Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by First American Trust FSB

First American Trust FSB lowered its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 9.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,073 shares of the specialty retailer’s stock after selling 222 shares during the period. First American Trust FSB’s holdings in Ulta Beauty were worth $902,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of ULTA. Sunbelt Securities Inc. raised its position in shares of Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 45 shares during the last quarter. Westside Investment Management Inc. lifted its position in shares of Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 50 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Ulta Beauty during the fourth quarter valued at $43,000. Ameliora Wealth Management Ltd. purchased a new stake in Ulta Beauty during the 4th quarter worth about $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Ulta Beauty in the 3rd quarter valued at about $41,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of ULTA stock opened at $366.16 on Tuesday. The company’s fifty day moving average price is $376.82 and its two-hundred day moving average price is $386.57. The firm has a market capitalization of $16.98 billion, a P/E ratio of 14.65, a P/E/G ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $529.67.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping the consensus estimate of $7.13 by $1.33. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the firm posted $8.08 earnings per share. The company’s revenue was down 1.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ULTA. DA Davidson cut their price target on Ulta Beauty from $510.00 to $415.00 and set a “buy” rating for the company in a report on Friday, March 14th. UBS Group increased their target price on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Citigroup lowered their price target on Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Telsey Advisory Group reiterated an “outperform” rating and set a $500.00 price objective on shares of Ulta Beauty in a report on Monday, March 10th. Finally, Loop Capital boosted their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Ulta Beauty presently has a consensus rating of “Hold” and an average target price of $427.13.

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.