Traders bought shares of Ulta Beauty Inc. (NASDAQ:ULTA) on weakness during trading hours on Wednesday after Piper Jaffray Companies downgraded the stock from an overweight rating to a neutral rating. $150.73 million flowed into the stock on the tick-up and $115.38 million flowed out of the stock on the tick-down, for a money net flow of $35.35 million into the stock. Of all stocks tracked, Ulta Beauty had the 10th highest net in-flow for the day. Ulta Beauty traded down ($3.91) for the day and closed at $198.37

Several other equities research analysts also recently weighed in on ULTA. Zacks Investment Research downgraded Ulta Beauty from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Oppenheimer Holdings, Inc. downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $330.00 to $270.00 in a research report on Tuesday, August 8th. Jefferies Group LLC set a $350.00 price target on Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, August 14th. Robert W. Baird set a $295.00 price target on Ulta Beauty and gave the stock a “buy” rating in a research report on Sunday, October 1st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $345.00 price target on shares of Ulta Beauty in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $273.70.

In other Ulta Beauty news, Director Charles Heilbronn bought 127,889 shares of the firm’s stock in a transaction on Friday, October 13th. The shares were acquired at an average cost of $195.21 per share, with a total value of $24,965,211.69. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael R. Macdonald bought 2,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was acquired at an average cost of $208.37 per share, for a total transaction of $416,740.00. Following the completion of the purchase, the director now directly owns 6,224 shares in the company, valued at $1,296,894.88. The disclosure for this purchase can be found here. Company insiders own 5.20% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fulton Bank N.A. lifted its stake in Ulta Beauty by 9.9% in the 3rd quarter. Fulton Bank N.A. now owns 9,883 shares of the specialty retailer’s stock worth $2,234,000 after purchasing an additional 887 shares in the last quarter. Bath Savings Trust Co lifted its stake in Ulta Beauty by 22.0% in the 3rd quarter. Bath Savings Trust Co now owns 5,125 shares of the specialty retailer’s stock worth $1,159,000 after purchasing an additional 925 shares in the last quarter. Ashford Capital Management Inc. lifted its stake in Ulta Beauty by 2.2% in the 2nd quarter. Ashford Capital Management Inc. now owns 2,428 shares of the specialty retailer’s stock worth $698,000 after purchasing an additional 53 shares in the last quarter. Toronto Dominion Bank lifted its stake in Ulta Beauty by 139.1% in the 2nd quarter. Toronto Dominion Bank now owns 37,763 shares of the specialty retailer’s stock worth $10,849,000 after purchasing an additional 21,966 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in Ulta Beauty by 18.1% in the 2nd quarter. Cetera Investment Advisers now owns 1,401 shares of the specialty retailer’s stock worth $398,000 after purchasing an additional 215 shares in the last quarter. 87.70% of the stock is currently owned by institutional investors and hedge funds.

The firm has a market cap of $12.19 billion, a price-to-earnings ratio of 26.41 and a beta of 0.57. The firm has a 50-day moving average price of $220.31 and a 200-day moving average price of $262.79.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 24th. The specialty retailer reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The company’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.43 earnings per share. On average, equities research analysts predict that Ulta Beauty Inc. will post $8.38 earnings per share for the current fiscal year.

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Ulta Beauty Company Profile

Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.

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