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

Stock Yards Bank & Trust Co. decreased its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 34.8% in the second quarter, HoldingsChannel reports. The firm owned 562 shares of the specialty retailer’s stock after selling 300 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Ulta Beauty were worth $217,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Ulta Beauty during the fourth quarter valued at about $263,192,000. Global Assets Advisory LLC purchased a new stake in shares of Ulta Beauty in the 1st quarter valued at approximately $176,753,000. TD Asset Management Inc boosted its stake in Ulta Beauty by 177.8% in the 4th quarter. TD Asset Management Inc now owns 407,347 shares of the specialty retailer’s stock worth $199,596,000 after purchasing an additional 260,740 shares during the period. Los Angeles Capital Management LLC grew its position in Ulta Beauty by 210.4% during the 1st quarter. Los Angeles Capital Management LLC now owns 271,550 shares of the specialty retailer’s stock worth $141,988,000 after purchasing an additional 184,060 shares in the last quarter. Finally, Boston Partners raised its stake in Ulta Beauty by 47.7% during the 1st quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock valued at $246,862,000 after purchasing an additional 153,727 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Ulta Beauty from $530.00 to $544.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Ulta Beauty from $552.00 to $448.00 and set a “buy” rating on the stock in a research report on Wednesday, August 28th. Raymond James downgraded shares of Ulta Beauty from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $500.00 to $450.00 in a research report on Friday, August 30th. Canaccord Genuity Group lowered their price target on shares of Ulta Beauty from $522.00 to $500.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Finally, UBS Group cut their price objective on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $425.29.

Insider Activity at Ulta Beauty

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

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $402.72 on Thursday. 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 $18.98 billion, a PE ratio of 15.71, a PEG ratio of 2.22 and a beta of 1.31. The business’s 50-day simple moving average is $368.18 and its 200-day simple moving average is $410.00.

Ulta Beauty (NASDAQ:ULTA) last issued 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). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the prior year, the firm earned $6.02 earnings per share. The business’s quarterly revenue was up .9% on a year-over-year basis. Research analysts forecast that Ulta Beauty, Inc. will post 23.21 earnings per share for the current year.

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.