Ulta Beauty, Inc. (NASDAQ:ULTA) Insider Sells $332,982.32 in Stock

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

Ulta Beauty Stock Down 3.9 %

Shares of NASDAQ ULTA opened at $367.76 on Friday. The company has a market capitalization of $17.05 billion, a PE ratio of 14.72, a PEG ratio of 0.89 and a beta of 1.34. The stock’s 50 day moving average price is $370.20 and its 200-day moving average price is $386.17. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $467.49.

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. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the firm earned $8.08 earnings per share. The business’s revenue was down 1.9% on a year-over-year basis. As a group, research analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Ulta Beauty

Several institutional investors have recently added to or reduced their stakes in the stock. Prestige Wealth Management Group LLC boosted its stake in Ulta Beauty by 121.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 34 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 45 shares during the last quarter. Westside Investment Management Inc. grew its holdings in Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 50 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in Ulta Beauty in the fourth quarter worth $43,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in shares of Ulta Beauty in the fourth quarter valued at $43,000. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on ULTA shares. TD Cowen lifted their price objective on Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Piper Sandler decreased their price target on shares of Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Oppenheimer increased their price objective on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Wells Fargo & Company dropped their price target on Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating on the stock in a research note on Friday, March 14th. Finally, Barclays reduced their price objective on Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating for the company in a research note on Friday, March 14th. One 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.