Ulta Beauty Inc. $ULTA Shares Sold by Stephens Inc. AR

Stephens Inc. AR trimmed its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 13.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,762 shares of the specialty retailer’s stock after selling 2,508 shares during the period. Stephens Inc. AR’s holdings in Ulta Beauty were worth $7,374,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in Ulta Beauty by 17.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,092 shares of the specialty retailer’s stock valued at $2,190,000 after purchasing an additional 924 shares during the period. Ascent Group LLC acquired a new stake in Ulta Beauty in the second quarter valued at approximately $395,000. Concurrent Investment Advisors LLC acquired a new stake in Ulta Beauty in the first quarter valued at approximately $201,000. J. Safra Sarasin Holding AG grew its holdings in 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 purchasing an additional 2,828 shares during the period. Finally, Allegiance Financial Group Advisory Services LLC acquired a new stake in Ulta Beauty in the second quarter valued at approximately $306,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ulta Beauty

In other news, Director Mike C. Smith sold 500 shares of the company’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $528.43, for a total value of $264,215.00. Following the transaction, the director owned 2,263 shares of the company’s stock, valued at $1,195,837.09. This represents a 18.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ULTA has been the topic of a number of research analyst reports. Piper Sandler initiated coverage on Ulta Beauty in a research note on Thursday, September 4th. They issued an “overweight” rating and a $590.00 price target on the stock. Barclays lifted their price target on Ulta Beauty from $589.00 to $617.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. DA Davidson lifted their price target on Ulta Beauty from $585.00 to $625.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Bank of America lifted their price target on Ulta Beauty from $500.00 to $575.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Finally, JPMorgan Chase & Co. boosted their price objective on Ulta Beauty from $525.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $550.38.

Ulta Beauty Stock Down 1.8%

Shares of Ulta Beauty stock opened at $523.72 on Tuesday. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $572.23. The business’s fifty day simple moving average is $531.67 and its 200-day simple moving average is $472.27. The firm has a market cap of $23.48 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 2.94 and a beta of 1.08.

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

Ulta Beauty 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.