Central Bank & Trust Co. Has $635,000 Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Central Bank & Trust Co. boosted its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 90.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,733 shares of the specialty retailer’s stock after acquiring an additional 824 shares during the quarter. Central Bank & Trust Co.’s holdings in Ulta Beauty were worth $635,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. LaFleur & Godfrey LLC boosted its holdings in shares of Ulta Beauty by 32.1% during the 4th quarter. LaFleur & Godfrey LLC now owns 2,455 shares of the specialty retailer’s stock valued at $1,068,000 after acquiring an additional 596 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Ulta Beauty by 24.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,168 shares of the specialty retailer’s stock valued at $2,279,000 after purchasing an additional 1,021 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Ulta Beauty by 5.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 117,770 shares of the specialty retailer’s stock worth $51,222,000 after purchasing an additional 5,861 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Ulta Beauty by 20.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,805 shares of the specialty retailer’s stock worth $2,525,000 after purchasing an additional 988 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $233,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on ULTA. Canaccord Genuity Group upped their price target on shares of Ulta Beauty from $510.00 to $542.00 and gave the company a “buy” rating in a research report on Friday, May 30th. DA Davidson lifted their target price on Ulta Beauty from $415.00 to $485.00 and gave the stock a “buy” rating in a report on Friday, May 30th. Citigroup increased their price target on Ulta Beauty from $425.00 to $450.00 and gave the company a “neutral” rating in a research note on Friday, May 30th. Truist Financial lifted their price objective on Ulta Beauty from $364.00 to $386.00 and gave the stock a “neutral” rating in a research note on Thursday, May 15th. Finally, JPMorgan Chase & Co. increased their target price on shares of Ulta Beauty from $477.00 to $525.00 and gave the company an “overweight” rating in a research report on Friday, May 30th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $460.91.

Ulta Beauty Stock Performance

Shares of NASDAQ ULTA opened at $465.64 on Friday. The firm’s 50-day simple moving average is $394.80 and its 200 day simple moving average is $391.91. The stock has a market cap of $20.93 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 0.89 and a beta of 1.09. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $491.98.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.73 by $0.97. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.79 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.47 earnings per share. On average, sell-side analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the transaction, the insider now owns 7,632 shares of the company’s stock, valued at approximately $2,817,429.12. The trade was a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.17% of the company’s stock.

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.