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 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 completion of the sale, the insider now directly owns 7,632 shares in the company, valued at $2,817,429.12. This represents a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $382.51 on Thursday. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $474.12. The business’s fifty day moving average is $371.22 and its two-hundred day moving average is $386.30. The stock has a market capitalization of $17.74 billion, a P/E ratio of 15.31, a P/E/G ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the business posted $8.08 earnings per share. Ulta Beauty’s revenue was down 1.9% compared to the same quarter last year. On average, research analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Institutional Trading of Ulta Beauty

Hedge funds have recently bought and sold shares of the company. Kera Capital Partners Inc. acquired a new stake in shares of Ulta Beauty during the first quarter valued at approximately $268,000. Rempart Asset Management Inc. grew its position in Ulta Beauty by 3.0% during the 1st 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 in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Ulta Beauty by 35.6% during the 1st 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 during the period. Fairtree Asset Management Pty Ltd purchased a new stake in shares of Ulta Beauty in the fourth quarter valued at $668,000. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Ulta Beauty in the fourth quarter worth $6,565,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on ULTA shares. The Goldman Sachs Group upgraded shares of Ulta Beauty from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $384.00 to $423.00 in a research report on Tuesday. B. Riley cut their price target on Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. DA Davidson decreased their price objective on Ulta Beauty from $510.00 to $415.00 and set a “buy” rating for the company in a report on Friday, March 14th. JPMorgan Chase & Co. cut their target price on Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating on the stock in a research note on Friday, March 14th. Finally, TD Cowen increased their price target on Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently 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.