Ulta Beauty (NASDAQ:ULTA) Shares Down 0%

Ulta Beauty, Inc. (NASDAQ:ULTA) fell 0% during mid-day trading on Thursday . The stock traded as low as $400.30 and last traded at $402.62. 252,693 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 936,545 shares. The stock had previously closed at $402.72.

Wall Street Analyst Weigh In

ULTA has been the subject of a number of recent research reports. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Wednesday. Bank of America cut their price objective on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. Robert W. Baird lowered their target price on Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a research note on Friday, August 23rd. B. Riley initiated coverage on shares of Ulta Beauty in a report on Tuesday, September 10th. They issued a “sell” rating and a $300.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of Ulta Beauty from $530.00 to $544.00 and gave the stock an “overweight” rating in a report on Friday, May 31st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $425.29.

Ulta Beauty Stock Performance

The company has a market capitalization of $19.00 billion, a P/E ratio of 15.70, a PEG ratio of 2.22 and a beta of 1.31. The stock’s fifty day moving average price is $368.18 and its 200-day moving average price is $410.00.

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

Insiders Place Their Bets

In other Ulta Beauty news, insider Jodi J. Caro sold 650 shares of the stock in a transaction dated Tuesday, June 25th. The shares were 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 of the company’s stock, valued at approximately $2,643,412.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Jodi J. Caro sold 650 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The sale was disclosed in a document filed 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 dated Tuesday, July 2nd. The stock was 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 in the company, valued at $786,791.36. The disclosure for this sale can be found here. Company 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. Norges Bank acquired a new position in Ulta Beauty during the fourth quarter valued at approximately $263,192,000. Global Assets Advisory LLC acquired a new stake in Ulta Beauty in the first quarter valued at about $176,753,000. TD Asset Management Inc raised its stake in Ulta Beauty by 177.8% during the fourth quarter. TD Asset Management Inc now owns 407,347 shares of the specialty retailer’s stock worth $199,596,000 after acquiring an additional 260,740 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Ulta Beauty by 210.4% in the first quarter. Los Angeles Capital Management LLC now owns 271,550 shares of the specialty retailer’s stock worth $141,988,000 after acquiring an additional 184,060 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Ulta Beauty by 87.3% in the 2nd quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer’s stock valued at $130,380,000 after purchasing an additional 157,497 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

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.