Ulta Beauty Inc’s filing revealed that its President and COO Steelman Kecia unloaded Company’s shares for reported $11.03 million on Mar 19 ’24. In the deal valued at $526.39 per share,20,950 shares were sold. As a result of this transaction, Steelman Kecia now holds 10,494 shares worth roughly $5.31 million.
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Then, Ryan Anita Jane sold 3,102 shares, generating $1,629,338 in total proceeds. Upon selling the shares at $525.25, the Chief Human Resources Officer now owns 2,705 shares.
Before that, Halligan Catherine Ann sold 500 shares. Ulta Beauty Inc shares valued at $263,131 were divested by the Director at a price of $526.26 per share. As a result of the transaction, Halligan Catherine Ann now holds 1,665 shares, worth roughly $0.84 million.
JP Morgan reiterated its Ulta Beauty Inc [ULTA] rating to an Overweight in a research note published on February 15, 2024; the price target was $600. A number of analysts have revised their coverage, including Loop Capital’s analysts, who decreased its forecast for the stock in mid February from “a Buy” to “a Hold”. Evercore ISI began covering ULTA with “an Outperform” recommendation on November 07, 2023. Loop Capital revised its rating on June 13, 2023. It rated ULTA as “a Buy” which previously was an “a Hold”.
Price Performance Review of ULTA
On Monday, Ulta Beauty Inc [NASDAQ:ULTA] saw its stock fall -2.84% to $505.57. Over the last five days, the stock has lost -5.03%. Ulta Beauty Inc shares have risen nearly 3.18% since the year began. Nevertheless, the stocks have fallen -1.97% over the past one year. While a 52-week high of $574.76 was reached on 03/14/24, a 52-week low of $368.02 was recorded on 01/05/24. SMA at 50 days reached $522.47, while 200 days put it at $456.28. A total of 0.77 million shares were traded, compared to the trading of 1.06 million shares in the previous session.
Levels Of Support And Resistance For ULTA Stock
The 24-hour chart illustrates a support level at 499.37, which if violated will result in even more drops to 493.18. On the upside, there is a resistance level at 517.65. A further resistance level may holdings at 529.74. The Relative Strength Index (RSI) on the 14-day chart is 33.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -22.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.36%. Stochastics %K at 19.70% indicates the stock is a buying.
How much short interest is there in Ulta Beauty Inc?
A steep rise in short interest was recorded in Ulta Beauty Inc stocks on Feb 29, 2024, dropping by 50000.0 shares to a total of 1.43 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 1.48 million shares. There was a decline of -3.5%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.36% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.39.
The most recent change occurred on May 19, 2023 when Oppenheimer resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $575.
