Ulta Beauty Inc. $ULTA Shares Sold by EFG Asset Management Americas Corp.

EFG Asset Management Americas Corp. decreased its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,407 shares of the specialty retailer’s stock after selling 189 shares during the period. Ulta Beauty makes up 1.2% of EFG Asset Management Americas Corp.’s investment portfolio, making the stock its 23rd largest holding. EFG Asset Management Americas Corp.’s holdings in Ulta Beauty were worth $6,740,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of ULTA. ORG Partners LLC raised its holdings in Ulta Beauty by 17.7% during the second quarter. ORG Partners LLC now owns 153 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 23 shares during the last quarter. Chesley Taft & Associates LLC boosted its position in shares of Ulta Beauty by 3.0% in the 2nd quarter. Chesley Taft & Associates LLC now owns 834 shares of the specialty retailer’s stock worth $390,000 after buying an additional 24 shares in the last quarter. OFI Invest Asset Management grew its stake in Ulta Beauty by 6.8% in the 2nd quarter. OFI Invest Asset Management now owns 375 shares of the specialty retailer’s stock valued at $175,000 after acquiring an additional 24 shares during the last quarter. Wambolt & Associates LLC increased its holdings in Ulta Beauty by 1.6% during the 1st quarter. Wambolt & Associates LLC now owns 1,673 shares of the specialty retailer’s stock valued at $626,000 after acquiring an additional 26 shares in the last quarter. Finally, CX Institutional increased its holdings in Ulta Beauty by 8.2% during the 2nd quarter. CX Institutional now owns 424 shares of the specialty retailer’s stock valued at $198,000 after acquiring an additional 32 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $610.00 target price on shares of Ulta Beauty in a research note on Friday, October 17th. Argus upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 price target for the company in a report on Thursday, September 25th. Piper Sandler initiated coverage on shares of Ulta Beauty in a research note on Thursday, September 4th. They set an “overweight” rating and a $590.00 price objective on the stock. The Goldman Sachs Group raised their target price on shares of Ulta Beauty from $530.00 to $584.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Finally, JPMorgan Chase & Co. boosted their price target on Ulta Beauty from $525.00 to $600.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $550.38.

Insider Activity at Ulta Beauty

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the company’s stock in a transaction dated 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 directly 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.17% of the company’s stock.

Ulta Beauty Price Performance

Ulta Beauty stock opened at $497.41 on Thursday. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $572.23. The company has a market cap of $22.30 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 3.36 and a beta of 1.05. The stock’s 50-day moving average is $530.62 and its 200-day moving average is $495.46.

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

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.