StockNews.com downgraded shares of Ulta Beauty (NASDAQ:ULTA – Get Rating) from a buy rating to a hold rating in a report issued on Wednesday morning.

Other analysts also recently issued research reports about the stock. DA Davidson raised their price objective on shares of Ulta Beauty from $465.00 to $490.00 and gave the stock a buy rating in a research report on Thursday, June 9th. Stifel Nicolaus raised their price objective on shares of Ulta Beauty from $435.00 to $450.00 and gave the stock a hold rating in a research report on Friday, August 26th. UBS Group raised their price objective on shares of Ulta Beauty from $500.00 to $530.00 and gave the stock a buy rating in a research report on Friday, August 26th. JPMorgan Chase & Co. raised their price objective on shares of Ulta Beauty from $460.00 to $480.00 in a research report on Friday, May 27th. Finally, The Goldman Sachs Group raised their price objective on shares of Ulta Beauty from $427.00 to $491.00 and gave the stock a buy rating in a research report on Friday, August 26th. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Ulta Beauty currently has an average rating of Moderate Buy and an average target price of $482.27.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $392.30 on Wednesday. Ulta Beauty has a 52-week low of $330.80 and a 52-week high of $451.30. The firm has a 50 day moving average price of $407.36 and a two-hundred day moving average price of $398.95. The firm has a market cap of $20.09 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 1.58 and a beta of 1.39.

Insiders Place Their Bets

In other Ulta Beauty news, insider Anita Jane Ryan sold 594 shares of Ulta Beauty stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $440.53, for a total transaction of $261,674.82. Following the transaction, the insider now directly owns 2,482 shares of the company's stock, valued at approximately $1,093,395.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Catherine Ann Halligan sold 276 shares of Ulta Beauty stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $445.86, for a total transaction of $123,057.36. Following the sale, the director now directly owns 2,168 shares in the company, valued at approximately $966,624.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anita Jane Ryan sold 594 shares of Ulta Beauty stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $440.53, for a total value of $261,674.82. Following the sale, the insider now owns 2,482 shares in the company, valued at $1,093,395.46. The disclosure for this sale can be found here. Insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On Ulta Beauty

A number of hedge funds have recently made changes to their positions in ULTA. Allianz Asset Management GmbH raised its stake in shares of Ulta Beauty by 231.0% during the 4th quarter. Allianz Asset Management GmbH now owns 7,453 shares of the specialty retailer's stock worth $3,073,000 after purchasing an additional 5,201 shares during the period. American International Group Inc. raised its stake in Ulta Beauty by 5.6% in the 4th quarter. American International Group Inc. now owns 17,900 shares of the specialty retailer's stock valued at $7,381,000 after acquiring an additional 942 shares during the period. Invesco Ltd. raised its stake in Ulta Beauty by 2.3% in the 4th quarter. Invesco Ltd. now owns 354,538 shares of the specialty retailer's stock valued at $146,192,000 after acquiring an additional 8,045 shares during the period. Schroder Investment Management Group raised its stake in Ulta Beauty by 8.8% in the 4th quarter. Schroder Investment Management Group now owns 1,440 shares of the specialty retailer's stock valued at $594,000 after acquiring an additional 117 shares during the period. Finally, Rockefeller Capital Management L.P. raised its stake in Ulta Beauty by 30.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,146 shares of the specialty retailer's stock valued at $884,000 after acquiring an additional 506 shares during the period. 89.20% of the stock is currently owned by institutional investors.

Ulta Beauty Company Profile

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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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