Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Cary Street Partners Asset Management LLC

Cary Street Partners Asset Management LLC lowered its holdings in Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,706 shares of the specialty retailer’s stock after selling 36 shares during the quarter. Cary Street Partners Asset Management LLC’s holdings in Ulta Beauty were worth $803,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Prudential PLC acquired a new position in shares of Ulta Beauty in the 1st quarter valued at $425,000. Vanguard Group Inc. boosted its holdings in Ulta Beauty by 0.7% during the first quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer’s stock worth $2,344,096,000 after buying an additional 40,190 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in Ulta Beauty by 2.8% during the first quarter. Baird Financial Group Inc. now owns 8,299 shares of the specialty retailer’s stock worth $3,305,000 after buying an additional 223 shares in the last quarter. Loomis Sayles & Co. L P boosted its holdings in Ulta Beauty by 38.6% during the first quarter. Loomis Sayles & Co. L P now owns 1,117 shares of the specialty retailer’s stock worth $444,000 after buying an additional 311 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Ulta Beauty by 59.1% during the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock worth $28,000 after buying an additional 26 shares in the last quarter. Institutional investors and hedge funds own 92.30% of the company’s stock.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock traded up $3.72 during trading hours on Friday, hitting $409.27. The company’s stock had a trading volume of 554,802 shares, compared to its average volume of 688,331. The firm has a fifty day moving average of $392.95 and a 200-day moving average of $433.77. The stock has a market cap of $20.15 billion, a price-to-earnings ratio of 16.42, a P/E/G ratio of 1.79 and a beta of 1.36. Ulta Beauty, Inc. has a twelve month low of $368.02 and a twelve month high of $556.60.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last released its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.85 by $0.17. Ulta Beauty had a net margin of 11.77% and a return on equity of 63.51%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the firm earned $5.70 EPS. The business’s revenue was up 10.1% on a year-over-year basis. On average, sell-side analysts expect that Ulta Beauty, Inc. will post 25.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ULTA shares. Morgan Stanley reduced their price target on Ulta Beauty from $520.00 to $480.00 and set an “equal weight” rating for the company in a report on Monday, August 28th. Wells Fargo & Company boosted their price target on shares of Ulta Beauty from $350.00 to $375.00 and gave the stock an “underweight” rating in a report on Friday, August 25th. Evercore ISI started coverage on Ulta Beauty in a research note on Tuesday, November 7th. They set an “outperform” rating and a $460.00 price objective for the company. Raymond James lowered their price target on Ulta Beauty from $550.00 to $500.00 and set a “strong-buy” rating on the stock in a research note on Monday, October 23rd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $600.00 price objective on shares of Ulta Beauty in a research note on Thursday, August 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ulta Beauty currently has a consensus rating of “Moderate Buy” and an average target price of $530.35.

Check Out Our Latest Analysis on ULTA

Ulta Beauty Profile

(Free Report)

Ulta Beauty, Inc operate specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services in the United States. It offers broad assortment of branded and private label beauty products including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools; and salon services, including hair, skin, makeup, and brow services, as well as nail services.

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

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