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Barclays downgrades Ulta Beauty Inc (ULTA) stock to an Equal weight

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 $4.3 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 $0.68 million.

Barclays downgraded its Ulta Beauty Inc [ULTA] rating to an Equal weight from a an Overweight in a research note published on April 29, 2024; the price target was decreased to $434 from $612. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in mid April from “a Buy” to “a Hold”. Jefferies also remained covering ULTA and reiterated its “Buy” recommendation on April 10, 2024. Loop Capital revised its rating on April 08, 2024. 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 jump 0.90% to $410.04. Over the last five days, the stock has lost -1.90%. Ulta Beauty Inc shares have fallen nearly -16.32% since the year began. Nevertheless, the stocks have fallen -25.14% 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 04/26/24. SMA at 50 days reached $497.92, while 200 days put it at $455.14. A total of 0.67 million shares were traded, compared to the trading of 0.64 million shares in the previous session.

Levels Of Support And Resistance For ULTA Stock

The 24-hour chart illustrates a support level at 406.11, which if violated will result in even more drops to 402.17. On the upside, there is a resistance level at 412.01. A further resistance level may holdings at 413.97. The Relative Strength Index (RSI) on the 14-day chart is 26.36, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -15.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.40%. Stochastics %K at 9.70% indicates the stock is a buying.

The most recent change occurred on April 04, 2024 when Oppenheimer resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $500.

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