Insider Selling: Ulta Beauty, Inc. (NASDAQ:ULTA) Insider Sells 902 Shares of Stock

Ulta Beauty, Inc. (NASDAQ:ULTA) insider Jodi J. Caro sold 902 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the transaction, the insider now owns 7,632 shares of the company’s stock, valued at approximately $2,817,429.12. The trade was a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ulta Beauty Price Performance

Shares of ULTA opened at $359.36 on Friday. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $460.00. The company has a 50-day moving average of $369.03 and a two-hundred day moving average of $385.97. The stock has a market cap of $16.66 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, topping the consensus estimate of $7.13 by $1.33. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $8.08 EPS. Analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Institutional Investors Weigh In On Ulta Beauty

Hedge funds have recently bought and sold shares of the business. Prestige Wealth Management Group LLC increased its holdings in shares of Ulta Beauty by 121.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 34 shares during the period. Sunbelt Securities Inc. increased its stake in Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 45 shares during the period. Westside Investment Management Inc. lifted its position in Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after buying an additional 50 shares in the last quarter. Edge Capital Group LLC acquired a new stake in shares of Ulta Beauty during the 4th quarter valued at $33,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of Ulta Beauty during the 4th quarter valued at $43,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ULTA has been the topic of several recent research reports. TD Cowen lifted their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Bank of America decreased their price objective on Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Morgan Stanley cut their target price on Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating on the stock in a research note on Friday, March 14th. B. Riley decreased their price target on Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Finally, Citigroup cut their price objective on shares of Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $427.61.

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.