Deutsche Bank Aktiengesellschaft Lowers Ulta Beauty (NASDAQ:ULTA) Price Target to $448.00

Ulta Beauty (NASDAQ:ULTA) had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $552.00 to $448.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 20.64% from the company’s previous close.

Several other equities analysts have also weighed in on the company. Barclays cut their price target on Ulta Beauty from $394.00 to $355.00 and set an “equal weight” rating for the company in a research note on Friday, June 28th. TD Cowen cut their price target on Ulta Beauty from $520.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Piper Sandler lowered Ulta Beauty from an “overweight” rating to a “neutral” rating and cut their price target for the company from $494.00 to $404.00 in a research note on Wednesday, July 24th. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Finally, Oppenheimer restated an “outperform” rating and issued a $450.00 price target on shares of Ulta Beauty in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $480.22.

Ulta Beauty Stock Down 1.0 %

Shares of ULTA stock opened at $371.35 on Wednesday. The stock has a market cap of $17.72 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 1.73 and a beta of 1.37. The business has a 50-day simple moving average of $373.59 and a 200-day simple moving average of $429.22. Ulta Beauty has a 52-week low of $318.17 and a 52-week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.19 by $0.28. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.88 EPS. Sell-side analysts anticipate that Ulta Beauty will post 25.62 earnings per share for the current fiscal year.

Insider Activity at Ulta Beauty

In related news, insider Jodi J. Caro sold 650 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 6,801 shares in the company, valued at $2,643,412.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total transaction of $39,008.00. Following the transaction, the director now directly owns 2,017 shares in the company, valued at $786,791.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jodi J. Caro sold 650 shares of the company’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 transaction, the insider now owns 6,801 shares in the company, valued at $2,643,412.68. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in Ulta Beauty by 83.3% during the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 30 shares in the last quarter. Vima LLC acquired a new position in Ulta Beauty during the fourth quarter worth $27,000. Riverview Trust Co acquired a new position in Ulta Beauty during the first quarter worth $30,000. Sound Income Strategies LLC lifted its stake in Ulta Beauty by 490.0% during the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 49 shares in the last quarter. Finally, LRI Investments LLC purchased a new stake in shares of Ulta Beauty during the first quarter worth $31,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.