Envestnet Asset Management Inc. Has $34.75 Million Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Envestnet Asset Management Inc. decreased its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 12.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,047 shares of the specialty retailer’s stock after selling 13,066 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.19% of Ulta Beauty worth $34,746,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Coldstream Capital Management Inc. lifted its position in Ulta Beauty by 41.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 843 shares of the specialty retailer’s stock worth $413,000 after acquiring an additional 248 shares during the last quarter. Corient Private Wealth LLC increased its stake in shares of Ulta Beauty by 32.4% in the fourth quarter. Corient Private Wealth LLC now owns 12,509 shares of the specialty retailer’s stock worth $6,129,000 after purchasing an additional 3,059 shares during the period. US Bancorp DE lifted its position in shares of Ulta Beauty by 40.0% during the 4th quarter. US Bancorp DE now owns 16,539 shares of the specialty retailer’s stock worth $8,104,000 after purchasing an additional 4,729 shares during the last quarter. Commerce Bank boosted its stake in Ulta Beauty by 1.0% during the 4th quarter. Commerce Bank now owns 2,742 shares of the specialty retailer’s stock valued at $1,344,000 after purchasing an additional 26 shares during the period. Finally, Congress Wealth Management LLC DE grew its holdings in Ulta Beauty by 2.1% in the 4th quarter. Congress Wealth Management LLC DE now owns 27,926 shares of the specialty retailer’s stock valued at $13,684,000 after buying an additional 570 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Stock Down 0.3 %

NASDAQ:ULTA opened at $402.01 on Friday. The firm has a market cap of $19.18 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The company’s 50-day moving average price is $368.01 and its two-hundred day moving average price is $408.95.

Ulta Beauty (NASDAQ:ULTA) last announced its 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 analyst estimates of $2.61 billion. During the same period in the previous year, the firm earned $6.02 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. On average, research analysts expect that Ulta Beauty, Inc. will post 23.21 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Raymond James lowered Ulta Beauty from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from $500.00 to $450.00 in a report on Friday, August 30th. JPMorgan Chase & Co. increased their price target on shares of Ulta Beauty from $530.00 to $544.00 and gave the company an “overweight” rating in a report on Friday, May 31st. DA Davidson dropped their price objective on shares of Ulta Beauty from $507.00 to $435.00 and set a “buy” rating on the stock in a report on Friday, August 30th. The Goldman Sachs Group reduced their target price on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Ulta Beauty from $552.00 to $448.00 and set a “buy” rating on the stock in a research note on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Ulta Beauty currently has a consensus rating of “Hold” and an average price target of $425.29.

Insiders Place Their Bets

In related news, insider Jodi J. Caro sold 650 shares of Ulta Beauty stock in a transaction dated 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 directly owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of the stock in a transaction 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 transaction, the director now directly owns 2,017 shares in the company, valued at approximately $786,791.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jodi J. Caro sold 650 shares of the business’s stock in a transaction 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 sale, the insider now owns 6,801 shares of the company’s stock, valued at approximately $2,643,412.68. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Ulta Beauty 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.