TD Cowen Trims Ulta Beauty (NASDAQ:ULTA) Target Price to $395.00

Ulta Beauty (NASDAQ:ULTA) had its target price cut by TD Cowen from $500.00 to $395.00 in a research note released on Friday morning, Benzinga reports. They currently have a buy rating on the specialty retailer’s stock.

Other analysts have also issued reports about the stock. Oppenheimer reduced their price objective on shares of Ulta Beauty from $450.00 to $435.00 and set an outperform rating for the company in a research note on Friday. The Goldman Sachs Group reduced their price target on shares of Ulta Beauty from $475.00 to $412.00 and set a neutral rating for the company in a research report on Monday, August 12th. Stifel Nicolaus lowered their price objective on Ulta Beauty from $475.00 to $385.00 and set a hold rating on the stock in a research report on Friday. Barclays cut their target price on Ulta Beauty from $394.00 to $355.00 and set an equal weight rating on the stock in a research note on Friday, June 28th. Finally, Evercore ISI decreased their price target on Ulta Beauty from $500.00 to $430.00 and set an outperform rating for the company in a research note on Monday, August 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $434.65.

Ulta Beauty Stock Down 4.0 %

ULTA stock opened at $352.84 on Friday. The business has a 50 day moving average of $371.48 and a 200 day moving average of $423.42. The firm has a market cap of $16.63 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 2.04 and a beta of 1.31. Ulta Beauty has a twelve month low of $318.17 and a twelve month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same period in the prior year, the company posted $6.02 earnings per share. The company’s revenue was up .9% on a year-over-year basis. On average, research analysts expect that Ulta Beauty will post 23.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Ulta Beauty

In related news, 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 transaction, the insider now directly owns 6,801 shares of the company’s stock, valued at approximately $2,643,412.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Jodi J. Caro sold 650 shares of Ulta Beauty stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total transaction of $252,642.00. Following the transaction, the insider now directly owns 6,801 shares of the company’s stock, valued at approximately $2,643,412.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Catherine Ann Halligan sold 100 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $786,791.36. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.

Institutional Trading of Ulta Beauty

Several institutional investors and hedge funds have recently modified their holdings of the company. Brown Financial Advisors bought a new position in Ulta Beauty in the 2nd quarter worth $268,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Ulta Beauty in the second quarter valued at about $124,000. Dana Investment Advisors Inc. lifted its position in shares of Ulta Beauty by 9.9% in the second quarter. Dana Investment Advisors Inc. now owns 757 shares of the specialty retailer’s stock valued at $292,000 after acquiring an additional 68 shares in the last quarter. Aristides Capital LLC bought a new position in shares of Ulta Beauty in the second quarter worth about $386,000. Finally, Granite Bay Wealth Management LLC purchased a new stake in shares of Ulta Beauty during the second quarter worth about $538,000. 90.39% of the stock is currently owned by institutional investors.

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.