Bath Savings Trust Co Sells 455 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Bath Savings Trust Co reduced its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 10.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,092 shares of the specialty retailer’s stock after selling 455 shares during the quarter. Bath Savings Trust Co’s holdings in Ulta Beauty were worth $1,592,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Global Assets Advisory LLC bought a new stake in shares of Ulta Beauty during the 1st quarter worth approximately $176,753,000. Los Angeles Capital Management LLC grew its holdings in Ulta Beauty by 210.4% during the first 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 during the period. Hsbc Holdings PLC boosted its stake in shares of Ulta Beauty by 87.3% during the 2nd quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer’s stock worth $130,380,000 after acquiring an additional 157,497 shares during the period. Boston Partners increased its holdings in shares of Ulta Beauty by 47.7% in the first 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 last quarter. Finally, TD Asset Management Inc grew its stake in Ulta Beauty by 33.6% in the 1st quarter. TD Asset Management Inc now owns 544,072 shares of the specialty retailer’s stock valued at $284,484,000 after buying an additional 136,725 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ULTA shares. Oppenheimer lowered their target price on shares of Ulta Beauty from $450.00 to $435.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Piper Sandler reaffirmed a “neutral” rating and set a $356.00 target price (down previously from $404.00) on shares of Ulta Beauty in a research note on Friday, August 30th. Bank of America dropped their price target on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Telsey Advisory Group lowered their target price on Ulta Beauty from $500.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Finally, StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Saturday, September 28th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ulta Beauty currently has an average rating of “Hold” and a consensus price target of $425.08.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock opened at $370.01 on Tuesday. The stock has a market capitalization of $17.66 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 2.13 and a beta of 1.32. The stock has a 50 day moving average price of $368.67 and a two-hundred day moving average price of $396.13. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (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 firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the previous year, the company earned $6.02 EPS. The business’s revenue was up .9% compared to the same quarter last year. Research analysts forecast that Ulta Beauty, Inc. will post 23.21 EPS 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.