Ulta Beauty Inc (NASDAQ: ULTA) is 4.80% higher on its value in year-to-date trading and has touched a low of $368.02 and a high of $574.76 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ULTA stock was last observed hovering at around $514.34 in the last trading session, with the day’s loss setting it -0.82%.
Currently trading at $513.52, the stock is -5.01% and -1.83% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing -0.16% at the moment leaves the stock 12.43% off its SMA200. ULTA registered -1.33% loss for a year compared to 6-month gain of 31.77%. The firm has a 50-day simple moving average (SMA 50) of $2.31 and a 200-day simple moving average (SMA200) of $13.43.
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The stock witnessed a -8.53% loss in the last 1 month and extending the period to 3 months gives it a 7.57%, and is -1.99% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.31% over the week and 2.47% over the month.
Ulta Beauty Inc (ULTA) has around 56000 employees, a market worth around $24.94B and $11.21B in sales. Current P/E ratio is 19.72 and Fwd P/E is 17.35. Profit margin for the company is 11.52%. Distance from 52-week low is 39.54% and -10.65% from its 52-week high. The company has generated returns on investments over the last 12 months (33.05%).
Ulta Beauty Inc quarterly earnings per share for the current quarter are estimated at $6.38 with sales reaching $2.75B over the same period.The EPS is expected to grow by 3.01% this year, but quarterly earnings will post 5.20% year-over-year.
1,466 institutions hold shares in Ulta Beauty Inc (ULTA), with institutional investors hold 93.97% of the company’s shares. The shares outstanding are 48.56M, and float is at 48.46M with Short Float at 2.81%. Institutions hold 93.81% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 5.7 million shares valued at $2.68 billion. The investor’s holdings represent 11.59% of the ULTA Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 4.24 million shares valued at $1.99 billion to account for 8.61% of the shares outstanding. The other top investors are State Street Corporation which holds 2.04 million shares representing 4.15% and valued at over $961.57 million, while Price (T.Rowe) Associates Inc holds 3.50% of the shares totaling 1.72 million with a market value of $809.7 million.
Ulta Beauty Inc (ULTA) Insider Activity
The most recent transaction is an insider sale by Steelman Kecia, the company’s President and COO. SEC filings show that Steelman Kecia sold 20,950 shares of the company’s common stock on Mar 19 ’24 at a price of $526.39 per share for a total of $11.03 million. Following the sale, the insider now owns 10494.0 shares.
Ulta Beauty Inc disclosed in a document filed with the SEC on Mar 19 ’24 that Ryan Anita Jane (Chief Human Resources Officer) sold a total of 3,102 shares of the company’s common stock. The trade occurred on Mar 19 ’24 and was made at $525.25 per share for $1.63 million. Following the transaction, the insider now directly holds 2705.0 shares of the ULTA stock.
Still, SEC filings show that on Mar 19 ’24, Halligan Catherine Ann (Director) disposed off 500 shares at an average price of $526.26 for $0.26 million. The insider now directly holds 1,665 shares of Ulta Beauty Inc (ULTA).
