Bank of The West Decreases Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Bank of The West cut its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTAGet Rating) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,049 shares of the specialty retailer’s stock after selling 271 shares during the quarter. Bank of The West’s holdings in Ulta Beauty were worth $3,603,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Girard Partners LTD. grew its holdings in shares of Ulta Beauty by 2.6% in the fourth quarter. Girard Partners LTD. now owns 12,729 shares of the specialty retailer’s stock worth $5,248,000 after purchasing an additional 322 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Ulta Beauty by 10.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 19,060 shares of the specialty retailer’s stock worth $7,859,000 after purchasing an additional 1,797 shares during the last quarter. New York State Teachers Retirement System grew its holdings in shares of Ulta Beauty by 1.3% in the fourth quarter. New York State Teachers Retirement System now owns 59,966 shares of the specialty retailer’s stock worth $24,726,000 after purchasing an additional 756 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its holdings in shares of Ulta Beauty by 17.4% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 6,497 shares of the specialty retailer’s stock worth $2,679,000 after purchasing an additional 961 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV boosted its holdings in Ulta Beauty by 9.4% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 5,692 shares of the specialty retailer’s stock valued at $2,347,000 after acquiring an additional 487 shares in the last quarter. Hedge funds and other institutional investors own 89.20% of the company’s stock.

In other news, COO Kecia Steelman sold 13,199 shares of the company’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $405.02, for a total transaction of $5,345,858.98. Following the completion of the sale, the chief operating officer now owns 16,627 shares of the company’s stock, valued at approximately $6,734,267.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George R. Mrkonic, Jr. sold 476 shares of the company’s stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $391.84, for a total transaction of $186,515.84. Following the sale, the director now directly owns 2,393 shares of the company’s stock, valued at approximately $937,673.12. The disclosure for this sale can be found here. In the last three months, insiders sold 46,207 shares of company stock valued at $19,411,502. 2.00% of the stock is owned by insiders.

Several analysts recently weighed in on ULTA shares. Oppenheimer lifted their price target on shares of Ulta Beauty from $470.00 to $485.00 and gave the company an “outperform” rating in a report on Friday, May 27th. Barclays lifted their price target on shares of Ulta Beauty from $469.00 to $491.00 and gave the company an “overweight” rating in a report on Tuesday, May 31st. JPMorgan Chase & Co. lifted their price target on shares of Ulta Beauty from $460.00 to $480.00 in a report on Friday, May 27th. Raymond James upgraded shares of Ulta Beauty from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $475.00 to $485.00 in a report on Wednesday, June 29th. Finally, Jefferies Financial Group upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and boosted their target price for the company from $400.00 to $475.00 in a report on Friday, May 27th. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Ulta Beauty has a consensus rating of “Moderate Buy” and an average price target of $460.05.

Shares of NASDAQ:ULTA opened at $382.85 on Tuesday. Ulta Beauty, Inc. has a fifty-two week low of $319.05 and a fifty-two week high of $438.63. The business has a 50-day simple moving average of $393.70 and a two-hundred day simple moving average of $387.76. The firm has a market cap of $19.84 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.79 and a beta of 1.50.

Ulta Beauty (NASDAQ:ULTAGet Rating) last issued its earnings results on Thursday, May 26th. The specialty retailer reported $6.30 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $1.84. Ulta Beauty had a return on equity of 60.83% and a net margin of 12.03%. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the previous year, the firm earned $4.10 EPS. Ulta Beauty’s revenue was up 21.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Ulta Beauty, Inc. will post 20.08 EPS for the current year.

About Ulta Beauty (Get Rating)

Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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