Independence Bank of Kentucky Sells 225 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Independence Bank of Kentucky decreased its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 13.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,493 shares of the specialty retailer’s stock after selling 225 shares during the quarter. Independence Bank of Kentucky’s holdings in Ulta Beauty were worth $581,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. TD Asset Management Inc lifted its holdings in shares of Ulta Beauty by 14.1% during the second quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock worth $239,545,000 after buying an additional 76,721 shares during the last quarter. Boston Partners raised its stake in Ulta Beauty by 47.7% during the 1st quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock valued at $246,862,000 after purchasing an additional 153,727 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Ulta Beauty by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 422,801 shares of the specialty retailer’s stock valued at $163,149,000 after purchasing an additional 24,822 shares during the period. Bessemer Group Inc. boosted its holdings in Ulta Beauty by 1.2% in the 1st quarter. Bessemer Group Inc. now owns 357,503 shares of the specialty retailer’s stock valued at $186,933,000 after purchasing an additional 4,344 shares during the period. Finally, Epoch Investment Partners Inc. grew its position in Ulta Beauty by 26.4% in the 2nd quarter. Epoch Investment Partners Inc. now owns 356,128 shares of the specialty retailer’s stock worth $137,419,000 after purchasing an additional 74,319 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock opened at $370.58 on Friday. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The business’s 50 day simple moving average is $369.35 and its 200 day simple moving average is $392.53. The firm has a market cap of $17.68 billion, a PE ratio of 14.45, a P/E/G ratio of 2.05 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the previous year, the company posted $6.02 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, equities research analysts predict that Ulta Beauty, Inc. will post 23.21 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ULTA. Stifel Nicolaus cut their price objective on shares of Ulta Beauty from $475.00 to $385.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Evercore ISI reduced their price objective on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a research report on Monday, August 26th. Bank of America cut their target price on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Canaccord Genuity Group decreased their price target on shares of Ulta Beauty from $522.00 to $500.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Finally, Barclays boosted their price target on shares of Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Ulta Beauty presently has an average rating of “Hold” and an average target price of $424.08.

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.