Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. lowered its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 6.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,430 shares of the specialty retailer’s stock after selling 226 shares during the period. Raymond James Trust N.A.’s holdings in Ulta Beauty were worth $1,335,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. UMB Bank n.a. raised its stake 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. LRI Investments LLC bought a new stake in shares of Ulta Beauty during the 1st quarter worth about $31,000. Innealta Capital LLC acquired a new stake in shares of Ulta Beauty in the 2nd quarter worth approximately $32,000. Paladin Wealth LLC bought a new position in shares of Ulta Beauty in the third quarter valued at approximately $32,000. Finally, Oakworth Capital Inc. acquired a new position in shares of Ulta Beauty during the second quarter valued at approximately $36,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. B. Riley initiated coverage on Ulta Beauty in a research note on Tuesday, September 10th. They set a “sell” rating and a $300.00 price target for the company. Canaccord Genuity Group decreased their target price on Ulta Beauty from $522.00 to $500.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. The Goldman Sachs Group dropped their price target on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Raymond James cut their price target on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a report on Monday, October 14th. Finally, Evercore ISI lowered their price objective on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $420.71.

Ulta Beauty Stock Performance

Shares of ULTA opened at $338.38 on Friday. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The company has a market capitalization of $15.94 billion, a PE ratio of 13.58, a PEG ratio of 1.95 and a beta of 1.33. The company’s 50 day moving average price is $376.80 and its 200 day moving average price is $377.30.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The company’s revenue was up .9% compared to the same quarter last year. During the same period last year, the company posted $6.02 earnings per share. On average, equities analysts forecast that Ulta Beauty, Inc. will post 23.07 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.