Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. decreased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 16.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,188 shares of the specialty retailer’s stock after selling 445 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Ulta Beauty were worth $844,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Cerity Partners LLC grew its holdings in Ulta Beauty by 80.9% in the 4th quarter. Cerity Partners LLC now owns 1,523 shares of the specialty retailer’s stock valued at $746,000 after buying an additional 681 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of Ulta Beauty in the fourth quarter worth approximately $1,470,000. Mackenzie Financial Corp grew its holdings in Ulta Beauty by 1.0% in the fourth quarter. Mackenzie Financial Corp now owns 10,458 shares of the specialty retailer’s stock valued at $5,124,000 after purchasing an additional 106 shares during the period. Daiwa Securities Group Inc. increased its position in Ulta Beauty by 14.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,142 shares of the specialty retailer’s stock worth $3,010,000 after purchasing an additional 760 shares during the last quarter. Finally, Fidelis Capital Partners LLC purchased a new position in Ulta Beauty during the fourth quarter worth approximately $223,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ULTA shares. Barclays dropped their price objective on Ulta Beauty from $394.00 to $355.00 and set an “equal weight” rating for the company in a report on Friday, June 28th. Bank of America cut their price objective on Ulta Beauty from $575.00 to $425.00 and set a “neutral” rating on the stock in a report on Tuesday, May 28th. Oppenheimer reiterated an “outperform” rating and set a $450.00 target price on shares of Ulta Beauty in a report on Thursday. Citigroup cut their price target on shares of Ulta Beauty from $485.00 to $400.00 and set a “neutral” rating on the stock in a report on Friday, May 24th. Finally, Evercore ISI reduced their price target on shares of Ulta Beauty from $630.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, May 31st. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $494.83.

Insider Activity at Ulta Beauty

In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of the 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 transaction, the director now owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Jodi J. Caro sold 650 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total transaction of $252,642.00. Following the completion of the sale, the insider now owns 6,801 shares of the company’s stock, valued at approximately $2,643,412.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Catherine Ann Halligan sold 100 shares of the firm’s stock in a transaction dated 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 in the company, 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.

Ulta Beauty Stock Up 3.1 %

Shares of ULTA opened at $377.23 on Monday. The business’s 50 day moving average is $375.23 and its two-hundred day moving average is $434.80. The firm has a market cap of $18.00 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 1.52 and a beta of 1.37. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $6.47 EPS for the quarter, beating analysts’ consensus estimates of $6.19 by $0.28. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.72 billion. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.88 EPS. On average, equities analysts expect that Ulta Beauty, Inc. will post 25.65 earnings per share for the current fiscal year.

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.