Ulta Beauty (NASDAQ:ULTA) Given New $540.00 Price Target at DA Davidson

Ulta Beauty (NASDAQ:ULTA – Get Rating) had its price objective reduced by equities researchers at DA Davidson from $620.00 to $540.00 in a research report issued to clients and investors on Friday, The Fly reports. DA Davidson’s price objective points to a potential upside of 11.31% from the stock’s previous close.

A number of other brokerages also recently issued reports on ULTA. Canaccord Genuity Group began coverage on Ulta Beauty in a report on Tuesday, March 28th. They issued a “buy” rating and a $622.00 price target for the company. Loop Capital increased their price objective on Ulta Beauty from $500.00 to $520.00 in a report on Friday, March 10th. Evercore ISI increased their price objective on Ulta Beauty from $600.00 to $650.00 in a report on Friday, March 10th. Telsey Advisory Group reissued an “outperform” rating and issued a $575.00 price objective on shares of Ulta Beauty in a report on Monday, March 6th. Finally, Raymond James increased their price objective on Ulta Beauty from $600.00 to $615.00 and gave the company a “strong-buy” rating in a report on Thursday, April 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Ulta Beauty currently has a consensus rating of “Moderate Buy” and a consensus target price of $545.76.

Ulta Beauty Trading Up 0.8 %

Shares of ULTA opened at $485.12 on Friday. The firm has a market cap of $24.30 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 1.55 and a beta of 1.31. Ulta Beauty has a 12-month low of $360.58 and a 12-month high of $556.60. The company’s 50-day moving average price is $522.33 and its 200 day moving average price is $498.37.

Ulta Beauty (NASDAQ:ULTA – Get Rating) last issued its quarterly earnings data on Thursday, May 25th. The specialty retailer reported $6.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.82 by $0.06. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.62 billion. Ulta Beauty had a net margin of 12.17% and a return on equity of 67.19%. Ulta Beauty’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm earned $6.30 EPS. Equities research analysts forecast that Ulta Beauty will post 25.27 earnings per share for the current year.

Insider Transactions at Ulta Beauty

In related news, insider Jodi J. Caro sold 4,500 shares of the firm’s stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $506.65, for a total transaction of $2,279,925.00. Following the sale, the insider now directly owns 5,231 shares in the company, valued at approximately $2,650,286.15. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Jodi J. Caro sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $506.65, for a total transaction of $2,279,925.00. Following the transaction, the insider now directly owns 5,231 shares of the company’s stock, valued at approximately $2,650,286.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lorna Nagler sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, March 31st. The stock was sold at an average price of $541.12, for a total value of $649,344.00. Following the transaction, the director now directly owns 6,632 shares in the company, valued at $3,588,707.84. The disclosure for this sale can be found here. Insiders have sold a total of 7,355 shares of company stock worth $3,821,507 in the last three months. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ulta Beauty

Institutional investors have recently made changes to their positions in the company. Prudential PLC bought a new position in Ulta Beauty during the 1st quarter worth $425,000. Vanguard Group Inc. grew its stake in Ulta Beauty by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer’s stock worth $2,344,096,000 after buying an additional 40,190 shares during the last quarter. Baird Financial Group Inc. grew its stake in Ulta Beauty by 2.8% during the 1st quarter. Baird Financial Group Inc. now owns 8,299 shares of the specialty retailer’s stock worth $3,305,000 after buying an additional 223 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in Ulta Beauty by 38.6% during the 1st quarter. Loomis Sayles & Co. L P now owns 1,117 shares of the specialty retailer’s stock worth $444,000 after buying an additional 311 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in Ulta Beauty by 59.1% during the 1st quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock worth $28,000 after buying an additional 26 shares during the last quarter. 90.47% of the stock is currently owned by institutional investors.

About Ulta Beauty

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Ulta Beauty, Inc engages in the retail of beauty products. The company has one reportable segment, which includes retail stores, salon services, and e-commerce. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. Ulta was founded on January 9, 1990, and is headquartered in Bolingbrook, IL.