. Loomis Sayles & Co. L P now owns 65 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 51 shares during the period. Vima LLC purchased a new stake in shares of Ulta Beauty in the fourth quarter valued at $27,000. BKM Wealth Management LLC purchased a new stake in shares of Ulta Beauty in the fourth quarter valued at $28,000. Finally, VisionPoint Advisory Group LLC raised its stake in shares of Ulta Beauty by 7,300.0% in the third quarter. VisionPoint Advisory Group LLC now owns 74 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 73 shares during the period. Hedge funds and other institutional investors 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.

Read More

Analyst Recommendations for Ulta Beauty (NASDAQ:ULTA)

Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.