Trillium Asset Management LLC Has $4.78 Million Position in Ulta Beauty Inc. $ULTA

Trillium Asset Management LLC reduced its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 3.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,223 shares of the specialty retailer’s stock after selling 382 shares during the period. Trillium Asset Management LLC’s holdings in Ulta Beauty were worth $4,782,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ULTA. Price T Rowe Associates Inc. MD increased its holdings in shares of Ulta Beauty by 128.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer’s stock valued at $449,021,000 after purchasing an additional 688,267 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Ulta Beauty by 81.7% in the first quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer’s stock valued at $334,871,000 after purchasing an additional 410,900 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Ulta Beauty by 64.8% in the first quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer’s stock valued at $341,453,000 after purchasing an additional 366,147 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Ulta Beauty by 5,117.0% in the first quarter. Pacer Advisors Inc. now owns 220,312 shares of the specialty retailer’s stock valued at $80,753,000 after purchasing an additional 216,089 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Ulta Beauty by 237.7% in the first quarter. AQR Capital Management LLC now owns 270,420 shares of the specialty retailer’s stock valued at $96,674,000 after purchasing an additional 190,353 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on ULTA shares. Robert W. Baird upped their price target on shares of Ulta Beauty from $575.00 to $600.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Argus upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 price target on the stock in a research note on Thursday, September 25th. Piper Sandler started coverage on shares of Ulta Beauty in a research note on Thursday, September 4th. They issued an “overweight” rating and a $590.00 price target on the stock. Morgan Stanley upped their price target on shares of Ulta Beauty from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Finally, Raymond James Financial restated an “outperform” rating and issued a $605.00 price target (up from $580.00) on shares of Ulta Beauty in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Ulta Beauty currently has a consensus rating of “Moderate Buy” and a consensus target price of $550.38.

Insider Transactions at Ulta Beauty

In related news, Director Mike C. Smith sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $528.43, for a total value of $264,215.00. Following the completion of the transaction, the director owned 2,263 shares in the company, valued at $1,195,837.09. This trade represents a 18.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is currently owned by company insiders.

Ulta Beauty Trading Up 1.0%

ULTA opened at $521.82 on Thursday. The company’s 50 day moving average is $530.48 and its 200-day moving average is $486.18. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $572.23. The company has a market cap of $23.40 billion, a P/E ratio of 20.01, a PEG ratio of 2.84 and a beta of 1.05.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.03 by $0.75. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.66 billion. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business earned $5.30 EPS. On average, equities analysts forecast that Ulta Beauty Inc. will post 23.96 EPS 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.