Ulta Beauty, Inc. (NASDAQ:ULTA) Insider Jodi J. Caro Sells 902 Shares

Ulta Beauty, Inc. (NASDAQ:ULTA) insider Jodi J. Caro sold 902 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were 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 in the company, valued at $2,817,429.12. The trade was a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $382.51 on Thursday. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $474.12. The stock has a market cap of $17.74 billion, a PE ratio of 15.31, a PEG ratio of 0.89 and a beta of 1.34. The firm has a 50-day simple moving average of $371.22 and a 200 day simple moving average of $386.30.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping analysts’ consensus estimates of $7.13 by $1.33. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company earned $8.08 EPS. Research analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ULTA has been the topic of a number of research reports. UBS Group upped their price target on shares of Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Barclays cut their price target 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. DA Davidson lowered their price target on Ulta Beauty from $510.00 to $415.00 and set a “buy” rating for the company in a research note on Friday, March 14th. JPMorgan Chase & Co. cut their price objective on shares of Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating on the stock in a research report on Friday, March 14th. Finally, Bank of America dropped their price target on shares of Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Ulta Beauty presently has an average rating of “Hold” and a consensus target price of $427.61.

Institutional Investors Weigh In On Ulta Beauty

A number of institutional investors have recently bought and sold shares of the business. Kera Capital Partners Inc. bought a new position in shares of Ulta Beauty during the 1st quarter worth about $268,000. Rempart Asset Management Inc. lifted its stake in Ulta Beauty by 3.0% during the first quarter. Rempart Asset Management Inc. now owns 38,975 shares of the specialty retailer’s stock worth $14,286,000 after purchasing an additional 1,118 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Ulta Beauty by 35.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the specialty retailer’s stock valued at $43,000 after purchasing an additional 31 shares in the last quarter. Fairtree Asset Management Pty Ltd bought a new stake in shares of Ulta Beauty in the 4th quarter valued at approximately $668,000. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Ulta Beauty in the 4th quarter worth approximately $6,565,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Company Profile

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.