Raymond James Trust N.A. decreased its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 18.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,463 shares of the specialty retailer's stock after selling 321 shares during the period. Raymond James Trust N.A.'s holdings in Ulta Beauty were worth $563,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of ULTA. Allianz Asset Management GmbH grew its holdings in Ulta Beauty by 231.0% in the fourth quarter. Allianz Asset Management GmbH now owns 7,453 shares of the specialty retailer's stock worth $3,073,000 after purchasing an additional 5,201 shares during the last quarter. American International Group Inc. grew its holdings in Ulta Beauty by 5.6% in the fourth quarter. American International Group Inc. now owns 17,900 shares of the specialty retailer's stock worth $7,381,000 after purchasing an additional 942 shares during the last quarter. Invesco Ltd. grew its holdings in Ulta Beauty by 2.3% in the fourth quarter. Invesco Ltd. now owns 354,538 shares of the specialty retailer's stock worth $146,192,000 after purchasing an additional 8,045 shares during the last quarter. Schroder Investment Management Group grew its holdings in Ulta Beauty by 8.8% in the fourth quarter. Schroder Investment Management Group now owns 1,440 shares of the specialty retailer's stock worth $594,000 after purchasing an additional 117 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in Ulta Beauty by 30.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,146 shares of the specialty retailer's stock worth $884,000 after purchasing an additional 506 shares during the last quarter. Institutional investors own 89.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Cowen lifted their price target on shares of Ulta Beauty from $480.00 to $503.00 and gave the stock an "outperform" rating in a report on Friday, August 26th. Stifel Nicolaus boosted their price objective on shares of Ulta Beauty from $435.00 to $450.00 and gave the company a "hold" rating in a report on Friday, August 26th. Robert W. Baird boosted their price objective on shares of Ulta Beauty from $480.00 to $500.00 and gave the company an "outperform" rating in a report on Friday, August 26th. Oppenheimer boosted their price objective on shares of Ulta Beauty from $485.00 to $505.00 and gave the company an "outperform" rating in a report on Friday, August 26th. Finally, Telsey Advisory Group boosted their price objective on shares of Ulta Beauty from $475.00 to $510.00 and gave the company an "outperform" rating in a report on Friday, August 26th. Seven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $482.27.

Ulta Beauty Stock Performance

Ulta Beauty (NASDAQ:ULTA – Get Rating) last released its quarterly earnings results on Thursday, August 25th. The specialty retailer reported $5.70 earnings per share for the quarter, topping the consensus estimate of $4.96 by $0.74. Ulta Beauty had a net margin of 12.08% and a return on equity of 64.33%. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the prior year, the firm earned $4.56 EPS. The company's revenue for the quarter was up 16.8% on a year-over-year basis. Equities research analysts forecast that Ulta Beauty, Inc. will post 21.36 EPS for the current year.

Insider Buying and Selling

In related news, Director Catherine Ann Halligan sold 276 shares of the company's stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $445.86, for a total transaction of $123,057.36. Following the completion of the transaction, the director now owns 2,168 shares in the company, valued at approximately $966,624.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Ulta Beauty news, Director Catherine Ann Halligan sold 276 shares of the stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $445.86, for a total value of $123,057.36. Following the completion of the sale, the director now owns 2,168 shares in the company, valued at approximately $966,624.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Anita Jane Ryan sold 594 shares of the stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $440.53, for a total transaction of $261,674.82. Following the completion of the sale, the insider now owns 2,482 shares of the company's stock, valued at approximately $1,093,395.46. The disclosure for this sale can be found here. Insiders own 2.00% of the company's stock.

About Ulta Beauty

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Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.

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