Ulta Beauty, Inc. (NASDAQ:ULTA – Get Free Report) insider Anita Jane Ryan sold 3,102 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $525.25, for a total value of $1,629,325.50. Following the sale, the insider now owns 2,705 shares of the company’s stock, valued at approximately $1,420,801.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Ulta Beauty Trading Down 0.6 %
ULTA opened at $520.37 on Friday. Ulta Beauty, Inc. has a 12-month low of $368.02 and a 12-month high of $574.76. The firm has a market capitalization of $25.27 billion, a PE ratio of 19.98, a P/E/G ratio of 2.07 and a beta of 1.31. The firm has a 50 day moving average of $522.24 and a two-hundred day moving average of $458.67.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last posted its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.49 by $0.59. Ulta Beauty had a net margin of 11.52% and a return on equity of 61.64%. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.53 billion. During the same period last year, the firm posted $6.68 EPS. Ulta Beauty’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, analysts predict that Ulta Beauty, Inc. will post 26.94 EPS for the current fiscal year.
Ulta Beauty declared that its board has initiated a share repurchase program on Thursday, March 14th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the specialty retailer to purchase up to 7.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
Analyst Ratings Changes
Several equities analysts have weighed in on ULTA shares. UBS Group raised their price target on Ulta Beauty from $575.00 to $690.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Telsey Advisory Group restated an “outperform” rating and set a $600.00 price target on shares of Ulta Beauty in a report on Friday, March 15th. Loop Capital raised their price target on Ulta Beauty from $530.00 to $540.00 and gave the company a “hold” rating in a report on Friday, March 15th. Evercore ISI cut their price target on Ulta Beauty from $656.00 to $635.00 and set an “outperform” rating for the company in a report on Friday, March 15th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $595.00 price objective on shares of Ulta Beauty in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Ulta Beauty has a consensus rating of “Moderate Buy” and a consensus target price of $579.81.
Check Out Our Latest Stock Report on Ulta Beauty
Hedge Funds Weigh In On Ulta Beauty
Institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its holdings in shares of Ulta Beauty by 39.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 26,323 shares of the specialty retailer’s stock valued at $12,898,000 after purchasing an additional 7,425 shares in the last quarter. Wahed Invest LLC increased its holdings in shares of Ulta Beauty by 6.5% during the 4th quarter. Wahed Invest LLC now owns 835 shares of the specialty retailer’s stock valued at $409,000 after purchasing an additional 51 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Ulta Beauty by 3.4% during the 4th quarter. Wellington Management Group LLP now owns 10,130 shares of the specialty retailer’s stock valued at $4,964,000 after purchasing an additional 334 shares in the last quarter. Processus Wealth & Capital Management LLC purchased a new position in shares of Ulta Beauty during the 4th quarter valued at approximately $1,746,000. Finally, Congress Asset Management Co. MA increased its holdings in shares of Ulta Beauty by 0.5% during the 4th quarter. Congress Asset Management Co. MA now owns 255,014 shares of the specialty retailer’s stock valued at $124,954,000 after purchasing an additional 1,158 shares in the last quarter. 92.30% of the stock is owned by hedge funds and other institutional investors.
Ulta Beauty Company Profile
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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