Dorsey & Whitney Trust CO LLC Sells 3,068 Shares of Ulta Beauty Inc. $ULTA

Dorsey & Whitney Trust CO LLC decreased its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 76.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 942 shares of the specialty retailer’s stock after selling 3,068 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Ulta Beauty were worth $441,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of ULTA. J. Safra Sarasin Holding AG raised its stake in shares of Ulta Beauty by 167.8% in the 2nd quarter. J. Safra Sarasin Holding AG now owns 4,513 shares of the specialty retailer’s stock valued at $2,111,000 after buying an additional 2,828 shares in the last quarter. Ascent Group LLC bought a new stake in Ulta Beauty in the second quarter valued at about $395,000. Allegiance Financial Group Advisory Services LLC acquired a new position in Ulta Beauty in the second quarter worth about $306,000. waypoint wealth counsel bought a new position in Ulta Beauty during the second quarter worth about $246,000. Finally, Venturi Wealth Management LLC bought a new position in Ulta Beauty during the second quarter worth about $262,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of ULTA opened at $497.41 on Thursday. The company has a market cap of $22.30 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 3.36 and a beta of 1.05. The stock has a fifty day moving average price of $530.62 and a two-hundred day moving average price of $495.46. Ulta Beauty Inc. has a 52-week low of $309.01 and a 52-week high of $572.23.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share for the quarter, beating analysts’ consensus estimates of $5.03 by $0.75. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.66 billion. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company posted $5.30 earnings per share. As a group, research analysts predict that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on ULTA. Jefferies Financial Group upped their price objective on Ulta Beauty from $425.00 to $550.00 and gave the company a “hold” rating in a research note on Tuesday, August 26th. Cowen reaffirmed a “hold” rating on shares of Ulta Beauty in a research note on Friday, August 29th. The Goldman Sachs Group increased their price objective on Ulta Beauty from $530.00 to $584.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Robert W. Baird lifted their price objective on Ulta Beauty from $575.00 to $600.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, Bank of America upped their target price on shares of Ulta Beauty from $500.00 to $575.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $550.38.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the business’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $528.43, for a total value of $264,215.00. Following the completion of the transaction, the director directly owned 2,263 shares of the company’s stock, valued at approximately $1,195,837.09. The trade was a 18.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate 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.