Ulta Beauty, Inc. (NASDAQ:ULTA) Director Catherine Ann Halligan Sells 100 Shares

Ulta Beauty, Inc. (NASDAQ:ULTA) Director Catherine Ann Halligan sold 100 shares of Ulta Beauty stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total value of $39,008.00. Following the transaction, the director now owns 2,017 shares in the company, valued at $786,791.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Ulta Beauty Trading Down 0.9 %

Shares of NASDAQ:ULTA opened at $389.67 on Friday. The firm has a market cap of $18.60 billion, a price-to-earnings ratio of 15.20, a P/E/G ratio of 1.70 and a beta of 1.37. Ulta Beauty, Inc. has a 1 year low of $368.02 and a 1 year high of $574.76. The business has a fifty day simple moving average of $390.81 and a 200 day simple moving average of $460.74.

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

Ulta Beauty declared that its board has authorized a share repurchase plan on Thursday, March 14th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to reacquire up to 7.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ULTA. Barclays lowered their target price on Ulta Beauty from $394.00 to $355.00 and set an “equal weight” rating on the stock in a report on Friday, June 28th. Evercore ISI lowered their price objective on shares of Ulta Beauty from $630.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, May 31st. Jefferies Financial Group dropped their target price on shares of Ulta Beauty from $438.00 to $412.00 and set a “hold” rating on the stock in a report on Friday, May 24th. The Goldman Sachs Group reduced their target price on shares of Ulta Beauty from $605.00 to $476.00 and set a “neutral” rating for the company in a report on Tuesday, May 14th. Finally, Piper Sandler decreased their price target on shares of Ulta Beauty from $505.00 to $498.00 and set an “overweight” rating on the stock in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ulta Beauty presently has a consensus rating of “Moderate Buy” and a consensus price target of $503.87.

Institutional Investors Weigh In On Ulta Beauty

Several institutional investors and hedge funds have recently modified their holdings of the business. Turtle Creek Wealth Advisors LLC bought a new position in Ulta Beauty during the fourth quarter valued at about $25,000. Vima LLC acquired a new stake in Ulta Beauty in the 4th quarter worth approximately $27,000. BKM Wealth Management LLC bought a new stake in Ulta Beauty during the fourth quarter worth approximately $28,000. VisionPoint Advisory Group LLC raised its position in shares of Ulta Beauty by 7,300.0% in the third quarter. VisionPoint Advisory Group LLC now owns 74 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 73 shares during the period. Finally, Riverview Trust Co acquired a new stake in shares of Ulta Beauty in the first quarter worth $30,000. 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.