MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 1,103 Shares of Ulta Beauty Inc. $ULTA

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its holdings in Ulta Beauty Inc. by 7.7%, selling 1,103 shares during the first quarter, now owning a total of 13,207 shares worth approximately $4.84 million.
• Analyst upgrades for Ulta Beauty include price target increases from various brokerages, with DA Davidson raising their target from $585 to $625 and maintaining a "buy" rating.
• Ulta Beauty reported impressive earnings with an EPS of $5.78 for the last quarter, surpassing analyst expectations of $5.03, alongside a year-over-year revenue increase of 9.3%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its holdings in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 7.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,207 shares of the specialty retailer's stock after selling 1,103 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Ulta Beauty were worth $4,840,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. American National Bank & Trust purchased a new stake in shares of Ulta Beauty during the first quarter valued at about $29,000. Wayfinding Financial LLC purchased a new stake in shares of Ulta Beauty during the first quarter valued at about $31,000. Rakuten Securities Inc. lifted its position in shares of Ulta Beauty by 218.5% during the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock valued at $32,000 after buying an additional 59 shares during the last quarter. North Star Investment Management Corp. lifted its position in shares of Ulta Beauty by 71.4% during the first quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock valued at $35,000 after buying an additional 40 shares during the last quarter. Finally, Costello Asset Management INC purchased a new stake in shares of Ulta Beauty during the first quarter valued at about $37,000. Institutional investors own 90.39% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ULTA. DA Davidson increased their price objective on shares of Ulta Beauty from $585.00 to $625.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Citigroup boosted their price objective on shares of Ulta Beauty from $450.00 to $550.00 and gave the company a "neutral" rating in a report on Monday, August 18th. Cowen reissued a "hold" rating on shares of Ulta Beauty in a report on Friday, August 29th. Morgan Stanley boosted their price objective on shares of Ulta Beauty from $550.00 to $600.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Finally, Raymond James Financial reissued an "outperform" rating and set a $605.00 price objective (up from $580.00) on shares of Ulta Beauty in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $543.13.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the company's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $528.43, for a total value of $264,215.00. Following the completion of the transaction, the director owned 2,263 shares in the company, valued at approximately $1,195,837.09. This represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.17% of the company's stock.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA opened at $521.89 on Friday. The stock has a market capitalization of $23.40 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 2.84 and a beta of 1.06. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $539.00. The firm's 50 day simple moving average is $508.33 and its 200-day simple moving average is $436.33.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, topping analysts' consensus estimates of $5.03 by $0.75. The business had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.66 billion. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The business's revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the company earned $5.30 EPS. Analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal 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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