Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 95.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,354 shares of the specialty retailer’s stock after selling 78,301 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Ulta Beauty were worth $1,294,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vima LLC acquired a new stake in Ulta Beauty during the 4th quarter valued at $27,000. Riverview Trust Co purchased a new stake in shares of Ulta Beauty in the first quarter valued at $30,000. Sound Income Strategies LLC boosted its stake in shares of Ulta Beauty by 490.0% during the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 49 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Ulta Beauty during the first quarter valued at $31,000. Finally, Manchester Capital Management LLC raised its stake in Ulta Beauty by 41.2% in the 4th quarter. Manchester Capital Management LLC now owns 72 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 21 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Stock Up 1.7 %

Ulta Beauty stock opened at $358.80 on Wednesday. The firm has a fifty day moving average of $370.89 and a 200-day moving average of $422.20. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The firm has a market capitalization of $16.91 billion, a P/E ratio of 13.99, a PEG ratio of 2.04 and a beta of 1.31.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same period last year, the business earned $6.02 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, research analysts expect that Ulta Beauty, Inc. will post 23.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ULTA shares. Citigroup decreased their price target on shares of Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating on the stock in a research note on Friday, August 30th. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. TD Cowen reduced their price target on Ulta Beauty from $500.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Wells Fargo & Company lowered their price objective on Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating for the company in a research report on Friday, August 30th. Finally, Evercore ISI reduced their target price on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $430.74.

Insiders Place Their Bets

In other news, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total transaction of $39,008.00. Following the transaction, the director now directly owns 2,017 shares of the company’s stock, valued at $786,791.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total transaction of $39,008.00. Following the sale, the director now directly owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jodi J. Caro sold 650 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total value of $252,642.00. Following the completion of the transaction, the insider now owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The disclosure for this sale can be found here. 0.39% of the stock is 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.