Wells Fargo lowered the price target for the Ulta Beauty Inc. (NASDAQ:ULTA) stock from “an Equal weight” to “an Underweight”. The rating was released on January 06, 2023, according to finviz. We previously noted in another research note published on December 12, 2022 by Goldman that downgraded the stock from a Buy to a Neutral with a price target of $508 for ULTA stock. The research report from Telsey Advisory Group has reiterated the stock to Outperform, with a price target set at $575. In their research brief published June 29, 2022, Raymond James analysts upgraded the Ulta Beauty Inc. stock from Outperform to Strong Buy with a price target of $485.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Ulta Beauty Inc. (NASDAQ:ULTA) dipped -1.97% to close Thursday’s market session at $513.84, lower as compared to yesterday’s close. The stock price fluctuated between $512.02 and $525.01 throughout the trading session with the volume trading being 742856 shares, which represented a significant variation when compared to the three months average volume of 564.63K shares. The firm’s stock price fluctuated -1.17% within the last five trades and -2.06% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 20.58% in the last 6 months and 10.64% was added to its value over the previous 3 months. ULTA stock is trading at a margin of -1.82%, 0.46% and 17.01% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, ULTA deals in the Consumer Cyclical domain. The stock is trading -4.41 percent below its 52-week high and 55.33 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 32.7. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Ulta Beauty Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 15.30 percent and the profit margin is 11.70 percent, and the company has reported a gross margin of 39.70 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $26.08 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Ulta Beauty Inc. (NASDAQ:ULTA) is 22.59. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 19.01. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.69 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 13.67, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.10 percent of Ulta Beauty Inc. shares are owned by insiders, and 96.80 percent are held by financial institutions. Smith Mike C., the Director at Ulta Beauty Inc. (ULTA) has sold 400 shares of firm on Mar 14 at a price of $521.63 against the total amount of $0.21 million. In another inside trade, Kimbell David C, Chief Executive Officer of Ulta Beauty Inc. (NASDAQ:ULTA) sold 11,489 shares of the firm on Dec 13 for a total worth of $5.37 million at a price of $467.14. An inside trade which took place on Dec 07, Chief Operating Officer of Ulta Beauty Inc. Steelman Kecia sold 8,518 shares of firm against total price of $4.06 million at the cost of $476.85 per share.