Country Club Bank Has $2.16 Million Holdings in Ulta Beauty Inc. $ULTA

Country Club Bank lessened its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 2.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,709 shares of the specialty retailer’s stock after selling 129 shares during the period. Country Club Bank’s holdings in Ulta Beauty were worth $2,158,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Ulta Beauty by 17.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,092 shares of the specialty retailer’s stock worth $2,190,000 after acquiring an additional 924 shares during the period. Kingswood Wealth Advisors LLC boosted its holdings in shares of Ulta Beauty by 14.8% during the first quarter. Kingswood Wealth Advisors LLC now owns 1,179 shares of the specialty retailer’s stock worth $435,000 after acquiring an additional 152 shares during the period. Concurrent Investment Advisors LLC bought a new stake in shares of Ulta Beauty during the first quarter worth approximately $201,000. Farther Finance Advisors LLC boosted its stake in shares of Ulta Beauty by 128.9% in the first quarter. Farther Finance Advisors LLC now owns 737 shares of the specialty retailer’s stock valued at $275,000 after buying an additional 415 shares during the period. Finally, J. Safra Sarasin Holding AG boosted its stake in shares of Ulta Beauty by 167.8% in the second quarter. J. Safra Sarasin Holding AG now owns 4,513 shares of the specialty retailer’s stock valued at $2,111,000 after buying an additional 2,828 shares during the period. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays boosted their price target on Ulta Beauty from $589.00 to $617.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Wells Fargo & Company boosted their price target on Ulta Beauty from $400.00 to $425.00 and gave the company an “underweight” rating in a research note on Friday, August 29th. Robert W. Baird boosted their price target on Ulta Beauty from $575.00 to $600.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. DA Davidson boosted their price target on Ulta Beauty from $585.00 to $625.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Finally, The Goldman Sachs Group boosted their price target on Ulta Beauty from $530.00 to $584.00 and gave the company a “buy” rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $544.20.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $556.77 on Wednesday. The business has a fifty day moving average price of $525.50 and a two-hundred day moving average price of $460.62. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $567.99. The stock has a market capitalization of $24.97 billion, a PE ratio of 21.35, a PEG ratio of 3.12 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share for the quarter, topping the consensus estimate of $5.03 by $0.75. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.66 billion. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company earned $5.30 earnings per share. As a group, sell-side analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Insider Activity

In other news, Director Mike C. Smith sold 500 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $528.43, for a total transaction of $264,215.00. Following the completion of the transaction, the director directly owned 2,263 shares in the company, valued at approximately $1,195,837.09. This represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.39% of the company’s stock.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.