EP Wealth Advisors LLC Has $418,000 Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

EP Wealth Advisors LLC trimmed its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 17.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 800 shares of the specialty retailer’s stock after selling 167 shares during the quarter. EP Wealth Advisors LLC’s holdings in Ulta Beauty were worth $418,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Norges Bank acquired a new position in shares of Ulta Beauty during the fourth quarter valued at about $263,192,000. Global Assets Advisory LLC acquired a new position in shares of Ulta Beauty during the first quarter valued at about $176,753,000. International Assets Investment Management LLC grew its holdings in shares of Ulta Beauty by 45,740.3% during the fourth quarter. International Assets Investment Management LLC now owns 291,544 shares of the specialty retailer’s stock valued at $142,854,000 after buying an additional 290,908 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Ulta Beauty by 177.8% during the fourth quarter. TD Asset Management Inc now owns 407,347 shares of the specialty retailer’s stock valued at $199,596,000 after buying an additional 260,740 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Ulta Beauty by 210.4% during the first quarter. Los Angeles Capital Management LLC now owns 271,550 shares of the specialty retailer’s stock valued at $141,988,000 after buying an additional 184,060 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Trading Up 1.7 %

Shares of NASDAQ ULTA traded up $6.16 during midday trading on Friday, hitting $369.46. The company’s stock had a trading volume of 1,023,110 shares, compared to its average volume of 761,686. The stock has a fifty day moving average price of $387.66 and a 200 day moving average price of $450.37. Ulta Beauty, Inc. has a one year low of $362.49 and a one year high of $574.76. The firm has a market capitalization of $17.63 billion, a price-to-earnings ratio of 14.41, a P/E/G ratio of 1.68 and a beta of 1.37.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $6.47 EPS for the quarter, beating the consensus estimate of $6.19 by $0.28. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. Ulta Beauty’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.88 earnings per share. On average, equities research analysts predict that Ulta Beauty, Inc. will post 25.67 earnings per share for the current fiscal year.

Insider Activity at Ulta Beauty

In related news, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total transaction of $39,008.00. Following the completion of the transaction, the director now owns 2,017 shares of the company’s stock, valued at $786,791.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Ulta Beauty news, insider Jodi J. Caro sold 650 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total value of $252,642.00. Following the completion of the transaction, the insider now owns 6,801 shares of the company’s stock, valued at approximately $2,643,412.68. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total transaction of $39,008.00. Following the completion of the transaction, the director now directly owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Robert W. Baird cut their price target on shares of Ulta Beauty from $625.00 to $525.00 and set an “outperform” rating on the stock in a report on Wednesday, May 29th. BMO Capital Markets cut their price target on shares of Ulta Beauty from $540.00 to $500.00 and set a “market perform” rating on the stock in a report on Friday, May 31st. Telsey Advisory Group restated an “outperform” rating and set a $500.00 price target on shares of Ulta Beauty in a report on Friday, July 19th. Canaccord Genuity Group cut their price target on shares of Ulta Beauty from $575.00 to $522.00 and set a “buy” rating on the stock in a report on Wednesday, May 29th. Finally, Bank of America cut their price target on shares of Ulta Beauty from $575.00 to $425.00 and set a “neutral” rating on the stock in a report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $497.61.

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.