Ulta Beauty, Inc. (NASDAQ:ULTA) Insider Jodi J. Caro Sells 902 Shares

Ulta Beauty, Inc. (NASDAQ:ULTA) insider Jodi J. Caro sold 902 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the sale, the insider now owns 7,632 shares of the company’s stock, valued at approximately $2,817,429.12. This represents a 10.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock traded up $8.60 on Wednesday, reaching $382.51. 797,100 shares of the company traded hands, compared to its average volume of 1,061,801. The company has a 50 day moving average of $371.93 and a 200 day moving average of $386.33. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $528.80. The firm has a market capitalization of $17.74 billion, a PE ratio of 15.31, a PEG ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, topping analysts’ consensus estimates of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the business earned $8.08 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. As a group, analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ULTA shares. UBS Group lifted their price target on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Wells Fargo & Company reduced their price objective on shares of Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating for the company in a report on Friday, March 14th. Citigroup lowered their target price on shares of Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, Morgan Stanley decreased their price objective on Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating for the company in a report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $427.61.

Hedge Funds Weigh In On Ulta Beauty

Several hedge funds have recently made changes to their positions in the stock. Capital World Investors purchased a new stake in Ulta Beauty during the 4th quarter worth about $430,674,000. Norges Bank bought a new stake in shares of Ulta Beauty during the fourth quarter valued at about $239,432,000. Marshall Wace LLP lifted its holdings in shares of Ulta Beauty by 10,336.7% in the fourth quarter. Marshall Wace LLP now owns 459,110 shares of the specialty retailer’s stock worth $199,681,000 after buying an additional 454,711 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $73,780,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $58,074,000. 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.