California State Teachers Retirement System lowered its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 6.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,379 shares of the specialty retailer’s stock after selling 8,063 shares during the period. California State Teachers Retirement System owned approximately 0.17% of Ulta Beauty worth $31,142,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp raised its position in shares of Ulta Beauty by 11.2% in the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 40 shares during the period. Sun Life Financial INC raised its position in shares of Ulta Beauty by 4,655.6% in the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 419 shares during the period. FNY Partners Fund LP bought a new stake in shares of Ulta Beauty in the first quarter valued at approximately $142,000. Lazard Asset Management LLC bought a new stake in shares of Ulta Beauty in the second quarter valued at approximately $157,000. Finally, QS Investors LLC raised its position in shares of Ulta Beauty by 0.8% in the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 6 shares during the period. 87.91% of the stock is currently owned by institutional investors.
In related news, Director Michael R. Macdonald acquired 2,000 shares of Ulta Beauty stock in a transaction dated Tuesday, August 29th. The shares were purchased at an average price of $208.37 per share, for a total transaction of $416,740.00. Following the completion of the transaction, the director now directly owns 6,224 shares in the company, valued at approximately $1,296,894.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 5.20% of the company’s stock.
Several analysts have recently issued reports on the stock. Piper Jaffray Companies reissued an “overweight” rating and issued a $260.00 price target (down previously from $330.00) on shares of Ulta Beauty in a research report on Tuesday, September 5th. Robert W. Baird reissued an “outperform” rating and issued a $295.00 price target (down previously from $335.00) on shares of Ulta Beauty in a research report on Friday, August 25th. They noted that the move was a valuation call. BMO Capital Markets reissued an “outperform” rating and issued a $345.00 price target on shares of Ulta Beauty in a research report on Thursday, July 27th. Royal Bank Of Canada reissued a “hold” rating and issued a $310.00 price target on shares of Ulta Beauty in a research report on Thursday, August 17th. Finally, KeyCorp reissued a “buy” rating and issued a $270.00 price target (down previously from $300.00) on shares of Ulta Beauty in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $281.76.
Shares of Ulta Beauty Inc. (ULTA) traded up 4.43% during trading on Friday, hitting $198.58. 3,790,636 shares of the stock were exchanged. The firm has a 50 day moving average of $220.09 and a 200-day moving average of $263.08. Ulta Beauty Inc. has a 52-week low of $187.96 and a 52-week high of $314.86. The stock has a market cap of $12.20 billion, a PE ratio of 26.44 and a beta of 0.57.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.05. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 earnings per share. Equities research analysts anticipate that Ulta Beauty Inc. will post $8.44 earnings per share for the current fiscal year.
Ulta Beauty Company Profile
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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