Wilmington Savings Fund Society FSB Cuts Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Wilmington Savings Fund Society FSB lessened its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 80.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 276 shares of the specialty retailer’s stock after selling 1,150 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Ulta Beauty were worth $107,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New York State Teachers Retirement System boosted its stake in Ulta Beauty by 5.0% during the 2nd quarter. New York State Teachers Retirement System now owns 54,189 shares of the specialty retailer’s stock worth $20,910,000 after purchasing an additional 2,581 shares during the last quarter. Clear Creek Financial Management LLC boosted its position in Ulta Beauty by 14.2% during the second quarter. Clear Creek Financial Management LLC now owns 803 shares of the specialty retailer’s stock worth $310,000 after acquiring an additional 100 shares during the last quarter. Independence Bank of Kentucky boosted its position in Ulta Beauty by 16.6% during the second quarter. Independence Bank of Kentucky now owns 1,718 shares of the specialty retailer’s stock worth $663,000 after acquiring an additional 244 shares during the last quarter. Highland Capital Management LLC grew its stake in Ulta Beauty by 0.6% during the 2nd quarter. Highland Capital Management LLC now owns 20,894 shares of the specialty retailer’s stock valued at $8,062,000 after acquiring an additional 117 shares in the last quarter. Finally, Raymond James Trust N.A. raised its holdings in Ulta Beauty by 3.6% in the 2nd quarter. Raymond James Trust N.A. now owns 3,656 shares of the specialty retailer’s stock valued at $1,411,000 after acquiring an additional 126 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $430.01 on Friday. The stock has a market capitalization of $19.94 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 2.38 and a beta of 1.32. The business has a 50-day moving average of $384.31 and a 200 day moving average of $379.44. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the firm posted $5.07 earnings per share. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities research analysts anticipate that Ulta Beauty, Inc. will post 23.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

ULTA has been the topic of several recent research reports. Piper Sandler boosted their target price on Ulta Beauty from $357.00 to $360.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. BMO Capital Markets boosted their price objective on Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Citigroup raised their target price on Ulta Beauty from $390.00 to $450.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Barclays boosted their price target on shares of Ulta Beauty from $335.00 to $410.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Finally, Evercore ISI cut their price objective on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a research report on Monday, August 26th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Ulta Beauty currently has an average rating of “Hold” and a consensus price target of $439.30.

Ulta Beauty 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.