Ulta Beauty (NASDAQ:ULTA) PT Lowered to $325.00 at Wells Fargo & Company

Ulta Beauty (NASDAQ:ULTA) had its price objective trimmed by Wells Fargo & Company from $350.00 to $325.00 in a report published on Wednesday morning, Benzinga reports. The firm currently has an underweight rating on the specialty retailer’s stock.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Ulta Beauty from $530.00 to $544.00 and gave the stock an overweight rating in a research report on Friday, May 31st. Evercore ISI dropped their target price on shares of Ulta Beauty from $630.00 to $500.00 and set an outperform rating for the company in a research report on Friday, May 31st. Robert W. Baird dropped their target price on shares of Ulta Beauty from $625.00 to $525.00 and set an outperform rating for the company in a research report on Wednesday, May 29th. Stifel Nicolaus dropped their target price on shares of Ulta Beauty from $565.00 to $475.00 and set a hold rating for the company in a research report on Tuesday, May 14th. Finally, Raymond James dropped their target price on shares of Ulta Beauty from $630.00 to $610.00 and set a strong-buy rating for the company in a research report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $497.61.

Ulta Beauty Price Performance

ULTA opened at $369.46 on Wednesday. The firm has a market cap of $17.63 billion, a P/E ratio of 14.41, a PEG ratio of 1.71 and a beta of 1.37. Ulta Beauty has a 1-year low of $362.49 and a 1-year high of $574.76. The company has a 50 day simple moving average of $387.66 and a two-hundred day simple moving average of $450.37.

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. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.72 billion. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The company’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $6.88 earnings per share. Equities analysts anticipate that Ulta Beauty will post 25.67 earnings per share for the current year.

Insider Activity

In other news, 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 of the company’s stock, valued at $2,643,412.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Catherine Ann Halligan sold 100 shares of the firm’s 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 transaction, the director now owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jodi J. Caro sold 650 shares of the firm’s 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 completion of the transaction, the insider now directly owns 6,801 shares in the company, valued at approximately $2,643,412.68. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Turtle Creek Wealth Advisors LLC bought a new position in Ulta Beauty during the 4th quarter worth about $25,000. Vima LLC bought a new position in Ulta Beauty during the 4th quarter worth about $27,000. Riverview Trust Co bought a new position in Ulta Beauty during the 1st quarter worth about $30,000. Sound Income Strategies LLC grew its holdings in Ulta Beauty by 490.0% during the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 49 shares in the last quarter. Finally, LRI Investments LLC bought a new position in Ulta Beauty during the 1st quarter worth about $31,000. Hedge funds and other 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.