Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 4.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,711 shares of the specialty retailer’s stock after selling 532 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ulta Beauty were worth $3,312,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Raymond James Trust N.A. increased its stake in Ulta Beauty by 1.7% during the 1st quarter. Raymond James Trust N.A. now owns 2,883 shares of the specialty retailer’s stock valued at $891,000 after buying an additional 47 shares during the period. Signaturefd LLC boosted its position in shares of Ulta Beauty by 17.8% during the 1st quarter. Signaturefd LLC now owns 502 shares of the specialty retailer’s stock valued at $155,000 after purchasing an additional 76 shares in the last quarter. Wealthstreet Investment Advisors LLC bought a new position in shares of Ulta Beauty during the 1st quarter valued at about $227,000. PCJ Investment Counsel Ltd. bought a new position in shares of Ulta Beauty during the 1st quarter valued at about $992,000. Finally, Stoneridge Investment Partners LLC bought a new position in shares of Ulta Beauty during the 1st quarter valued at about $216,000. 86.83% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on ULTA shares. Telsey Advisory Group raised their price objective on shares of Ulta Beauty from $315.00 to $375.00 and gave the company an “outperform” rating in a research report on Monday, March 8th. BMO Capital Markets raised their target price on shares of Ulta Beauty from $265.00 to $310.00 and gave the stock a “market perform” rating in a report on Friday, March 12th. Oppenheimer reiterated a “buy” rating and issued a $360.00 target price on shares of Ulta Beauty in a report on Thursday, March 11th. Credit Suisse Group raised their target price on shares of Ulta Beauty from $308.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, March 18th. Finally, Loop Capital raised their target price on shares of Ulta Beauty from $280.00 to $320.00 and gave the stock a “hold” rating in a report on Monday, March 22nd. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $323.52.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Wednesday, March 10th. The specialty retailer reported $3.41 EPS for the quarter, beating the Zacks’ consensus estimate of $2.27 by $1.14. Ulta Beauty had a net margin of 3.63% and a return on equity of 15.94%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same quarter last year, the firm posted $3.89 earnings per share. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. As a group, research analysts expect that Ulta Beauty, Inc. will post 3.94 EPS for the current fiscal year.
In other news, Director Charles Heilbronn sold 15,397 shares of the firm’s stock in a transaction on Wednesday, April 14th. The shares were sold at an average price of $334.79, for a total value of $5,154,761.63. Also, Director Lorna Nagler sold 4,666 shares of the firm’s stock in a transaction on Monday, April 5th. The stock was sold at an average price of $317.74, for a total transaction of $1,482,574.84. Following the completion of the sale, the director now owns 11,629 shares in the company, valued at approximately $3,694,998.46. The disclosure for this sale can be found here. In the last three months, insiders sold 820,644 shares of company stock worth $256,177,793. Insiders own 4.70% of the company’s stock.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.
Further Reading: What Does a Sell-Side Analyst Rating Mean?
Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.