Wells Fargo analyst Ike Boruchow downgraded Ulta Beauty (ULTA – Research Report) to a Sell today and set a price target of $350.00. The company’s shares closed yesterday at $419.27.
According to TipRanks, Boruchow is an analyst with an average return of -4.0% and a 42.28% success rate. Boruchow covers the Consumer Cyclical sector, focusing on stocks such as Tapestry, Gap, and Nike.
Currently, the analyst consensus on Ulta Beauty is a Moderate Buy with an average price target of $554.68.
Based on Ulta Beauty’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $5.09 billion and a net profit of $394.37 million. In comparison, last year the company earned a revenue of $3.23 billion and had a net profit of $340.75 million
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is neutral on the stock. Last month, Anita Jane Ryan, the CHRO of ULTA sold 3,102.00 shares for a total of $1,629,337.80.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Ulta Beauty (ULTA) Company Description:
Ulta Beauty, Inc. is a beauty retailer of cosmetics, fragrance, skin care products, hair care products, and salon services. It provides unmatched product breadth, value and convenience in a distinctive specialty retail environment. The company was founded in January 9, 1990 and is headquartered in Bolingbrook, IL.
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