Stock Yards Bank & Trust Co. Cuts Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Stock Yards Bank & Trust Co. reduced its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 34.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 562 shares of the specialty retailer’s stock after selling 300 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Ulta Beauty were worth $217,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ULTA. UMB Bank n.a. boosted its position in Ulta Beauty by 83.3% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 30 shares during the period. Vima LLC acquired a new position in shares of Ulta Beauty during the fourth quarter worth about $27,000. Riverview Trust Co purchased a new stake in shares of Ulta Beauty in the first quarter worth about $30,000. Sound Income Strategies LLC grew its stake in shares of Ulta Beauty by 490.0% in the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 49 shares in the last quarter. Finally, LRI Investments LLC purchased a new stake in shares of Ulta Beauty during the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Trading Up 1.4 %

Shares of NASDAQ ULTA opened at $402.72 on Thursday. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The company has a market cap of $18.98 billion, a PE ratio of 15.71, a P/E/G ratio of 2.22 and a beta of 1.31. The stock has a 50 day simple moving average of $368.18 and a 200-day simple moving average of $410.00.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $6.02 EPS. Sell-side analysts forecast that Ulta Beauty, Inc. will post 23.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Ulta Beauty

In other news, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total value of $39,008.00. Following the completion of the sale, the director now directly owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $252,642.00. Following 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 filing with the SEC, which is available through this hyperlink. Also, Director Catherine Ann Halligan sold 100 shares of the company’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 completion of the sale, the director now directly owns 2,017 shares of the company’s stock, valued at $786,791.36. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ULTA has been the subject of several recent research reports. Robert W. Baird lowered their price objective on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a research report on Friday, August 23rd. Piper Sandler reiterated a “neutral” rating and set a $356.00 target price (down from $404.00) on shares of Ulta Beauty in a research note on Friday, August 30th. Wells Fargo & Company decreased their price target on shares of Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating for the company in a research report on Friday, August 30th. BMO Capital Markets cut their price target on shares of Ulta Beauty from $500.00 to $385.00 and set a “market perform” rating on the stock in a report on Friday, August 30th. Finally, Evercore ISI decreased their price objective on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a report on Monday, August 26th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Ulta Beauty currently has an average rating of “Hold” and an average price target of $425.29.

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.