Raymond James Trust N.A. decreased its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 4.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,163 shares of the specialty retailer’s stock after selling 50 shares during the quarter. Raymond James Trust N.A.’s holdings in Ulta Beauty were worth $334,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ULTA. Balasa Dinverno & Foltz LLC lifted its holdings in shares of Ulta Beauty by 1.0% in the 2nd quarter. Balasa Dinverno & Foltz LLC now owns 999 shares of the specialty retailer’s stock worth $287,000 after purchasing an additional 10 shares during the last quarter. Wendell David Associates Inc. lifted its holdings in shares of Ulta Beauty by 1.3% in the 2nd quarter. Wendell David Associates Inc. now owns 1,291 shares of the specialty retailer’s stock worth $371,000 after purchasing an additional 16 shares during the last quarter. Chase Investment Counsel Corp lifted its holdings in shares of Ulta Beauty by 1.1% in the 2nd quarter. Chase Investment Counsel Corp now owns 1,683 shares of the specialty retailer’s stock worth $483,000 after purchasing an additional 18 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in shares of Ulta Beauty by 0.7% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 3,645 shares of the specialty retailer’s stock worth $1,047,000 after purchasing an additional 25 shares during the last quarter. Finally, Cleararc Capital Inc. lifted its holdings in shares of Ulta Beauty by 1.9% in the 1st quarter. Cleararc Capital Inc. now owns 1,448 shares of the specialty retailer’s stock worth $413,000 after purchasing an additional 27 shares during the last quarter. Institutional investors own 87.91% of the company’s stock.

Shares of Ulta Beauty Inc. (ULTA) opened at 227.08 on Tuesday. Ulta Beauty Inc. has a 1-year low of $204.01 and a 1-year high of $314.86. The stock has a 50 day moving average price of $234.52 and a 200-day moving average price of $271.52. The company has a market cap of $13.95 billion, a P/E ratio of 30.23 and a beta of 0.57.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.05. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the business earned $1.43 EPS. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. Analysts predict that Ulta Beauty Inc. will post $8.38 earnings per share for the current fiscal year.

ULTA has been the topic of several recent research reports. Jefferies Group LLC set a $350.00 price target on Ulta Beauty and gave the stock a “buy” rating in a report on Monday, August 14th. Piper Jaffray Companies reissued a “buy” rating and issued a $330.00 price target on shares of Ulta Beauty in a report on Monday, August 21st. Stifel Nicolaus cut their price target on Ulta Beauty from $325.00 to $270.00 and set a “hold” rating on the stock in a report on Monday, August 21st. Zacks Investment Research raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $329.00 price target on the stock in a report on Monday, May 22nd. Finally, Morgan Stanley cut their price target on Ulta Beauty from $313.00 to $245.00 and set an “equal weight” rating on the stock in a report on Monday, August 28th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $281.63.

In other news, Director Michael R. Macdonald acquired 2,000 shares of Ulta Beauty stock in a transaction on Tuesday, August 29th. The shares were purchased at an average price of $208.37 per share, with a total value of $416,740.00. Following the acquisition, the director now owns 6,224 shares in the company, valued at $1,296,894.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. 5.20% of the stock is currently owned by corporate insiders.

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Ulta Beauty Profile

Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.

Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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