Ulta Beauty (NASDAQ:ULTA) PT Lowered to $485.00 at Robert W. Baird

Ulta Beauty (NASDAQ:ULTA) had its target price reduced by Robert W. Baird from $525.00 to $485.00 in a report published on Friday, Benzinga reports. Robert W. Baird currently has an outperform rating on the specialty retailer’s stock.

A number of other research analysts have also commented on ULTA. Jefferies Financial Group dropped their price objective on shares of Ulta Beauty from $438.00 to $412.00 and set a hold rating on the stock in a research note on Friday, May 24th. Barclays reduced their price objective on Ulta Beauty from $394.00 to $355.00 and set an equal weight rating for the company in a research note on Friday, June 28th. Stifel Nicolaus lowered their target price on Ulta Beauty from $565.00 to $475.00 and set a hold rating on the stock in a research note on Tuesday, May 14th. TD Cowen dropped their target price on Ulta Beauty from $520.00 to $500.00 and set a buy rating on the stock in a report on Friday, May 31st. Finally, Oppenheimer reaffirmed an outperform rating and set a $450.00 price target on shares of Ulta Beauty in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $492.00.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $378.65 on Friday. The stock’s 50-day moving average is $373.87 and its two-hundred day moving average is $430.24. Ulta Beauty has a 1 year low of $318.17 and a 1 year high of $574.76. The firm has a market cap of $18.07 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 1.73 and a beta of 1.37.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $6.47 EPS for the quarter, topping the consensus estimate of $6.19 by $0.28. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.72 billion. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.88 earnings per share. As a group, research analysts predict that Ulta Beauty will post 25.62 EPS for the current year.

Insider Transactions at Ulta Beauty

In related news, Director Catherine Ann Halligan sold 100 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total value of $39,008.00. Following the sale, the director now directly owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Catherine Ann Halligan sold 100 shares of the company’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 sale, the director now owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jodi J. Caro sold 650 shares of the stock in a transaction on Tuesday, June 25th. The shares were 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 in the company, valued at approximately $2,643,412.68. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in shares of Ulta Beauty by 83.3% during the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after buying an additional 30 shares in the last quarter. Vima LLC acquired a new position in Ulta Beauty in the 4th quarter valued at $27,000. Riverview Trust Co purchased a new position in shares of Ulta Beauty during the 1st quarter worth $30,000. Sound Income Strategies LLC boosted its holdings in shares of Ulta Beauty by 490.0% during the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 49 shares during the last quarter. Finally, LRI Investments LLC purchased a new stake in shares of Ulta Beauty in the first quarter valued at $31,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Company Profile

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.