Ulta Beauty Inc. $ULTA Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 7.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 13,207 shares of the specialty retailer’s stock after selling 1,103 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Ulta Beauty were worth $4,840,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in Ulta Beauty by 17.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,092 shares of the specialty retailer’s stock valued at $2,190,000 after acquiring an additional 924 shares during the period. Kingswood Wealth Advisors LLC grew its stake in Ulta Beauty by 14.8% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,179 shares of the specialty retailer’s stock valued at $435,000 after acquiring an additional 152 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in Ulta Beauty in the 1st quarter valued at $201,000. Farther Finance Advisors LLC grew its stake in Ulta Beauty by 128.9% in the 1st quarter. Farther Finance Advisors LLC now owns 737 shares of the specialty retailer’s stock valued at $275,000 after acquiring an additional 415 shares during the period. Finally, Kaufman Rossin Wealth LLC acquired a new stake in Ulta Beauty in the 1st quarter valued at $250,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Trading Up 1.2%

Shares of ULTA stock opened at $521.89 on Friday. The company’s 50-day moving average price is $508.33 and its 200-day moving average price is $436.33. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $539.00. The stock has a market cap of $23.40 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 2.84 and a beta of 1.06.

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

Analysts Set New Price Targets

ULTA has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on shares of Ulta Beauty from $400.00 to $425.00 and gave the company an “underweight” rating in a research note on Friday, August 29th. Canaccord Genuity Group set a $650.00 target price on shares of Ulta Beauty in a research note on Friday, August 29th. Wall Street Zen upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. Barclays increased their price objective on shares of Ulta Beauty from $589.00 to $617.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Finally, Truist Financial increased their price objective on shares of Ulta Beauty from $364.00 to $386.00 and gave the company a “neutral” rating in a report on Thursday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $543.13.

Insider Buying and Selling at Ulta Beauty

In related news, Director Mike C. Smith sold 500 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $528.43, for a total transaction of $264,215.00. Following the completion of the transaction, the director owned 2,263 shares of the company’s stock, valued at approximately $1,195,837.09. This trade represents a 18.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.

Ulta Beauty Company 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.