Mike C. Smith Sells 400 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA) Stock

Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) Director Mike C. Smith sold 400 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $521.63, for a total transaction of $208,652.00. Following the completion of the sale, the director now owns 1,531 shares of the company’s stock, valued at $798,615.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Ulta Beauty Stock Down 1.4 %

Shares of Ulta Beauty stock opened at $506.46 on Friday. Ulta Beauty, Inc. has a 52 week low of $330.80 and a 52 week high of $537.52. The business’s fifty day simple moving average is $513.72 and its 200-day simple moving average is $459.77. The firm has a market cap of $25.77 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 1.68 and a beta of 1.30.

Ulta Beauty (NASDAQ:ULTA – Get Rating) last announced its earnings results on Thursday, March 9th. The specialty retailer reported $6.68 earnings per share for the quarter, topping the consensus estimate of $5.53 by $1.15. The company had revenue of $3.23 billion during the quarter, compared to analyst estimates of $2.99 billion. Ulta Beauty had a net margin of 12.17% and a return on equity of 67.19%. Ulta Beauty’s revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm posted $5.41 earnings per share. As a group, equities analysts expect that Ulta Beauty, Inc. will post 25.23 earnings per share for the current year.

Institutional Trading of Ulta Beauty

Several institutional investors have recently added to or reduced their stakes in ULTA. Institute for Wealth Management LLC. lifted its position in shares of Ulta Beauty by 1.8% during the fourth quarter. Institute for Wealth Management LLC. now owns 1,103 shares of the specialty retailer’s stock worth $517,000 after purchasing an additional 20 shares in the last quarter. Bradley Foster & Sargent Inc. CT raised its stake in shares of Ulta Beauty by 1.6% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 1,260 shares of the specialty retailer’s stock valued at $591,000 after acquiring an additional 20 shares in the last quarter. Veriti Management LLC raised its stake in shares of Ulta Beauty by 4.1% in the fourth quarter. Veriti Management LLC now owns 556 shares of the specialty retailer’s stock valued at $261,000 after acquiring an additional 22 shares in the last quarter. Consilium Wealth Advisory LLC boosted its holdings in Ulta Beauty by 1.3% in the fourth quarter. Consilium Wealth Advisory LLC now owns 1,713 shares of the specialty retailer’s stock valued at $804,000 after purchasing an additional 22 shares during the period. Finally, Pathstone Family Office LLC grew its stake in Ulta Beauty by 0.8% during the 4th quarter. Pathstone Family Office LLC now owns 2,852 shares of the specialty retailer’s stock worth $1,338,000 after purchasing an additional 22 shares in the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

Analysts Set New Price Targets

ULTA has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ulta Beauty from $607.00 to $600.00 in a report on Wednesday, March 8th. UBS Group raised their price objective on Ulta Beauty from $540.00 to $590.00 and gave the stock a “buy” rating in a research note on Friday, December 2nd. Evercore ISI raised their price objective on Ulta Beauty from $600.00 to $650.00 in a research note on Friday, March 10th. Robert W. Baird raised their price objective on Ulta Beauty from $550.00 to $580.00 in a research note on Friday, March 10th. Finally, Stifel Nicolaus increased their price objective on shares of Ulta Beauty from $475.00 to $525.00 in a research note on Friday, March 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $555.09.

Ulta Beauty Company Profile

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Ulta Beauty, Inc engages in the retail of beauty products. The company has one reportable segment, which includes retail stores, salon services, and e-commerce. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. Ulta was founded on January 9, 1990, and is headquartered in Bolingbrook, IL.