Tredje AP fonden Sells 119 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Tredje AP fonden lowered its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,580 shares of the specialty retailer’s stock after selling 119 shares during the period. Tredje AP fonden’s holdings in Ulta Beauty were worth $2,925,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Vima LLC acquired a new position in Ulta Beauty during the 4th quarter valued at about $27,000. Riverview Trust Co acquired a new position in Ulta Beauty in the first quarter valued at approximately $30,000. Sound Income Strategies LLC boosted its stake in Ulta Beauty by 490.0% in the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 49 shares during the last quarter. LRI Investments LLC acquired a new stake in Ulta Beauty during the 1st quarter worth $31,000. Finally, UMB Bank n.a. grew its holdings in 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 acquiring an additional 30 shares during the period. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Up 0.1 %

Shares of ULTA opened at $403.29 on Friday. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The stock has a market capitalization of $19.00 billion, a P/E ratio of 15.73, a P/E/G ratio of 2.22 and a beta of 1.31. The company has a 50 day moving average of $368.23 and a 200-day moving average of $409.95.

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 analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period last year, the business posted $6.02 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ULTA. Barclays raised their price target on Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. Citigroup reduced their target price on Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. Evercore ISI lowered their price target on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a research note on Monday, August 26th. Loop Capital cut their price target on shares of Ulta Beauty from $520.00 to $450.00 and set a “buy” rating on the stock in a research report on Tuesday, September 3rd. Finally, Raymond James cut shares of Ulta Beauty from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $500.00 to $450.00 in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $425.29.

Insider Activity at Ulta Beauty

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

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.