Ulta Beauty Inc. $ULTA Shares Sold by Private Trust Co. NA

Private Trust Co. NA trimmed its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 31.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 90 shares of the specialty retailer’s stock after selling 41 shares during the period. Private Trust Co. NA’s holdings in Ulta Beauty were worth $42,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new stake in Ulta Beauty during the first quarter worth approximately $31,000. Hemington Wealth Management boosted its holdings in Ulta Beauty by 142.9% during the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock worth $31,000 after buying an additional 40 shares in the last quarter. Ransom Advisory Ltd bought a new stake in Ulta Beauty during the first quarter worth approximately $36,000. Costello Asset Management INC bought a new stake in Ulta Beauty during the first quarter worth approximately $37,000. Finally, Larson Financial Group LLC boosted its holdings in Ulta Beauty by 178.4% during the first quarter. Larson Financial Group LLC now owns 103 shares of the specialty retailer’s stock worth $38,000 after buying an additional 66 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ULTA has been the subject of a number of research reports. DA Davidson raised their target price on shares of Ulta Beauty from $585.00 to $625.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Robert W. Baird raised their price objective on shares of Ulta Beauty from $575.00 to $600.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Raymond James Financial reissued an “outperform” rating and set a $605.00 target price (up from $580.00) on shares of Ulta Beauty in a research note on Friday, August 29th. Morgan Stanley boosted their target price 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, The Goldman Sachs Group lifted their price target on Ulta Beauty from $530.00 to $584.00 and gave the company a “buy” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $550.38.

Insider Activity

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of Ulta Beauty 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 sale, the director owned 2,263 shares of the company’s stock, 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 SEC, which is available at this hyperlink. 0.17% of the stock is owned by company insiders.

Ulta Beauty Stock Down 1.3%

Shares of NASDAQ:ULTA opened at $517.66 on Friday. The firm has a fifty day moving average of $531.50 and a two-hundred day moving average of $475.52. The firm has a market capitalization of $23.21 billion, a P/E ratio of 19.85, a price-to-earnings-growth ratio of 2.89 and a beta of 1.08. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $572.23.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results 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 company 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 company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $5.30 EPS. Equities research analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal 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.