Ulta Beauty Inc. (ULTA) may enjoy gains as insiders got busy in the recent days

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Ulta Beauty Inc.’s recent filing unveils that its Director Halligan Catherine Ann unloaded Company’s shares for reported $0.12 million on Sep 08. In the deal valued at $445.86 per share,276 shares were sold. As a result of this transaction, Halligan Catherine Ann now holds 2,168 shares worth roughly $ 0.91 million.


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Then, Ryan Anita Jane sold 594 shares, generating $261,675 in total proceeds. Upon selling the shares at $440.53, the Chief Human Resources Officer now owns 2,482 shares.

Before that, Halligan Catherine Ann sold 200 shares. Ulta Beauty Inc. shares valued at $85,762 were divested by the Director at a price of $428.81 per share. As a result of the transaction, Halligan Catherine Ann now holds 2,444 shares, worth roughly $1.02 million.

William Blair initiated its Ulta Beauty Inc. [ULTA] rating to an Outperform in a research note published on Friday. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in late June from “an Outperform” to “a Strong buy”. Jefferies also remained covering ULTA and has increased its forecast on May 27, 2022 with a “Buy” recommendation from previously “Hold” rating. UBS maintained its rating on December 03, 2021. It rated ULTA as “a Buy”.

Price Performance Review of ULTA

On Friday, Ulta Beauty Inc. [NASDAQ:ULTA] saw its stock jump 0.64% to $418.32. On the same session, the stock had its day’s lowest price of $411.90, but rose to a high of $424.12. Over the last five days, the stock has gained 0.52%. Ulta Beauty Inc. shares have risen nearly 1.45% since the year began. Nevertheless, the stocks have risen 9.78% over the past one year. While a 52-week high of $451.30 was reached on 09/12/22, a 52-week low of $330.80 was recorded on 05/24/22. SMA at 50 days reached $409.15, while 200 days put it at $393.58. A total of 0.53 million shares were traded, compared to the trading of 0.96 million shares in the previous session.

Levels Of Support And Resistance For ULTA Stock

The 24-hour chart illustrates a support level at 412.11, which if violated will result in even more drops to 405.89. On the upside, there is a resistance level at 424.33. A further resistance level may holdings at 430.33. The Relative Strength Index (RSI) on the 14-day chart is 58.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.14%. Stochastics %K at 74.93% indicates the stock is a holding.

How much short interest is there in Ulta Beauty Inc.?

A steep rise in short interest was recorded in Ulta Beauty Inc. stocks on Jul 14, 2022, growing by 0.36 million shares to a total of 1.59 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 1.23 million shares. There was a rise of 22.64%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.51% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.09.

Ulta Beauty Inc. [ULTA] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 5,538,335 shares, or roughly 10.81% of the outstanding ULTA shares. In other words, the investor’s shares have fallen by -131,619 from its previous 13-F filing of 5669954.0. Additionally, BlackRock Fund Advisors decreased -1.72% of its stake after which the total value it holdings stand at $1,140,665,013, while SSgA Funds Management, Inc. reduced -4.34% of its stake to hold $817.73 million in the firm. Over the last quarter, Wellington Management Co. LLP sold -828,455 shares of Ulta Beauty Inc., while Alecta Pension Insurance Mutual sold -40,000 shares. At present, Geode Capital Management LLC is holding 1,046,297 shares valued at $419.76 million. Goldman Sachs Asset Management LP owned 875,369 shares of the company at the time of its most recent 13F filing, worth $351.19 million.

According to FactSet, Ulta Beauty Inc.’s share price will average $487.08 in the next year, based on opinions of analysts polled by the firm. This is up nearly 18.01 percent from its previous closing price of $415.64. Analysts expect Ulta Beauty Inc. stock to reach the higher price of $600.00, while the lowest price estimate is $390.00. However, 30 analysts have rated ULTA stock as an Overweight in their predictions for 2022. The most recent change occurred on December 03, 2021 when Stifel resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $435.

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