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 $4.39 million.
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 $0.7 million.
Jefferies downgraded its Ulta Beauty Inc [ULTA] rating to a Hold from a a Buy in a research note published on April 19, 2024; the price target was decreased to $438 from $585. A number of analysts have revised their coverage, including Jefferies’s analysts, who remained covering the stock and in early April has reiterated a ‘”a Buy”‘ rating for it. Loop Capital also remained covering ULTA and has increased its forecast on April 08, 2024 with a “Buy” recommendation from previously “Hold” rating. Oppenheimer maintained its rating on April 04, 2024. It rated ULTA as “an Outperform”.
Price Performance Review of ULTA
On Monday, Ulta Beauty Inc [NASDAQ:ULTA] saw its stock jump 1.08% to $417.98. Over the last five days, the stock has lost -3.52%. Ulta Beauty Inc shares have fallen nearly -14.70% since the year began. Nevertheless, the stocks have fallen -23.31% 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 04/19/24. SMA at 50 days reached $509.54, while 200 days put it at $456.82. A total of 0.64 million shares were traded, compared to the trading of 1.07 million shares in the previous session.
Levels Of Support And Resistance For ULTA Stock
The 24-hour chart illustrates a support level at 413.99, which if violated will result in even more drops to 409.99. On the upside, there is a resistance level at 420.63. A further resistance level may holdings at 423.28. The Relative Strength Index (RSI) on the 14-day chart is 25.60, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -18.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.94%. Stochastics %K at 6.91% indicates the stock is a buying.
The most recent change occurred on February 15, 2024 when JP Morgan resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $600.
