Ulta Beauty (NASDAQ:ULTA) Sets New 52-Week High at $425.00

Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $425.00 and last traded at $423.57, with a volume of 9711 shares. The stock had previously closed at $415.84.

A number of equities analysts recently commented on ULTA shares. Robert W. Baird reduced their price objective on shares of Ulta Beauty from $480.00 to $450.00 in a research note on Friday, March 11th. Piper Sandler reduced their price target on Ulta Beauty from $475.00 to $465.00 and set an “overweight” rating on the stock in a research report on Tuesday. Barclays upped their price target on Ulta Beauty from $440.00 to $469.00 and gave the stock an “overweight” rating in a research report on Monday, March 14th. StockNews.com started coverage on Ulta Beauty in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, BMO Capital Markets upped their price target on Ulta Beauty from $365.00 to $385.00 and gave the stock a “market perform” rating in a research report on Friday, March 11th. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Ulta Beauty presently has a consensus rating of “Buy” and a consensus price target of $446.18.

The company has a market capitalization of $22.42 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 2.18 and a beta of 1.65. The firm’s fifty day simple moving average is $384.38 and its 200 day simple moving average is $384.70.

Ulta Beauty (NASDAQ:ULTA – Get Rating) last posted its earnings results on Thursday, March 10th. The specialty retailer reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.56 by $0.85. Ulta Beauty had a net margin of 11.42% and a return on equity of 54.42%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same period in the prior year, the company posted $3.41 EPS. The company’s revenue for the quarter was up 24.1% on a year-over-year basis. As a group, equities analysts forecast that Ulta Beauty, Inc. will post 18.54 EPS for the current fiscal year.

In other Ulta Beauty news, insider Jodi J. Caro sold 5,340 shares of the company’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $384.54, for a total transaction of $2,053,443.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.10% of the company’s stock.

A number of large investors have recently bought and sold shares of ULTA. Brighton Jones LLC raised its position in shares of Ulta Beauty by 1.4% in the third quarter. Brighton Jones LLC now owns 1,974 shares of the specialty retailer’s stock valued at $712,000 after buying an additional 28 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in Ulta Beauty by 3.7% during the third quarter. Dynamic Advisor Solutions LLC now owns 814 shares of the specialty retailer’s stock worth $294,000 after purchasing an additional 29 shares during the last quarter. IndexIQ Advisors LLC increased its position in Ulta Beauty by 3.2% during the third quarter. IndexIQ Advisors LLC now owns 934 shares of the specialty retailer’s stock worth $337,000 after purchasing an additional 29 shares during the last quarter. Greytown Advisors Inc. increased its position in Ulta Beauty by 2.7% during the third quarter. Greytown Advisors Inc. now owns 1,157 shares of the specialty retailer’s stock worth $418,000 after purchasing an additional 30 shares during the last quarter. Finally, Salem Investment Counselors Inc. increased its position in Ulta Beauty by 12.9% during the fourth quarter. Salem Investment Counselors Inc. now owns 263 shares of the specialty retailer’s stock worth $108,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 88.92% of the company’s stock.

Ulta Beauty Company Profile (NASDAQ:ULTA)

Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.

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