Ulta Beauty (NASDAQ:ULTA) Price Target Lowered to $500.00 at BMO Capital Markets

Ulta Beauty (NASDAQ:ULTA – Free Report) had its worth goal lowered by BMO Capital Markets from $540.00 to $500.00 in a report revealed on Friday, Benzinga reviews. The brokerage at the moment has a market carry out score on the specialty retailer’s inventory.

A variety of different equities analysts have additionally just lately weighed in on ULTA. Raymond James diminished their worth goal on shares of Ulta Beauty from $630.00 to $610.00 and set a strong-buy score on the inventory in a analysis report on Wednesday, April third. Stifel Nicolaus diminished their goal worth on Ulta Beauty from $565.00 to $475.00 and set a maintain score on the inventory in a report on Tuesday, May 14th. Barclays downgraded Ulta Beauty from an chubby score to an equal weight score and lowered their worth goal for the inventory from $612.00 to $434.00 in a report on Monday, April twenty ninth. Robert W. Baird minimize their worth goal on Ulta Beauty from $625.00 to $525.00 and set an outperform score on the inventory in a report on Wednesday. Finally, Evercore ISI lowered their goal worth on Ulta Beauty from $630.00 to $500.00 and set an outperform score for the corporate in a analysis notice on Friday. One analyst has rated the inventory with a promote score, 9 have assigned a maintain score, 13 have assigned a purchase score and one has given a powerful purchase score to the corporate. According to MarketBeat, Ulta Beauty presently has a consensus score of Moderate Buy and a median worth goal of $507.30.
Read Our Latest Report on Ulta Beauty
Ulta Beauty Trading Up 2.5 %

NASDAQ ULTA opened at $395.09 on Friday. Ulta Beauty has a 12 month low of $368.02 and a 12 month excessive of $574.76. The inventory has a 50-day easy shifting common of $424.32 and a 200 day easy shifting common of $470.11. The firm has a market capitalization of $18.94 billion, a PE ratio of 15.41, a P/E/G ratio of 1.63 and a beta of 1.36.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) final introduced its quarterly earnings outcomes on Thursday, May thirtieth. The specialty retailer reported $6.47 EPS for the quarter, beating analysts’ consensus estimates of $6.19 by $0.28. The firm had income of $2.73 billion throughout the quarter, in contrast to analysts’ expectations of $2.72 billion. Ulta Beauty had a return on fairness of 59.30% and a web margin of 11.13%. Ulta Beauty’s income was up 3.5% on a year-over-year foundation. During the identical interval within the prior 12 months, the enterprise posted $6.88 EPS. As a gaggle, sell-side analysts predict that Ulta Beauty will publish 26.22 earnings per share for the present fiscal 12 months.
Ulta Beauty declared that its board has approved a share buyback plan on Thursday, March 14th that authorizes the corporate to repurchase $2.00 billion in shares. This repurchase authorization authorizes the specialty retailer to buy up to 7.3% of its inventory by open market purchases. Stock repurchase plans are sometimes a sign that the corporate’s management believes its shares are undervalued.
Insiders Place Their Bets
In different information, insider Anita Jane Ryan offered 3,102 shares of the inventory in a transaction that occurred on Tuesday, March nineteenth. The inventory was offered at a median worth of $525.25, for a complete worth of $1,629,325.50. Following the completion of the sale, the insider now owns 2,705 shares of the corporate’s inventory, valued at roughly $1,420,801.25. The transaction was disclosed in a authorized submitting with the SEC, which is out there at this hyperlink. In different information, insider Anita Jane Ryan offered 3,102 shares of the corporate’s inventory in a transaction dated Tuesday, March nineteenth. The shares have been offered at a median worth of $525.25, for a complete worth of $1,629,325.50. Following the sale, the insider now immediately owns 2,705 shares of the corporate’s inventory, valued at roughly $1,420,801.25. The sale was disclosed in a authorized submitting with the SEC, which might be accessed by the SEC web site. Also, Director Catherine Ann Halligan offered 500 shares of the agency’s inventory in a transaction dated Tuesday, March nineteenth. The shares have been offered at a median worth of $526.26, for a complete transaction of $263,130.00. Following the completion of the sale, the director now owns 1,665 shares of the corporate’s inventory, valued at $876,222.90. The disclosure for this sale might be discovered right here. Insiders have offered 24,552 shares of firm inventory valued at $12,920,326 within the final 90 days. 0.39% of the inventory is at the moment owned by insiders.
Institutional Inflows and Outflows
Institutional traders have just lately made modifications to their positions within the enterprise. Morgan Stanley grew its stake in Ulta Beauty by 56.7% within the third quarter. Morgan Stanley now owns 1,538,533 shares of the specialty retailer’s inventory valued at $614,568,000 after shopping for an extra 556,809 shares over the last quarter. Norges Bank acquired a brand new stake in shares of Ulta Beauty throughout the fourth quarter value $263,192,000. Global Assets Advisory LLC purchased a brand new stake in shares of Ulta Beauty within the first quarter valued at about $176,753,000. International Assets Investment Management LLC grew its stake in shares of Ulta Beauty by 45,740.3% within the fourth quarter. International Assets Investment Management LLC now owns 291,544 shares of the specialty retailer’s inventory valued at $142,854,000 after buying an extra 290,908 shares within the final quarter. Finally, TD Asset Management Inc elevated its place in Ulta Beauty by 177.8% throughout the fourth quarter. TD Asset Management Inc now owns 407,347 shares of the specialty retailer’s inventory value $199,596,000 after buying an extra 260,740 shares throughout the interval. 90.39% of the inventory is owned by institutional traders and hedge funds.
Ulta Beauty Company Profile
(Get Free Report)
Ulta Beauty, Inc operates as a specialty magnificence retailer within the United States. The firm gives branded and personal label magnificence merchandise, together with cosmetics, perfume, haircare, skincare, tub and physique merchandise, skilled hair merchandise, and salon styling instruments by its Ulta Beauty shops, shop-in-shops, Ulta.com web site, and its cellular purposes.
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