Private Trust Co. NA Lowers Stock Position in Ulta Beauty Inc. $ULTA

Private Trust Co. NA cut its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 31.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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.

A number of other institutional investors have also recently added to or reduced their stakes in ULTA. ORG Partners LLC lifted its holdings in Ulta Beauty by 17.7% in the second quarter. ORG Partners LLC now owns 153 shares of the specialty retailer’s stock worth $72,000 after acquiring an additional 23 shares during the last quarter. Chesley Taft & Associates LLC lifted its holdings in Ulta Beauty by 3.0% in the second quarter. Chesley Taft & Associates LLC now owns 834 shares of the specialty retailer’s stock worth $390,000 after acquiring an additional 24 shares during the last quarter. OFI Invest Asset Management lifted its holdings in Ulta Beauty by 6.8% in the second quarter. OFI Invest Asset Management now owns 375 shares of the specialty retailer’s stock worth $175,000 after acquiring an additional 24 shares during the last quarter. Wambolt & Associates LLC lifted its holdings in Ulta Beauty by 1.6% in the first quarter. Wambolt & Associates LLC now owns 1,673 shares of the specialty retailer’s stock worth $626,000 after acquiring an additional 26 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its holdings in Ulta Beauty by 32.5% in the first quarter. Westside Investment Management Inc. now owns 110 shares of the specialty retailer’s stock worth $40,000 after acquiring an additional 27 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity 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 transaction of $264,215.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is owned by corporate insiders.

Ulta Beauty Price Performance

Shares of ULTA stock opened at $517.66 on Friday. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $572.23. The firm has a market capitalization of $23.21 billion, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 2.89 and a beta of 1.08. The business has a 50 day simple moving average of $531.50 and a 200 day simple moving average of $475.52.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 EPS 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 business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the business earned $5.30 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Analysts Set New Price Targets

ULTA has been the topic of a number of recent research reports. Argus raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 target price on the stock in a report on Thursday, September 25th. Loop Capital reissued a “hold” rating and issued a $510.00 target price on shares of Ulta Beauty in a report on Friday, July 25th. Robert W. Baird raised their target price on shares of Ulta Beauty from $575.00 to $600.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Telsey Advisory Group restated an “outperform” rating and issued a $610.00 price target on shares of Ulta Beauty in a research note on Friday, October 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ulta Beauty in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Ulta Beauty presently has an average rating of “Moderate Buy” and an average target price 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.