Ulta Beauty, Inc. (NASDAQ:ULTA) Receives Average Recommendation of “Moderate Buy” from Brokerages

Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) has earned an average rating of “Moderate Buy” from the twenty-six brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $564.75.

ULTA has been the topic of a number of recent analyst reports. UBS Group increased their target price on shares of Ulta Beauty from $590.00 to $640.00 in a research report on Thursday, May 11th. Telsey Advisory Group restated an “outperform” rating and set a $575.00 price target on shares of Ulta Beauty in a research note on Monday, March 6th. Morgan Stanley increased their price objective on Ulta Beauty from $510.00 to $535.00 and gave the company an “equal weight” rating in a report on Monday, March 13th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Ulta Beauty from $607.00 to $600.00 in a research report on Wednesday, March 8th. Finally, DA Davidson lifted their price objective on shares of Ulta Beauty from $545.00 to $605.00 in a research note on Friday, March 10th.

Insiders Place Their Bets

In other Ulta Beauty news, Director Mike C. Smith sold 400 shares of the business’s stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $521.63, for a total value of $208,652.00. Following the completion of the transaction, the director now directly owns 1,531 shares in the company, valued at approximately $798,615.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Ulta Beauty news, Director Mike C. Smith sold 400 shares of Ulta Beauty stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $521.63, for a total value of $208,652.00. Following the completion of the sale, the director now owns 1,531 shares in the company, valued at approximately $798,615.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anita Jane Ryan sold 1,255 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $544.69, for a total transaction of $683,585.95. Following the transaction, the insider now owns 2,491 shares in the company, valued at $1,356,822.79. The disclosure for this sale can be found here. Insiders have sold 7,355 shares of company stock valued at $3,821,507 in the last ninety days. Insiders own 2.00% of the company’s stock.

Institutional Trading of Ulta Beauty

Institutional investors have recently made changes to their positions in the stock. Grey Fox Wealth Advisors LLC purchased a new stake in Ulta Beauty during the fourth quarter valued at about $26,000. CI Investments Inc. increased its position in Ulta Beauty by 1,016.7% during the 3rd quarter. CI Investments Inc. now owns 67 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 61 shares in the last quarter. Ahrens Investment Partners LLC purchased a new position in Ulta Beauty in the first quarter valued at approximately $27,000. Parkside Financial Bank & Trust lifted its position in Ulta Beauty by 59.1% during the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 26 shares in the last quarter. Finally, BOKF NA acquired a new position in Ulta Beauty during the first quarter valued at approximately $30,000. 90.47% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Trading Up 0.4 %

Shares of NASDAQ:ULTA opened at $515.97 on Tuesday. The company has a market cap of $25.84 billion, a PE ratio of 21.48, a P/E/G ratio of 1.67 and a beta of 1.31. The company’s 50 day moving average is $526.85 and its two-hundred day moving average is $495.27. Ulta Beauty has a 52 week low of $330.80 and a 52 week high of $556.60.

Ulta Beauty (NASDAQ:ULTA – Get Rating) last released its quarterly earnings data on Thursday, March 9th. The specialty retailer reported $6.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.53 by $1.15. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Ulta Beauty had a return on equity of 67.19% and a net margin of 12.17%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.41 EPS. As a group, equities research analysts expect that Ulta Beauty will post 25.24 EPS for the current year.

About Ulta Beauty

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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.