Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB cut its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 80.6% in the third quarter, HoldingsChannel.com reports. The institutional investor 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 SEC filing.

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

Ulta Beauty Trading Up 1.1 %

Shares of ULTA stock opened at $430.01 on Friday. The company has a market capitalization of $19.94 billion, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 2.38 and a beta of 1.32. The business’s 50 day moving average is $384.31 and its two-hundred day moving average is $379.44. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the company earned $5.07 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, equities analysts predict that Ulta Beauty, Inc. will post 23.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ULTA. BMO Capital Markets lifted their price target on Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. William Blair downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Oppenheimer increased their price target on shares of Ulta Beauty from $435.00 to $505.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Telsey Advisory Group boosted their price objective on shares of Ulta Beauty from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, UBS Group increased their target price on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $439.30.

About Ulta Beauty

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.