Rathbones Group PLC Sells 16,883 Shares of Ulta Beauty Inc. $ULTA

Rathbones Group PLC trimmed its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 10.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 142,160 shares of the specialty retailer’s stock after selling 16,883 shares during the period. Rathbones Group PLC’s holdings in Ulta Beauty were worth $66,505,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ULTA. Hemington Wealth Management increased its holdings in shares of Ulta Beauty by 142.9% during the 2nd quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 40 shares during the last quarter. Ransom Advisory Ltd bought a new stake in Ulta Beauty during the first quarter worth approximately $36,000. Costello Asset Management INC bought a new stake in Ulta Beauty during the first quarter worth approximately $37,000. Larson Financial Group LLC grew its holdings in Ulta Beauty by 178.4% during the first quarter. Larson Financial Group LLC now owns 103 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 66 shares during the last quarter. Finally, Mid American Wealth Advisory Group Inc. acquired a new position in Ulta Beauty during the second quarter valued at approximately $52,000. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ULTA has been the subject of a number of analyst reports. Canaccord Genuity Group boosted their price objective on shares of Ulta Beauty from $650.00 to $653.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Raymond James Financial reiterated an “outperform” rating and issued a $605.00 target price (up previously from $580.00) on shares of Ulta Beauty in a report on Friday, August 29th. JPMorgan Chase & Co. boosted their target price on shares of Ulta Beauty from $525.00 to $600.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. Evercore ISI raised their price target on Ulta Beauty from $595.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $610.00 price objective on shares of Ulta Beauty in a research note on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $550.38.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $517.79 on Friday. The firm has a market capitalization of $23.22 billion, a price-to-earnings ratio of 19.85, a P/E/G ratio of 2.85 and a beta of 1.05. The company’s fifty day moving average is $530.57 and its two-hundred day moving average is $488.16. Ulta Beauty Inc. has a 52-week low of $309.01 and a 52-week high of $572.23.

Ulta Beauty (NASDAQ:ULTA) last announced 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 during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the prior year, the business earned $5.30 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, sell-side analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $528.43, for a total value of $264,215.00. Following the completion of the sale, the director owned 2,263 shares in the company, valued at approximately $1,195,837.09. This trade represents a 18.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by company insiders.

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.