Ulta Beauty (NASDAQ:ULTA) Stock Price Down 0%

Shares of Ulta Beauty, Inc. (NASDAQ:ULTA) were down 0% on Thursday . The company traded as low as $400.30 and last traded at $402.62. Approximately 252,693 shares were traded during trading, a decline of 73% from the average daily volume of 936,545 shares. The stock had previously closed at $402.72.

Analyst Upgrades and Downgrades

ULTA has been the subject of several recent research reports. Canaccord Genuity Group lowered their price objective on shares of Ulta Beauty from $522.00 to $500.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Stifel Nicolaus lowered their price objective on shares of Ulta Beauty from $475.00 to $385.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Citigroup cut their price objective on Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. Jefferies Financial Group decreased their target price on shares of Ulta Beauty from $438.00 to $412.00 and set a “hold” rating for the company in a research note on Friday, May 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Ulta Beauty from $552.00 to $448.00 and set a “buy” rating on the stock in a report on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Ulta Beauty presently has a consensus rating of “Hold” and a consensus target price of $425.29.

Ulta Beauty Stock Performance

The stock has a market cap of $19.18 billion, a P/E ratio of 15.68, a P/E/G ratio of 2.22 and a beta of 1.31. The company has a 50-day simple moving average of $368.01 and a 200-day simple moving average of $408.95.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing the consensus estimate of $5.47 by ($0.17). The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.02 earnings per share. As a group, sell-side analysts expect that Ulta Beauty, Inc. will post 23.21 earnings per share for the current fiscal year.

Insider Transactions at Ulta Beauty

In related news, insider Jodi J. Caro sold 650 shares of Ulta Beauty stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total value of $252,642.00. Following the sale, the insider now owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Catherine Ann Halligan sold 100 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the completion of the sale, the director now directly owns 2,017 shares of the company’s stock, valued at $786,791.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jodi J. Caro sold 650 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total value of $252,642.00. Following the transaction, the insider now directly owns 6,801 shares in the company, valued at $2,643,412.68. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ulta Beauty

Several hedge funds have recently added to or reduced their stakes in ULTA. Choreo LLC boosted its holdings in shares of Ulta Beauty by 71.7% in the 2nd quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock valued at $1,103,000 after purchasing an additional 1,198 shares in the last quarter. 1832 Asset Management L.P. grew its stake in shares of Ulta Beauty by 120.2% during the fourth quarter. 1832 Asset Management L.P. now owns 14,448 shares of the specialty retailer’s stock worth $7,079,000 after buying an additional 7,887 shares during the last quarter. Duality Advisers LP increased its holdings in shares of Ulta Beauty by 92.8% during the first quarter. Duality Advisers LP now owns 7,278 shares of the specialty retailer’s stock worth $3,806,000 after buying an additional 3,504 shares in the last quarter. Broad Bay Capital Management LP bought a new position in shares of Ulta Beauty in the 4th quarter valued at $10,412,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Ulta Beauty by 10.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,799 shares of the specialty retailer’s stock valued at $46,954,000 after acquiring an additional 8,337 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

About Ulta Beauty

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.