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
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
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.
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