Citizens Financial Group Inc. RI Lowers Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Citizens Financial Group Inc. RI decreased its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 63.4% during the second quarter, HoldingsChannel.com reports. The firm owned 2,226 shares of the specialty retailer’s stock after selling 3,864 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Ulta Beauty were worth $859,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ULTA. Vima LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter valued at approximately $27,000. Riverview Trust Co purchased a new stake in Ulta Beauty during the 1st quarter valued at $30,000. Sound Income Strategies LLC increased its holdings in shares of Ulta Beauty by 490.0% in the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 49 shares in the last quarter. LRI Investments LLC purchased a new position in shares of Ulta Beauty in the first quarter worth $31,000. Finally, UMB Bank n.a. lifted its holdings in shares of Ulta Beauty by 83.3% during the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 30 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Insider Activity

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

Analysts Set New Price Targets

Several equities research analysts recently commented on ULTA shares. Raymond James downgraded Ulta Beauty from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $500.00 to $450.00 in a report on Friday, August 30th. Robert W. Baird lowered their price objective on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a research report on Friday, August 23rd. BMO Capital Markets cut their target price on shares of Ulta Beauty from $500.00 to $385.00 and set a “market perform” rating for the company in a research report on Friday, August 30th. Oppenheimer lowered their price target on Ulta Beauty from $450.00 to $435.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Finally, The Goldman Sachs Group cut their price objective on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $425.29.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $397.00 on Wednesday. The company has a market cap of $18.94 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 2.13 and a beta of 1.31. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The stock’s 50 day simple moving average is $368.05 and its two-hundred day simple moving average is $410.05.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same period in the previous year, the company earned $6.02 EPS. Ulta Beauty’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, analysts anticipate that Ulta Beauty, Inc. will post 23.21 EPS for the current year.

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.