Ulta Beauty, Inc. (NASDAQ:ULTA) Given Average Rating of “Hold” by Analysts

Ulta Beauty, Inc. (NASDAQ:ULTA) has earned a consensus rating of “Hold” from the twenty-five research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $427.17.

A number of analysts recently commented on ULTA shares. The Goldman Sachs Group upgraded shares of Ulta Beauty from a “neutral” rating to a “buy” rating and upped their price target for the company from $384.00 to $423.00 in a research note on Tuesday, April 1st. Piper Sandler dropped their target price on Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. BMO Capital Markets cut their price target on Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating for the company in a report on Friday, March 14th. Telsey Advisory Group reiterated an “outperform” rating and set a $500.00 price objective on shares of Ulta Beauty in a research note on Monday, March 10th. Finally, B. Riley cut their target price on Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, March 14th.

Insider Activity at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the transaction, the insider now owns 7,632 shares of the company’s stock, valued at approximately $2,817,429.12. This trade represents a 10.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.39% of the stock is owned by insiders.

Institutional Investors Weigh In On Ulta Beauty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ULTA. Keynote Financial Services LLC raised its position in shares of Ulta Beauty by 4.1% in the 1st quarter. Keynote Financial Services LLC now owns 1,992 shares of the specialty retailer’s stock worth $730,000 after acquiring an additional 78 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of Ulta Beauty in the first quarter worth about $307,000. Charles Schwab Investment Management Inc. lifted its position in shares of Ulta Beauty by 3.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 332,272 shares of the specialty retailer’s stock valued at $121,791,000 after buying an additional 12,334 shares in the last quarter. ASR Vermogensbeheer N.V. purchased a new stake in Ulta Beauty in the 1st quarter worth approximately $983,000. Finally, Citizens Financial Group Inc. RI increased its holdings in Ulta Beauty by 5.0% in the 1st quarter. Citizens Financial Group Inc. RI now owns 2,219 shares of the specialty retailer’s stock worth $813,000 after acquiring an additional 105 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Price Performance

Shares of ULTA opened at $393.17 on Friday. Ulta Beauty has a 1 year low of $309.01 and a 1 year high of $460.00. The stock’s fifty day moving average price is $364.49 and its two-hundred day moving average price is $384.12. The firm has a market cap of $17.75 billion, a PE ratio of 15.73, a PEG ratio of 0.89 and a beta of 1.06.

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

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.