Jodi J. Caro Sells 650 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA) Stock

Ulta Beauty, Inc. (NASDAQ:ULTA) insider Jodi J. Caro sold 650 shares of the stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total value of $252,642.00. Following the completion of the sale, the insider now owns 6,801 shares in the company, valued at approximately $2,643,412.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Ulta Beauty Trading Down 0.5 %

NASDAQ ULTA traded down $1.93 during trading on Thursday, hitting $385.95. 924,843 shares of the company’s stock were exchanged, compared to its average volume of 814,447. The company has a market cap of $18.42 billion, a PE ratio of 15.05, a P/E/G ratio of 1.69 and a beta of 1.36. Ulta Beauty, Inc. has a fifty-two week low of $368.02 and a fifty-two week high of $574.76. The stock’s 50 day moving average price is $393.76 and its two-hundred day moving average price is $464.34.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.19 by $0.28. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the prior year, the company earned $6.88 EPS. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. Analysts forecast that Ulta Beauty, Inc. will post 25.76 earnings per share for the current fiscal year.

Ulta Beauty announced that its board has authorized a stock buyback program on Thursday, March 14th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to repurchase up to 7.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Ulta Beauty

A number of institutional investors have recently added to or reduced their stakes in the business. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Ulta Beauty during the fourth quarter worth $25,000. Vima LLC acquired a new stake in shares of Ulta Beauty in the fourth quarter valued at about $27,000. Riverview Trust Co acquired a new stake in shares of Ulta Beauty in the first quarter valued at about $30,000. BKM Wealth Management LLC bought a new position in shares of Ulta Beauty during the fourth quarter worth about $28,000. Finally, Sound Income Strategies LLC lifted its stake in shares of Ulta Beauty by 490.0% in the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 49 shares during the period. 90.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Raymond James dropped their price objective on shares of Ulta Beauty from $630.00 to $610.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 3rd. Stifel Nicolaus lowered their price target on shares of Ulta Beauty from $565.00 to $475.00 and set a “hold” rating on the stock in a report on Tuesday, May 14th. Barclays cut Ulta Beauty from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $612.00 to $434.00 in a report on Monday, April 29th. Citigroup dropped their price target on Ulta Beauty from $485.00 to $400.00 and set a “neutral” rating for the company in a report on Friday, May 24th. Finally, Loop Capital raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $540.00 price objective on the stock in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Ulta Beauty presently has an average rating of “Moderate Buy” and an average target price of $507.30.

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.