Commerce Bank Sells 29,420 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Commerce Bank lessened its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 43.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,040 shares of the specialty retailer's stock after selling 29,420 shares during the quarter. Commerce Bank owned approximately 0.08% of Ulta Beauty worth $14,802,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of ULTA. UMB Bank n.a. grew its stake in Ulta Beauty by 83.3% during the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer's stock worth $25,000 after buying an additional 30 shares during the last quarter. LRI Investments LLC bought a new stake in Ulta Beauty during the 1st quarter worth approximately $31,000. Innealta Capital LLC acquired a new stake in Ulta Beauty during the 2nd quarter valued at $32,000. Paladin Wealth LLC bought a new position in Ulta Beauty in the 3rd quarter valued at $32,000. Finally, Oakworth Capital Inc. acquired a new position in Ulta Beauty in the second quarter worth $36,000. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Piper Sandler upped their target price on shares of Ulta Beauty from $356.00 to $357.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. TD Cowen decreased their price target on Ulta Beauty from $390.00 to $380.00 and set a "hold" rating on the stock in a report on Thursday, October 17th. Evercore ISI dropped their price target on shares of Ulta Beauty from $500.00 to $430.00 and set an "outperform" rating for the company in a research note on Monday, August 26th. Robert W. Baird reduced their price objective on shares of Ulta Beauty from $525.00 to $485.00 and set an "outperform" rating on the stock in a research note on Friday, August 23rd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Ulta Beauty from $426.00 to $424.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, Ulta Beauty currently has an average rating of "Hold" and a consensus target price of $420.71.

Ulta Beauty Stock Up 0.3 %

Shares of NASDAQ:ULTA opened at $343.26 on Thursday. The firm has a market capitalization of $16.17 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 1.97 and a beta of 1.33. The stock's 50 day moving average is $378.29 and its 200-day moving average is $378.08. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly 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 company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter last year, the company posted $6.02 EPS. The company's quarterly revenue was up .9% compared to the same quarter last year. Equities research analysts anticipate that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal year.

Ulta Beauty 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.