Ulta Beauty (NASDAQ:ULTA) Price Target Lowered to $345.00 at Citigroup

Ulta Beauty (NASDAQ:ULTA) had its price objective reduced by Citigroup from $375.00 to $345.00 in a research note released on Friday, Benzinga reports. Citigroup currently has a neutral rating on the specialty retailer’s stock.

ULTA has been the topic of several other reports. Piper Sandler reaffirmed a neutral rating and set a $356.00 target price (down from $404.00) on shares of Ulta Beauty in a report on Friday. Barclays raised their price objective on Ulta Beauty from $328.00 to $335.00 and gave the stock an equal weight rating in a research note on Friday. JPMorgan Chase & Co. upped their target price on Ulta Beauty from $530.00 to $544.00 and gave the company an overweight rating in a research report on Friday, May 31st. Stifel Nicolaus decreased their price target on Ulta Beauty from $475.00 to $385.00 and set a hold rating on the stock in a research report on Friday. Finally, Oppenheimer cut their price objective on shares of Ulta Beauty from $450.00 to $435.00 and set an outperform rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $436.83.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA opened at $352.84 on Friday. The firm has a market cap of $16.84 billion, a price-to-earnings ratio of 13.76, a P/E/G ratio of 1.75 and a beta of 1.37. The stock’s fifty day moving average price is $372.83 and its two-hundred day moving average price is $427.31. Ulta Beauty has a one year low of $318.17 and a one year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter last year, the company posted $6.02 earnings per share. The company’s revenue was up .9% on a year-over-year basis. On average, equities analysts anticipate that Ulta Beauty will post 25.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other 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 transaction of $252,642.00. Following the sale, the insider now directly owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ulta Beauty news, insider Jodi J. Caro sold 650 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 6,801 shares in the company, valued at approximately $2,643,412.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Catherine Ann Halligan sold 100 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total transaction of $39,008.00. Following the transaction, the director now directly owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Institutional Investors Weigh In On Ulta Beauty

Institutional investors have recently made changes to their positions in the stock. Savant Capital LLC boosted its holdings in Ulta Beauty by 30.2% in the fourth quarter. Savant Capital LLC now owns 1,436 shares of the specialty retailer’s stock valued at $704,000 after acquiring an additional 333 shares during the last quarter. Great Valley Advisor Group Inc. boosted its stake in shares of Ulta Beauty by 25.7% in the 4th quarter. Great Valley Advisor Group Inc. now owns 1,334 shares of the specialty retailer’s stock valued at $654,000 after purchasing an additional 273 shares during the last quarter. First Trust Direct Indexing L.P. acquired a new stake in shares of Ulta Beauty during the fourth quarter worth $320,000. Natixis Advisors L.P. raised its stake in Ulta Beauty by 53.5% during the fourth quarter. Natixis Advisors L.P. now owns 70,594 shares of the specialty retailer’s stock worth $34,589,000 after buying an additional 24,608 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in Ulta Beauty by 2,481.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 87,490 shares of the specialty retailer’s stock valued at $42,869,000 after buying an additional 84,101 shares during the period. Institutional investors 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.