International Assets Investment Management LLC Reduces Holdings in Ulta Beauty Inc. $ULTA

Key Points

• International Assets Investment Management LLC reduced its holdings in Ulta Beauty by 59.1% during the second quarter, now owning 1,444 shares valued at approximately $676,000.
• Ulta Beauty's stock recently decreased by 1.8% and opened at $523.72, with a market cap of $23.48 billion and a price-to-earnings ratio of 20.08.
• Analysts have a consensus price target of $550.38 for Ulta Beauty, with ratings ranging from "Strong Buy" to "Sell" from different research firms.

International Assets Investment Management LLC lessened its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 59.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,444 shares of the specialty retailer's stock after selling 2,084 shares during the period. International Assets Investment Management LLC's holdings in Ulta Beauty were worth $676,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ULTA. GAMMA Investing LLC lifted its position in shares of Ulta Beauty by 6.0% during the 1st quarter. GAMMA Investing LLC now owns 1,210 shares of the specialty retailer's stock valued at $444,000 after buying an additional 69 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Ulta Beauty by 110.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,926 shares of the specialty retailer's stock valued at $3,638,000 after purchasing an additional 5,207 shares in the last quarter. Blue Trust Inc. grew its position in shares of Ulta Beauty by 49.5% in the first quarter. Blue Trust Inc. now owns 148 shares of the specialty retailer's stock valued at $54,000 after purchasing an additional 49 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Ulta Beauty in the first quarter valued at $493,000. Finally, Stiles Financial Services Inc grew its position in shares of Ulta Beauty by 72.4% in the first quarter. Stiles Financial Services Inc now owns 817 shares of the specialty retailer's stock valued at $299,000 after purchasing an additional 343 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insider Activity

In other news, Director Mike C. Smith sold 500 shares of the company'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 completion of the transaction, the director directly owned 2,263 shares in the company, valued at approximately $1,195,837.09. This represents a 18.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.17% of the company's stock.

Ulta Beauty Stock Down 1.8%

Ulta Beauty stock opened at $523.72 on Tuesday. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $572.23. The business has a 50-day simple moving average of $531.67 and a 200 day simple moving average of $472.27. The stock has a market cap of $23.48 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 2.94 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $2.66 billion. During the same period in the previous year, the business earned $5.30 earnings per share. The firm's revenue was up 9.3% on a year-over-year basis. On average, research analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Wall Street Analyst Weigh In

ULTA has been the subject of several recent research reports. Citigroup lifted their price target on Ulta Beauty from $450.00 to $550.00 and gave the company a "neutral" rating in a research report on Monday, August 18th. Loop Capital reiterated a "hold" rating and issued a $510.00 price target on shares of Ulta Beauty in a research report on Friday, July 25th. DA Davidson lifted their price target on Ulta Beauty from $585.00 to $625.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Evercore ISI lifted their price target on Ulta Beauty from $595.00 to $640.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Finally, Robert W. Baird lifted their price target on Ulta Beauty from $575.00 to $600.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $550.38.

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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