Ulta Beauty, Inc. (NASDAQ:ULTA) Stock Holdings Lessened by Zions Bancorporation N.A.

Zions Bancorporation N.A. lowered its stake in Ulta Beauty, Inc. (NASDAQ:ULTAGet Rating) by 1.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,282 shares of the specialty retailer’s stock after selling 39 shares during the period. Zions Bancorporation N.A.’s holdings in Ulta Beauty were worth $1,307,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of ULTA. Qube Research & Technologies Ltd raised its stake in Ulta Beauty by 180.7% during the 4th quarter. Qube Research & Technologies Ltd now owns 51,954 shares of the specialty retailer’s stock valued at $21,423,000 after purchasing an additional 33,447 shares during the period. AlphaCrest Capital Management LLC raised its stake in Ulta Beauty by 91.8% during the 4th quarter. AlphaCrest Capital Management LLC now owns 1,671 shares of the specialty retailer’s stock valued at $689,000 after purchasing an additional 800 shares during the period. Principal Financial Group Inc. raised its stake in Ulta Beauty by 15.6% during the 4th quarter. Principal Financial Group Inc. now owns 81,280 shares of the specialty retailer’s stock valued at $33,515,000 after purchasing an additional 10,947 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Ulta Beauty by 1.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 504,380 shares of the specialty retailer’s stock valued at $207,975,000 after purchasing an additional 5,528 shares during the period. Finally, Paradigm Financial Partners LLC acquired a new stake in Ulta Beauty during the 4th quarter valued at $915,000. Institutional investors own 89.20% of the company’s stock.

Ulta Beauty Trading Up 0.3 %

Shares of NASDAQ:ULTA opened at $445.34 on Friday. The stock has a market capitalization of $22.81 billion, a PE ratio of 20.86, a P/E/G ratio of 1.75 and a beta of 1.39. Ulta Beauty, Inc. has a 1 year low of $330.80 and a 1 year high of $448.29. The firm has a fifty day moving average price of $399.10 and a 200 day moving average price of $394.74.

Ulta Beauty (NASDAQ:ULTAGet Rating) last issued its quarterly earnings data on Thursday, August 25th. The specialty retailer reported $5.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.00 by $0.70. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.20 billion. Ulta Beauty had a net margin of 12.08% and a return on equity of 64.33%. Ulta Beauty’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the prior year, the company posted $4.56 earnings per share. On average, sell-side analysts forecast that Ulta Beauty, Inc. will post 21.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 476 shares of the company’s stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $391.84, for a total transaction of $186,515.84. Following the completion of the sale, the director now directly owns 2,393 shares in the company, valued at $937,673.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

ULTA has been the topic of several recent analyst reports. Credit Suisse Group boosted their target price on shares of Ulta Beauty from $455.00 to $480.00 and gave the company an “outperform” rating in a research note on Friday, August 26th. William Blair initiated coverage on shares of Ulta Beauty in a research note on Friday, August 26th. They set an “outperform” rating on the stock. Cowen boosted their target price on shares of Ulta Beauty from $480.00 to $503.00 and gave the company an “outperform” rating in a research note on Friday, August 26th. Stifel Nicolaus boosted their target price on shares of Ulta Beauty from $435.00 to $450.00 and gave the company a “hold” rating in a research note on Friday, August 26th. Finally, Oppenheimer boosted their price target on shares of Ulta Beauty from $485.00 to $505.00 and gave the company an “outperform” rating in a report on Friday, August 26th. Seven analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Ulta Beauty presently has an average rating of “Moderate Buy” and a consensus target price of $478.70.

Ulta Beauty Profile

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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.

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

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