Ulta Beauty Inc. $ULTA Stock Holdings Cut by Rothschild Investment LLC

Rothschild Investment LLC cut its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 14.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,803 shares of the specialty retailer’s stock after selling 307 shares during the quarter. Rothschild Investment LLC’s holdings in Ulta Beauty were worth $843,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Ulta Beauty by 4.3% in the second quarter. Nomura Asset Management Co. Ltd. now owns 23,500 shares of the specialty retailer’s stock valued at $10,994,000 after buying an additional 972 shares during the period. Symphony Financial Ltd. Co. acquired a new position in Ulta Beauty during the second quarter worth about $38,971,000. Westpac Banking Corp raised its position in Ulta Beauty by 1,418.2% in the second quarter. Westpac Banking Corp now owns 10,734 shares of the specialty retailer’s stock worth $5,022,000 after acquiring an additional 10,027 shares in the last quarter. Western Wealth Management LLC acquired a new stake in Ulta Beauty in the 2nd quarter valued at about $210,000. Finally, MTM Investment Management LLC acquired a new stake in Ulta Beauty in the 2nd quarter valued at about $47,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $509.57 on Tuesday. The company has a market cap of $22.85 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 2.91 and a beta of 1.05. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $572.23. The firm has a 50 day simple moving average of $531.11 and a 200 day simple moving average of $494.66.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share for the quarter, topping the consensus estimate 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 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Insiders Place Their Bets

In related 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 transaction of $264,215.00. Following the transaction, the director directly owned 2,263 shares of the company’s stock, valued at approximately $1,195,837.09. The trade was a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ULTA has been the topic of several recent research reports. Piper Sandler assumed coverage on shares of Ulta Beauty in a research note on Thursday, September 4th. They issued an “overweight” rating and a $590.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on shares of Ulta Beauty from $525.00 to $600.00 and gave the stock an “overweight” rating in a report on Friday, August 22nd. Citigroup lifted their price target on shares of Ulta Beauty from $450.00 to $550.00 and gave the stock a “neutral” rating in a research report on Monday, August 18th. Loop Capital reiterated a “hold” rating and set a $510.00 price objective on shares of Ulta Beauty in a research report on Friday, July 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ulta Beauty in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $550.38.

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.