Ulta Beauty (NASDAQ:ULTA) PT Lowered to $300.00 at Wells Fargo & Company

Ulta Beauty (NASDAQ:ULTA) had its price target decreased by research analysts at Wells Fargo & Company from $325.00 to $300.00 in a research note issued on Friday, Benzinga reports. The firm currently has an “underweight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s target price indicates a potential downside of 16.43% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Citigroup cut their target price on shares of Ulta Beauty from $400.00 to $375.00 and set a “neutral” rating on the stock in a research report on Friday, August 23rd. Barclays cut their price objective on shares of Ulta Beauty from $394.00 to $355.00 and set an “equal weight” rating on the stock in a research report on Friday, June 28th. Stifel Nicolaus cut their price objective on shares of Ulta Beauty from $565.00 to $475.00 and set a “hold” rating on the stock in a research report on Tuesday, May 14th. Bank of America cut their price objective on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, The Goldman Sachs Group cut their price objective on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $461.09.

Ulta Beauty Stock Down 2.3 %

ULTA traded down $8.61 on Friday, reaching $358.97. 1,191,713 shares of the company traded hands, compared to its average volume of 894,494. Ulta Beauty has a one year low of $318.17 and a one year high of $574.76. The firm has a fifty day simple moving average of $373.05 and a two-hundred day simple moving average of $427.73. The company has a market cap of $17.13 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 1.75 and a beta of 1.37.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the business posted $6.02 EPS. On average, equities analysts forecast that Ulta Beauty will post 25.48 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total value of $39,008.00. Following the completion of the sale, the director now owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Jodi J. Caro sold 650 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total transaction of $39,008.00. Following the sale, the director now directly owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The disclosure for this sale can be found here. 0.39% of the stock is owned by insiders.

Institutional Investors Weigh In On Ulta Beauty

A number of large investors have recently modified their holdings of ULTA. UMB Bank n.a. grew its holdings in shares of Ulta Beauty by 83.3% in the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 30 shares during the period. Vima LLC acquired a new stake in shares of Ulta Beauty during the fourth quarter worth $27,000. Riverview Trust Co acquired a new stake in shares of Ulta Beauty during the first quarter worth $30,000. Sound Income Strategies LLC lifted its holdings in shares of Ulta Beauty by 490.0% during the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 49 shares during the period. Finally, LRI Investments LLC acquired a new stake in shares of Ulta Beauty during the first quarter worth $31,000. Hedge funds and other institutional investors 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.