Rempart Asset Management Inc. Sells 4,858 Shares of Ulta Beauty Inc. $ULTA

Key Points

• Rempart Asset Management Inc. sold 4,858 shares of Ulta Beauty, reducing its holdings by 12.5%, and now holds 34,117 shares worth approximately $15.96 million.
• Insider Director Mike C. Smith sold 500 shares at an average price of $528.43, representing an 18.10% decrease in his ownership.
• Analysts have raised price targets for Ulta Beauty, with reports indicating targets ranging from $425.00 to $617.00, and the stock currently holds an average rating of "Moderate Buy".

Rempart Asset Management Inc. trimmed its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 12.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,117 shares of the specialty retailer's stock after selling 4,858 shares during the period. Ulta Beauty comprises approximately 3.1% of Rempart Asset Management Inc.'s investment portfolio, making the stock its 20th largest holding. Rempart Asset Management Inc. owned 0.08% of Ulta Beauty worth $15,961,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ULTA. American National Bank & Trust purchased a new position in Ulta Beauty in the first quarter valued at about $29,000. Wayfinding Financial LLC bought a new stake in shares of Ulta Beauty in the 1st quarter worth approximately $31,000. Rakuten Securities Inc. lifted its stake in Ulta Beauty by 218.5% in the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock valued at $32,000 after purchasing an additional 59 shares during the last quarter. North Star Investment Management Corp. grew its holdings in 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 purchasing an additional 40 shares during the period. Finally, Ransom Advisory Ltd bought a new position in Ulta Beauty during the first quarter valued at $36,000. Institutional investors own 90.39% of the company's stock.

Insider Buying and Selling

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $528.43, for a total transaction of $264,215.00. Following the transaction, the director directly owned 2,263 shares in the company, valued at $1,195,837.09. This trade represents 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. 0.39% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ULTA shares. Wells Fargo & Company upped their price target on Ulta Beauty from $400.00 to $425.00 and gave the company an "underweight" rating in a research report on Friday, August 29th. Raymond James Financial reaffirmed 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. Barclays lifted their target price on shares of Ulta Beauty from $589.00 to $617.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. Morgan Stanley raised their price objective on shares of Ulta Beauty from $550.00 to $600.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. Finally, Robert W. Baird boosted their target price on shares of Ulta Beauty from $575.00 to $600.00 and gave the company an "outperform" rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Ulta Beauty currently has an average rating of "Moderate Buy" and a consensus target price of $544.20.

Ulta Beauty Trading Up 2.3%

Shares of NASDAQ ULTA opened at $552.00 on Monday. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $552.45. The firm has a market capitalization of $24.75 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 3.04 and a beta of 1.06. The business has a 50-day moving average of $519.00 and a 200-day moving average of $451.25.

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