Oppenheimer & Co. Inc. Sells 530 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Oppenheimer & Co. Inc. lessened its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 6.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,930 shares of the specialty retailer’s stock after selling 530 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Ulta Beauty were worth $3,060,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of Ulta Beauty by 83.3% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 30 shares in the last quarter. Vima LLC bought a new position in shares of Ulta Beauty during the 4th quarter worth about $27,000. Riverview Trust Co bought a new position in shares of Ulta Beauty during the 1st quarter worth about $30,000. Sound Income Strategies LLC boosted its position in shares of Ulta Beauty by 490.0% during the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 49 shares in the last quarter. Finally, LRI Investments LLC bought a new position in shares of Ulta Beauty during the 1st quarter worth about $31,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Up 1.4 %

Shares of ULTA stock opened at $378.34 on Monday. The company has a 50 day moving average of $368.16 and a 200-day moving average of $412.25. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The firm has a market cap of $18.05 billion, a P/E ratio of 14.76, a PEG ratio of 2.13 and a beta of 1.31.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (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 company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the previous year, the business earned $6.02 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. As a group, equities analysts expect that Ulta Beauty, Inc. will post 23.21 EPS for the current year.

Insider Activity at Ulta Beauty

In related news, insider Jodi J. Caro sold 650 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total value of $252,642.00. Following the completion of the transaction, the insider now directly owns 6,801 shares in the company, valued at approximately $2,643,412.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Jodi J. Caro sold 650 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total value of $252,642.00. Following the completion of the transaction, the insider now directly owns 6,801 shares in the company, valued at approximately $2,643,412.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Catherine Ann Halligan sold 100 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total transaction of $39,008.00. Following the completion of the transaction, the director now owns 2,017 shares of the company’s stock, valued at $786,791.36. The disclosure for this sale can be found here. 0.39% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wells Fargo & Company dropped their price target on shares of Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a research report on Friday, August 30th. Bank of America dropped their price target on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Evercore ISI dropped their price target on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, August 26th. Citigroup dropped their price target on shares of Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Finally, Telsey Advisory Group dropped their price target on shares of Ulta Beauty from $500.00 to $450.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Ulta Beauty presently has an average rating of “Hold” and an average price target of $425.29.

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.