Glenview Trust co Sells 768 Shares of Ulta Beauty Inc. $ULTA

Key Points

• Glenview Trust reduced its holdings in Ulta Beauty by 8.3%, selling 768 shares, and now owns 8,500 shares valued at approximately $3.12 million.
• Several institutional investors, including Wambolt & Associates and Westside Investment Management, have increased their stakes in Ulta Beauty during the first quarter of this year.
• Ulta Beauty reported a 9.3% increase in revenue year-over-year for its latest quarter, with earnings of $5.78 per share, exceeding analyst expectations.

Glenview Trust co decreased its holdings in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 8.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,500 shares of the specialty retailer's stock after selling 768 shares during the period. Glenview Trust co's holdings in Ulta Beauty were worth $3,116,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Wambolt & Associates LLC increased its holdings in shares of Ulta Beauty by 1.6% in the 1st quarter. Wambolt & Associates LLC now owns 1,673 shares of the specialty retailer's stock worth $626,000 after purchasing an additional 26 shares in the last quarter. Westside Investment Management Inc. grew its holdings in shares of Ulta Beauty by 32.5% in the first quarter. Westside Investment Management Inc. now owns 110 shares of the specialty retailer's stock worth $40,000 after acquiring an additional 27 shares during the period. Procyon Advisors LLC grew its holdings in shares of Ulta Beauty by 4.3% in the first quarter. Procyon Advisors LLC now owns 707 shares of the specialty retailer's stock worth $259,000 after acquiring an additional 29 shares during the period. Sagespring Wealth Partners LLC grew its holdings in shares of Ulta Beauty by 5.0% in the first quarter. Sagespring Wealth Partners LLC now owns 625 shares of the specialty retailer's stock worth $229,000 after acquiring an additional 30 shares during the period. Finally, LaFleur & Godfrey LLC grew its holdings in shares of Ulta Beauty by 1.2% in the first quarter. LaFleur & Godfrey LLC now owns 2,485 shares of the specialty retailer's stock worth $911,000 after acquiring an additional 30 shares during the period. Institutional investors own 90.39% of the company's stock.

Insider Activity at Ulta Beauty

In other news, Director Mike C. Smith sold 500 shares of the business's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $528.43, for a total value of $264,215.00. Following the transaction, the director directly owned 2,263 shares in the company, valued at $1,195,837.09. The trade was a 18.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Truist Financial lifted their price objective on Ulta Beauty from $364.00 to $386.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Citigroup lifted their price objective on Ulta Beauty from $450.00 to $550.00 and gave the stock a "neutral" rating in a report on Monday, August 18th. JPMorgan Chase & Co. lifted their price objective on Ulta Beauty from $525.00 to $600.00 and gave the stock an "overweight" rating in a report on Friday, August 22nd. DA Davidson lifted their price objective on Ulta Beauty from $585.00 to $625.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Finally, Wall Street Zen upgraded Ulta Beauty from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Ulta Beauty presently has a consensus rating of "Moderate Buy" and a consensus price target of $543.13.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $515.47 on Thursday. The company has a market capitalization of $23.11 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 2.83 and a beta of 1.06. The business's fifty day moving average is $507.45 and its 200 day moving average is $435.24. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $539.00.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, beating the consensus estimate of $5.03 by $0.75. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the business earned $5.30 earnings per share. The business's revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts forecast that Ulta Beauty Inc. will post 23.96 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.

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