Ulta Beauty (NASDAQ:ULTA) PT Lowered to $385.00 at Stifel Nicolaus

Ulta Beauty (NASDAQ:ULTA) had its price objective lowered by Stifel Nicolaus from $475.00 to $385.00 in a report issued on Friday morning, Benzinga reports. The firm currently has a hold rating on the specialty retailer’s stock.

Several other analysts have also recently commented on ULTA. Deutsche Bank Aktiengesellschaft lowered their target price on Ulta Beauty from $552.00 to $448.00 and set a buy rating on the stock in a research report on Wednesday, August 28th. Bank of America lowered their price target on Ulta Beauty from $425.00 to $380.00 and set a neutral rating on the stock in a research report on Friday. Wells Fargo & Company lowered their price target on Ulta Beauty from $325.00 to $300.00 and set an underweight rating on the stock in a research report on Friday. Citigroup lowered their price target on Ulta Beauty from $400.00 to $375.00 and set a neutral rating on the stock in a research report on Friday, August 23rd. Finally, Oppenheimer lowered their price target on Ulta Beauty from $450.00 to $435.00 and set an outperform rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $436.83.

Ulta Beauty Trading Down 4.0 %

Shares of Ulta Beauty stock opened at $352.84 on Friday. The business’s 50 day simple moving average is $372.21 and its 200-day simple moving average is $425.38. The stock has a market capitalization of $16.84 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 1.86 and a beta of 1.37. Ulta Beauty has a twelve month low of $318.17 and a twelve month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.91%. The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the prior year, the business earned $6.02 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. Sell-side analysts predict that Ulta Beauty will post 23.03 earnings per share for the current year.

Insider Transactions at Ulta Beauty

In related news, insider Jodi J. Caro sold 650 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total transaction of $252,642.00. Following the completion of the sale, the insider now directly owns 6,801 shares in the company, valued at $2,643,412.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Catherine Ann Halligan sold 100 shares of the 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 completion of the sale, the director now directly owns 2,017 shares in the company, valued at $786,791.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jodi J. Caro sold 650 shares of the 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 sale, the insider now owns 6,801 shares of the company’s stock, 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 Trading of Ulta Beauty

Several hedge funds and other institutional investors have recently modified their holdings of the company. TD Asset Management Inc raised its holdings in shares of Ulta Beauty by 14.1% during the second quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock worth $239,545,000 after acquiring an additional 76,721 shares in the last quarter. Norges Bank bought a new position in Ulta Beauty during the fourth quarter valued at about $263,192,000. Boston Partners raised its holdings in Ulta Beauty by 47.7% during the first quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock valued at $246,862,000 after buying an additional 153,727 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Ulta Beauty by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 422,801 shares of the specialty retailer’s stock valued at $163,149,000 after buying an additional 24,822 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in Ulta Beauty by 1.2% during the first quarter. Bessemer Group Inc. now owns 357,503 shares of the specialty retailer’s stock valued at $186,933,000 after buying an additional 4,344 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Company Profile

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.