Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Central Bank & Trust Co.

Central Bank & Trust Co. trimmed its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 4.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 919 shares of the specialty retailer’s stock after selling 45 shares during the quarter. Central Bank & Trust Co.’s holdings in Ulta Beauty were worth $358,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norden Group LLC lifted its holdings in Ulta Beauty by 49.0% during the first quarter. Norden Group LLC now owns 1,176 shares of the specialty retailer’s stock valued at $615,000 after purchasing an additional 387 shares in the last quarter. Financial Counselors Inc. raised its holdings in shares of Ulta Beauty by 26.1% during the first quarter. Financial Counselors Inc. now owns 565 shares of the specialty retailer’s stock valued at $295,000 after acquiring an additional 117 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Ulta Beauty by 848.0% in the first quarter. Larson Financial Group LLC now owns 474 shares of the specialty retailer’s stock valued at $248,000 after acquiring an additional 424 shares in the last quarter. Valley Wealth Managers Inc. boosted its stake in shares of Ulta Beauty by 18.2% in the first quarter. Valley Wealth Managers Inc. now owns 676 shares of the specialty retailer’s stock worth $353,000 after acquiring an additional 104 shares during the last quarter. Finally, Advisory Services Network LLC increased its position in shares of Ulta Beauty by 4.3% during the first quarter. Advisory Services Network LLC now owns 7,960 shares of the specialty retailer’s stock worth $4,162,000 after purchasing an additional 327 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $382.91 on Wednesday. The stock has a market capitalization of $18.04 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 2.21 and a beta of 1.33. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The company has a 50 day moving average price of $376.73 and a 200 day moving average price of $380.59.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing the consensus estimate of $5.47 by ($0.17). The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the firm earned $6.02 EPS. On average, research analysts forecast that Ulta Beauty, Inc. will post 23.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ULTA has been the topic of several recent research reports. DA Davidson lowered their target price on shares of Ulta Beauty from $507.00 to $435.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Bank of America cut their price objective on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating for the company in a report on Friday, August 30th. Piper Sandler boosted their target price on Ulta Beauty from $356.00 to $357.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Barclays increased their price target on Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Finally, Evercore ISI lowered their price target on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $420.71.

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.