Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by Amalgamated Bank

Amalgamated Bank increased its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 17.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,429 shares of the specialty retailer’s stock after purchasing an additional 1,842 shares during the period. Amalgamated Bank’s holdings in Ulta Beauty were worth $4,796,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ULTA. Choreo LLC increased its stake in shares of Ulta Beauty by 71.7% in the second quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock valued at $1,103,000 after purchasing an additional 1,198 shares during the period. 1832 Asset Management L.P. grew its holdings in Ulta Beauty by 120.2% in the 4th quarter. 1832 Asset Management L.P. now owns 14,448 shares of the specialty retailer’s stock worth $7,079,000 after buying an additional 7,887 shares in the last quarter. Duality Advisers LP grew its holdings in Ulta Beauty by 92.8% in the 1st quarter. Duality Advisers LP now owns 7,278 shares of the specialty retailer’s stock worth $3,806,000 after buying an additional 3,504 shares in the last quarter. Broad Bay Capital Management LP acquired a new stake in Ulta Beauty in the 4th quarter valued at approximately $10,412,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Ulta Beauty by 10.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,799 shares of the specialty retailer’s stock valued at $46,954,000 after acquiring an additional 8,337 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

ULTA has been the topic of a number of research analyst reports. Bank of America lowered their price target on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. BMO Capital Markets dropped their price target on shares of Ulta Beauty from $500.00 to $385.00 and set a “market perform” rating on the stock in a research report on Friday, August 30th. Citigroup decreased their price objective on shares of Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating for the company in a report on Friday, August 30th. B. Riley started coverage on Ulta Beauty in a report on Tuesday, September 10th. They set a “sell” rating and a $300.00 target price on the stock. Finally, DA Davidson decreased their price target on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Ulta Beauty presently has an average rating of “Hold” and a consensus price target of $425.29.

Insider Buying and Selling at Ulta Beauty

In other news, insider Jodi J. Caro sold 650 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total transaction of $252,642.00. Following 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 filing with the SEC, which is available at this hyperlink. In related news, Director Catherine Ann Halligan sold 100 shares of the firm’s 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 transaction, the director now owns 2,017 shares of the company’s stock, valued at $786,791.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jodi J. Caro sold 650 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total transaction of $252,642.00. Following the completion of the sale, the insider now directly owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

Ulta Beauty Stock Down 0.3 %

Shares of Ulta Beauty stock opened at $402.01 on Friday. The stock has a market cap of $19.18 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The business has a fifty day simple moving average of $368.01 and a 200-day simple moving average of $407.97.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing the consensus estimate of $5.47 by ($0.17). The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company’s revenue was up .9% compared to the same quarter last year. During the same period last year, the firm earned $6.02 EPS. Analysts expect that Ulta Beauty, Inc. will post 23.21 EPS for the current fiscal 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.