Ulta Beauty Inc. (NASDAQ:ULTA) Shares Sold by Mizuho Securities USA LLC

Key Points

• Mizuho Securities USA LLC has reduced its holdings in Ulta Beauty Inc. by 16.8%, now owning 3,713 shares valued at approximately $1.36 million.
• Institutional investors collectively control 90.39% of Ulta Beauty's stock, with notable increases in holdings from firms like Capital World Investors and Marshall Wace LLP.
• Recent analyst ratings have resulted in a consensus target price of $473, with price targets ranging from $350 to $600 across several major financial institutions.

Mizuho Securities USA LLC decreased its position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 16.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,713 shares of the specialty retailer's stock after selling 752 shares during the quarter. Mizuho Securities USA LLC's holdings in Ulta Beauty were worth $1,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ULTA. Mirae Asset Global Investments Co. Ltd. grew its position in Ulta Beauty by 17.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,092 shares of the specialty retailer's stock valued at $2,190,000 after acquiring an additional 924 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in Ulta Beauty by 14.8% in the first quarter. Kingswood Wealth Advisors LLC now owns 1,179 shares of the specialty retailer's stock worth $435,000 after acquiring an additional 152 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new stake in Ulta Beauty in the first quarter worth about $201,000. Farther Finance Advisors LLC raised its position in Ulta Beauty by 128.9% during the 1st quarter. Farther Finance Advisors LLC now owns 737 shares of the specialty retailer's stock worth $275,000 after buying an additional 415 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in 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 acquiring an additional 69 shares during the period. Institutional investors own 90.39% of the company's stock.

Ulta Beauty Stock Down 1.2%

Shares of NASDAQ ULTA traded down $6.53 on Thursday, hitting $526.18. The company had a trading volume of 692,028 shares, compared to its average volume of 568,971. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $534.10. The business has a 50 day moving average of $486.03 and a two-hundred day moving average of $416.90. The firm has a market capitalization of $23.65 billion, a P/E ratio of 20.55, a PEG ratio of 3.21 and a beta of 1.12.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.73 by $0.97. The firm had revenue of $2.85 billion for 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%. Ulta Beauty's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.47 earnings per share. On average, sell-side analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Analysts Set New Price Targets

ULTA has been the subject of a number of recent analyst reports. Telsey Advisory Group restated an "outperform" rating and issued a $520.00 price objective on shares of Ulta Beauty in a research report on Friday, July 11th. Raymond James Financial restated an "outperform" rating on shares of Ulta Beauty in a research report on Thursday. Evercore ISI lifted their target price on Ulta Beauty from $465.00 to $490.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. DA Davidson boosted their price objective on Ulta Beauty from $550.00 to $585.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Barclays upped their price target on Ulta Beauty from $327.00 to $485.00 and gave the stock an "equal weight" rating in a report on Monday, June 2nd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, Ulta Beauty presently has a consensus rating of "Hold" and an average price target of $473.00.

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.