State Street Corp Sells 34,372 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

State Street Corp lessened its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 1.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,312,925 shares of the specialty retailer's stock after selling 34,372 shares during the period. State Street Corp owned 4.91% of Ulta Beauty worth $900,007,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Czech National Bank increased its stake in shares of Ulta Beauty by 6.9% in the 2nd quarter. Czech National Bank now owns 9,135 shares of the specialty retailer's stock valued at $3,525,000 after purchasing an additional 591 shares during the last quarter. RFG Advisory LLC increased its stake in shares of Ulta Beauty by 35.9% in the second quarter. RFG Advisory LLC now owns 537 shares of the specialty retailer's stock valued at $207,000 after buying an additional 142 shares during the period. Granite Bay Wealth Management LLC bought a new position in Ulta Beauty in the 2nd quarter valued at approximately $538,000. Dynamic Advisor Solutions LLC boosted its position in Ulta Beauty by 28.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 826 shares of the specialty retailer's stock worth $319,000 after buying an additional 183 shares during the period. Finally, Sequoia Financial Advisors LLC grew its holdings in Ulta Beauty by 5.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,287 shares of the specialty retailer's stock worth $1,268,000 after acquiring an additional 182 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Ulta Beauty Trading Up 9.0 %

Shares of ULTA traded up $35.30 during trading hours on Friday, reaching $428.17. The stock had a trading volume of 3,515,724 shares, compared to its average volume of 998,466. The firm has a 50-day simple moving average of $374.15 and a 200 day simple moving average of $376.64. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The company has a market capitalization of $20.18 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 2.46 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating analysts' consensus estimates of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 52.06%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the firm earned $5.07 earnings per share. The business's quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities analysts forecast that Ulta Beauty, Inc. will post 23.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ULTA. William Blair lowered shares of Ulta Beauty from an "outperform" rating to a "market perform" rating in a report on Thursday, November 21st. Raymond James cut their target price on Ulta Beauty from $450.00 to $440.00 and set an "outperform" rating on the stock in a report on Monday, October 14th. TD Cowen cut their price objective on Ulta Beauty from $390.00 to $380.00 and set a "hold" rating on the stock in a research note on Thursday, October 17th. Barclays increased their target price on shares of Ulta Beauty from $335.00 to $410.00 and gave the company an "equal weight" rating in a research report on Friday. Finally, Evercore ISI dropped their price target on shares of Ulta Beauty from $500.00 to $430.00 and set an "outperform" rating on the stock in a research report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $438.00.

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.