Impax Asset Management Group plc Trims Holdings in Ulta Beauty Inc. (NASDAQ:ULTA)

Impax Asset Management Group plc reduced its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 48.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 53,229 shares of the specialty retailer's stock after selling 49,827 shares during the period. Impax Asset Management Group plc owned approximately 0.12% of Ulta Beauty worth $19,511,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ULTA. IFM Investors Pty Ltd grew its holdings in shares of Ulta Beauty by 11.6% during the first quarter. IFM Investors Pty Ltd now owns 9,873 shares of the specialty retailer's stock worth $3,842,000 after buying an additional 1,027 shares during the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of Ulta Beauty by 32.1% in the 1st quarter. OneDigital Investment Advisors LLC now owns 1,164 shares of the specialty retailer's stock valued at $427,000 after purchasing an additional 283 shares during the last quarter. Resonant Capital Advisors LLC increased its holdings in shares of Ulta Beauty by 3.5% in the first quarter. Resonant Capital Advisors LLC now owns 1,631 shares of the specialty retailer's stock valued at $598,000 after purchasing an additional 55 shares during the period. Aaron Wealth Advisors LLC raised its stake in shares of Ulta Beauty by 70.9% during the first quarter. Aaron Wealth Advisors LLC now owns 834 shares of the specialty retailer's stock worth $306,000 after purchasing an additional 346 shares during the last quarter. Finally, Keybank National Association OH raised its stake in shares of Ulta Beauty by 11.1% during the first quarter. Keybank National Association OH now owns 131,534 shares of the specialty retailer's stock worth $48,213,000 after purchasing an additional 13,153 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ULTA shares. Oppenheimer boosted their price objective on shares of Ulta Beauty from $465.00 to $510.00 and gave the company an "outperform" rating in a research note on Friday, May 30th. Argus downgraded shares of Ulta Beauty from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Morgan Stanley increased their price target on shares of Ulta Beauty from $460.00 to $550.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Loop Capital restated a "buy" rating and issued a $510.00 price objective (up previously from $480.00) on shares of Ulta Beauty in a research report on Monday, June 16th. Finally, Piper Sandler reiterated a "neutral" rating and set a $437.00 target price (up previously from $386.00) on shares of Ulta Beauty in a research report on Friday, May 30th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, Ulta Beauty has a consensus rating of "Moderate Buy" and a consensus price target of $462.22.

Ulta Beauty Stock Up 0.6%

NASDAQ ULTA opened at $477.68 on Friday. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $491.98. The business has a fifty day moving average of $437.28 and a 200-day moving average of $401.99. The stock has a market cap of $21.47 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 2.90 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, topping analysts' consensus estimates of $5.73 by $0.97. The firm had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $2.79 billion. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $6.47 EPS. As a group, analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current year.

About Ulta Beauty

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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