Moody National Bank Trust Division Has $1.82 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Moody National Bank Trust Division reduced its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTAGet Rating) by 11.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,573 shares of the specialty retailer’s stock after selling 604 shares during the period. Moody National Bank Trust Division’s holdings in Ulta Beauty were worth $1,821,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in Ulta Beauty during the 4th quarter worth $25,000. North Star Investment Management Corp. bought a new position in Ulta Beauty during the 4th quarter worth $27,000. Whittier Trust Co. of Nevada Inc. increased its stake in Ulta Beauty by 525.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 75 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 63 shares during the period. Blue Bell Private Wealth Management LLC bought a new position in Ulta Beauty during the 4th quarter worth $31,000. Finally, Farmers & Merchants Investments Inc. increased its stake in Ulta Beauty by 72.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 86 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 36 shares during the period. 89.20% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Scott M. Settersten sold 32,532 shares of the business’s stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $426.63, for a total value of $13,879,127.16. Following the transaction, the chief financial officer now directly owns 14,037 shares of the company’s stock, valued at approximately $5,988,605.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Kecia Steelman sold 13,199 shares of the business’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $405.02, for a total value of $5,345,858.98. Following the completion of the transaction, the chief operating officer now directly owns 16,627 shares in the company, valued at $6,734,267.54. The disclosure for this sale can be found here. Insiders sold a total of 46,207 shares of company stock worth $19,411,502 over the last three months. 2.00% of the stock is owned by company insiders.

Several brokerages have recently issued reports on ULTA. Robert W. Baird lifted their price target on Ulta Beauty from $450.00 to $490.00 and gave the company an “outperform” rating in a research note on Friday, May 27th. DA Davidson lifted their price target on Ulta Beauty from $465.00 to $490.00 and gave the company a “buy” rating in a research note on Thursday, June 9th. Jefferies Financial Group upgraded Ulta Beauty from a “hold” rating to a “buy” rating and lifted their price target for the company from $400.00 to $475.00 in a research note on Friday, May 27th. Piper Sandler lifted their price target on Ulta Beauty from $465.00 to $485.00 and gave the company an “overweight” rating in a research note on Friday, May 27th. Finally, JPMorgan Chase & Co. lifted their price target on Ulta Beauty from $460.00 to $480.00 in a research note on Friday, May 27th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $458.38.

Shares of ULTA opened at $396.22 on Thursday. The company has a market capitalization of $20.53 billion, a PE ratio of 19.61, a PEG ratio of 1.85 and a beta of 1.54. Ulta Beauty, Inc. has a 12 month low of $319.05 and a 12 month high of $438.63. The stock’s 50-day moving average price is $398.05 and its two-hundred day moving average price is $388.07.

Ulta Beauty (NASDAQ:ULTAGet Rating) last announced its earnings results on Thursday, May 26th. The specialty retailer reported $6.30 EPS for the quarter, topping the consensus estimate of $4.46 by $1.84. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.12 billion. Ulta Beauty had a return on equity of 60.83% and a net margin of 12.03%. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the previous year, the business earned $4.10 EPS. Equities research analysts forecast that Ulta Beauty, Inc. will post 20.07 EPS for the current fiscal year.

About Ulta Beauty (Get Rating)

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 nail services.

Further Reading

Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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