Ulta Magnificence, Inc. (NASDAQ:ULTA) Given Common Score of “Reasonable Purchase” by Brokerages
Shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $535.35.
ULTA has been the subject of several research reports. Loop Capital cut Ulta Beauty from a “buy” rating to a “hold” rating and set a $530.00 target price for the company. in a research note on Wednesday, February 14th. Robert W. Baird increased their price target on Ulta Beauty from $550.00 to $560.00 and gave the company an “outperform” rating in a research report on Friday, December 1st. Telsey Advisory Group restated an “outperform” rating and set a $600.00 price objective on shares of Ulta Beauty in a report on Monday, November 27th. Argus raised their target price on shares of Ulta Beauty from $500.00 to $545.00 and gave the stock a “buy” rating in a report on Wednesday, December 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Ulta Beauty from $535.00 to $600.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th.
Get Our Latest Stock Analysis on Ulta Beauty
Ulta Beauty Price Performance
ULTA opened at $540.22 on Monday. Ulta Beauty has a 1-year low of $368.02 and a 1-year high of $563.17. The company has a market capitalization of $26.23 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 2.26 and a beta of 1.31. The business has a 50 day moving average price of $511.05 and a two-hundred day moving average price of $451.25.
Insider Transactions at Ulta Beauty
In other Ulta Beauty news, Director Lorna Nagler sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $488.18, for a total value of $244,090.00. Following the completion of the sale, the director now directly owns 6,529 shares of the company’s stock, valued at $3,187,327.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ulta Beauty news, insider Jodi J. Caro sold 1,804 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $490.02, for a total value of $883,996.08. Following the completion of the sale, the insider now owns 5,590 shares of the company’s stock, valued at $2,739,211.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lorna Nagler sold 500 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $488.18, for a total value of $244,090.00. Following the transaction, the director now directly owns 6,529 shares in the company, valued at approximately $3,187,327.22. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.
Institutional Investors Weigh In On Ulta Beauty
A number of large investors have recently added to or reduced their stakes in the stock. Prudential PLC acquired a new stake in Ulta Beauty in the 1st quarter valued at approximately $425,000. Vanguard Group Inc. increased its stake in Ulta Beauty by 0.7% during the first quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer’s stock valued at $2,344,096,000 after acquiring an additional 40,190 shares during the period. Baird Financial Group Inc. raised its holdings in Ulta Beauty by 2.8% in the 1st quarter. Baird Financial Group Inc. now owns 8,299 shares of the specialty retailer’s stock valued at $3,305,000 after acquiring an additional 223 shares in the last quarter. Loomis Sayles & Co. L P lifted its position in shares of Ulta Beauty by 38.6% in the 1st quarter. Loomis Sayles & Co. L P now owns 1,117 shares of the specialty retailer’s stock worth $444,000 after acquiring an additional 311 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Ulta Beauty by 59.1% during the 1st quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 26 shares in the last quarter. Institutional investors own 92.30% of the company’s stock.
About Ulta Beauty
Ulta Beauty, Inc operate specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services in the United States. It offers broad assortment of branded and private label beauty products including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools; and salon services, including hair, skin, makeup, and brow services, as well as nail services.
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