<div id="readability-page-1"><p>Ulta Beauty, Inc. (NASDAQ:ULTA - Get Free Report) shares traded up 2.2% during mid-day trading on Thursday . The stock traded as high as $375.61 and last traded at $374.77. 414,076 shares were traded during trading, a decline of 53% from the average session volume of 881,944 shares. The stock had previously closed at $366.82.</p><h2>Analyst Upgrades and Downgrades</h2><ul><li>Ross Stores Investors Win Big as Off-Price Retailers Outperform</li></ul><p>A number of research analysts recently weighed in on the company. Robert W. Baird cut their price objective on Ulta Beauty from $525.00 to $485.00 and set an &#34;outperform&#34; rating on the stock in a research note on Friday, August 23rd. JPMorgan Chase &amp; Co. lifted their price target on shares of Ulta Beauty from $530.00 to $544.00 and gave the company an &#34;overweight&#34; rating in a research report on Friday, May 31st. Oppenheimer restated an &#34;outperform&#34; rating and issued a $450.00 price objective on shares of Ulta Beauty in a research note on Thursday, August 15th. Piper Sandler lowered shares of Ulta Beauty from an &#34;overweight&#34; rating to a &#34;neutral&#34; rating and lowered their target price for the company from $494.00 to $404.00 in a research note on Wednesday, July 24th. Finally, Stifel Nicolaus dropped their target price on shares of Ulta Beauty from $565.00 to $475.00 and set a &#34;hold&#34; rating on the stock in a report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Ulta Beauty has an average rating of &#34;Moderate Buy&#34; and an average price target of $480.22.</p><p><b>Check Out Our Latest Stock Analysis on ULTA</b></p><h2>Ulta Beauty Trading Up 1.7 %</h2><ul><li>4 No-Brainer Stocks to Hold This Fall for Steady Gains</li></ul><p>The firm has a market capitalization of $17.79 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 1.75 and a beta of 1.37. The stock has a fifty day moving average price of $373.05 and a 200-day moving average price of $427.73. </p><p>Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share for the quarter, beating analysts' consensus estimates of $6.19 by $0.28. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.72 billion. During the same period in the prior year, the business posted $6.88 earnings per share. The business's revenue was up 3.5% compared to the same quarter last year. On average, equities analysts expect that Ulta Beauty, Inc. will post 25.48 EPS for the current year. </p><h2>Insider Buying and Selling</h2><ul><li>3 Must-Buy Stocks Boosting Value with Buybacks—Act Now</li></ul><p>In other news, insider Jodi J. Caro sold 650 shares of the business's stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total value of $252,642.00. Following the transaction, the insider now directly owns 6,801 shares of the company's stock, valued at approximately $2,643,412.68. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through this hyperlink. In related news, insider Jodi J. Caro sold 650 shares of the company's stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total transaction of $252,642.00. Following the transaction, the insider now owns 6,801 shares in the company, valued at approximately $2,643,412.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Catherine Ann Halligan sold 100 shares of the firm's stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total transaction of $39,008.00. Following the completion of the sale, the director now owns 2,017 shares of the company's stock, valued at approximately $786,791.36. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by corporate insiders. </p><h2>Institutional Inflows and Outflows</h2><p>Institutional investors have recently bought and sold shares of the stock. TD Asset Management Inc boosted its stake in shares of Ulta Beauty by 14.1% in the 2nd quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer's stock valued at $239,545,000 after purchasing an additional 76,721 shares during the last quarter. Norges Bank bought a new position in Ulta Beauty in the fourth quarter valued at approximately $263,192,000. Boston Partners boosted its stake in Ulta Beauty by 47.7% in the first quarter. Boston Partners now owns 476,027 shares of the specialty retailer's stock valued at $246,862,000 after acquiring an additional 153,727 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Ulta Beauty by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 422,801 shares of the specialty retailer's stock worth $163,149,000 after acquiring an additional 24,822 shares during the period. Finally, Bessemer Group Inc. raised its position in shares of Ulta Beauty by 1.2% during the 1st quarter. Bessemer Group Inc. now owns 357,503 shares of the specialty retailer's stock valued at $186,933,000 after acquiring an additional 4,344 shares during the last quarter. Institutional investors own 90.39% of the company's stock. </p><h2>Ulta Beauty Company Profile</h2> (Get Free Report)<p>Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Ulta Beauty</li><li>Ride Out The Recession With These Dividend Kings </li><li>Does A&amp;F's Q2 Earnings Win Point to a Strong Holiday Season?</li><li>Retail Stocks Investing, Explained</li><li>Best Buy Stock Flashes Bullish Signal, Challenges Remain</li><li>What is the NASDAQ Stock Exchange?</li><li>Affirm Shows Buy-Now-Pay-Later Is Here to Stay in Latest Results</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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ULTA

<p>Ulta Beauty (NASDAQ:ULTA) shares saw a 2.2% increase during midday trading, reaching a high of $334.61. Despite this rise, trading volume was down 53% from average levels. Analysts have varying opinions: Robert W. Baird downgraded their price target, while JPMorgan raised theirs. Ulta's earnings report showed EPS of $2.47, exceeding expectations, with revenue up 3.5% year-over-year. Insider selling was noted, with Jodi J. Caro selling 650 shares. The stock has an average rating of 'Moderate Buy' and a price target of $389.22.</p>

Ulta Beauty (NASDAQ:ULTA) Trading Up 2.2%