Ulta Beauty Inc. (NASDAQ:ULTA) Shares Sold by IMA Advisory Services Inc.

IMA Advisory Services Inc. trimmed its position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 17.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,666 shares of the specialty retailer's stock after selling 580 shares during the quarter. IMA Advisory Services Inc.'s holdings in Ulta Beauty were worth $977,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Prestige Wealth Management Group LLC boosted its stake in Ulta Beauty by 121.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 34 shares during the period. American National Bank & Trust acquired a new stake in Ulta Beauty during the 1st quarter worth $29,000. Wayfinding Financial LLC acquired a new stake in Ulta Beauty during the 1st quarter worth $31,000. Rakuten Securities Inc. boosted its stake in Ulta Beauty by 218.5% during the 1st quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 59 shares during the period. Finally, North Star Investment Management Corp. boosted its stake in Ulta Beauty by 71.4% during the 1st quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 40 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ULTA. Loop Capital reiterated a "buy" rating and issued a $510.00 price objective (up previously from $480.00) on shares of Ulta Beauty in a research note on Monday, June 16th. Barclays boosted their target price on shares of Ulta Beauty from $327.00 to $485.00 and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Wall Street Zen raised shares of Ulta Beauty from a "hold" rating to a "buy" rating in a research report on Saturday, June 28th. Citigroup boosted their target price on shares of Ulta Beauty from $425.00 to $450.00 and gave the stock a "neutral" rating in a research report on Friday, May 30th. Finally, Canaccord Genuity Group boosted their target price on shares of Ulta Beauty from $510.00 to $542.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $465.04.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $502.74 on Wednesday. The company has a 50 day simple moving average of $455.14 and a 200-day simple moving average of $404.92. The firm has a market capitalization of $22.60 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 3.01 and a beta of 1.08. Ulta Beauty Inc. has a 52-week low of $309.01 and a 52-week high of $505.00.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $2.79 billion. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%. The firm's revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.47 earnings per share. On average, analysts predict that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Ulta Beauty 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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