Ulta Beauty, Inc. (NASDAQ:ULTA) Insider Jodi J. Caro Sells 650 Shares of Stock

Ulta Beauty, Inc. (NASDAQ:ULTA) 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 sale, the insider now directly owns 6,801 shares in the company, valued at approximately $2,643,412.68. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Ulta Beauty Stock Down 0.5 %

ULTA opened at $385.95 on Friday. The company’s 50-day moving average price is $393.76 and its 200 day moving average price is $464.34. Ulta Beauty, Inc. has a fifty-two week low of $368.02 and a fifty-two week high of $574.76. The firm has a market cap of $18.42 billion, a price-to-earnings ratio of 15.05, a price-to-earnings-growth ratio of 1.69 and a beta of 1.36.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.19 by $0.28. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm posted $6.88 earnings per share. Research analysts anticipate that Ulta Beauty, Inc. will post 25.76 earnings per share for the current year.

Ulta Beauty declared that its board has initiated a stock buyback program on Thursday, March 14th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to reacquire up to 7.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

ULTA has been the subject of several research reports. The Goldman Sachs Group cut their price objective on Ulta Beauty from $605.00 to $476.00 and set a “neutral” rating for the company in a research report on Tuesday, May 14th. Barclays downgraded Ulta Beauty from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $612.00 to $434.00 in a report on Monday, April 29th. Canaccord Genuity Group cut their price target on Ulta Beauty from $575.00 to $522.00 and set a “buy” rating for the company in a report on Wednesday, May 29th. TD Cowen cut their price target on Ulta Beauty from $520.00 to $500.00 and set a “buy” rating for the company in a report on Friday, May 31st. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $500.00 price target on shares of Ulta Beauty in a report on Friday, May 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $507.30.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ULTA. Parkside Financial Bank & Trust grew its position in Ulta Beauty by 48.6% in the third quarter. Parkside Financial Bank & Trust now owns 104 shares of the specialty retailer’s stock worth $42,000 after buying an additional 34 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in Ulta Beauty by 47.7% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 3,052 shares of the specialty retailer’s stock worth $1,219,000 after purchasing an additional 985 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Ulta Beauty by 127.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,004 shares of the specialty retailer’s stock worth $1,200,000 after purchasing an additional 1,683 shares in the last quarter. Bank of Nova Scotia grew its position in Ulta Beauty by 2.7% during the 3rd quarter. Bank of Nova Scotia now owns 30,691 shares of the specialty retailer’s stock worth $12,260,000 after purchasing an additional 795 shares in the last quarter. Finally, Caxton Associates LP acquired a new stake in shares of Ulta Beauty during the 3rd quarter valued at $552,000. 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.