Ulta Beauty (NASDAQ:ULTA) Given New $430.00 Price Target at Evercore ISI

Ulta Beauty (NASDAQ:ULTA) had its price objective trimmed by Evercore ISI from $500.00 to $430.00 in a report published on Monday, Benzinga reports. The brokerage currently has an outperform rating on the specialty retailer’s stock.

Several other analysts also recently commented on ULTA. Bank of America lowered their price objective on Ulta Beauty from $575.00 to $425.00 and set a neutral rating for the company in a research note on Tuesday, May 28th. StockNews.com raised Ulta Beauty from a sell rating to a hold rating in a research note on Thursday, July 18th. JPMorgan Chase & Co. upped their target price on Ulta Beauty from $530.00 to $544.00 and gave the company an overweight rating in a report on Friday, May 31st. TD Cowen reduced their target price on Ulta Beauty from $520.00 to $500.00 and set a buy rating for the company in a report on Friday, May 31st. Finally, Oppenheimer reaffirmed an outperform rating and issued a $450.00 target price on shares of Ulta Beauty in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $480.22.

Ulta Beauty Stock Down 1.2 %

Shares of Ulta Beauty stock opened at $366.82 on Monday. The company has a market cap of $17.50 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 1.75 and a beta of 1.37. Ulta Beauty has a 52 week low of $318.17 and a 52 week high of $574.76. The business has a 50 day moving average price of $373.05 and a 200-day moving average price of $427.73.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $6.47 EPS for the quarter, topping the consensus estimate of $6.19 by $0.28. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.72 billion. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $6.88 earnings per share. As a group, research analysts anticipate that Ulta Beauty will post 25.48 EPS for the current year.

Insider Transactions at Ulta Beauty

In other news, Director Catherine Ann Halligan sold 100 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the completion of the transaction, the director now directly owns 2,017 shares of the company’s stock, valued at $786,791.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Catherine Ann Halligan sold 100 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the completion of the transaction, the director now directly owns 2,017 shares of the company’s stock, valued at $786,791.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jodi J. Caro sold 650 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total value of $252,642.00. Following the completion of the transaction, the insider now directly owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

Institutional Investors Weigh In On Ulta Beauty

A number of institutional investors and hedge funds have recently made changes to their positions in ULTA. Norges Bank purchased a new stake in shares of Ulta Beauty in the fourth quarter worth $263,192,000. Global Assets Advisory LLC purchased a new stake in shares of Ulta Beauty in the first quarter worth $176,753,000. TD Asset Management Inc raised its position in shares of Ulta Beauty by 177.8% in the fourth quarter. TD Asset Management Inc now owns 407,347 shares of the specialty retailer’s stock worth $199,596,000 after buying an additional 260,740 shares in the last quarter. Los Angeles Capital Management LLC raised its position in shares of Ulta Beauty by 210.4% in the first quarter. Los Angeles Capital Management LLC now owns 271,550 shares of the specialty retailer’s stock worth $141,988,000 after buying an additional 184,060 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Ulta Beauty by 87.3% in the second quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer’s stock worth $130,380,000 after buying an additional 157,497 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

About Ulta Beauty

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.