Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lessened its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,829 shares of the specialty retailer’s stock after selling 1,422 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 0.08% of Ulta Beauty worth $14,597,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ULTA. Janiczek Wealth Management LLC boosted its holdings in Ulta Beauty by 32.5% during the first quarter. Janiczek Wealth Management LLC now owns 102 shares of the specialty retailer’s stock valued at $53,000 after acquiring an additional 25 shares during the period. Commerce Bank boosted its holdings in Ulta Beauty by 1.0% during the fourth quarter. Commerce Bank now owns 2,742 shares of the specialty retailer’s stock valued at $1,344,000 after acquiring an additional 26 shares during the period. Meeder Advisory Services Inc. boosted its holdings in Ulta Beauty by 5.8% during the first quarter. Meeder Advisory Services Inc. now owns 478 shares of the specialty retailer’s stock valued at $250,000 after acquiring an additional 26 shares during the period. Eudaimonia Partners LLC raised its position in shares of Ulta Beauty by 4.0% during the first quarter. Eudaimonia Partners LLC now owns 698 shares of the specialty retailer’s stock valued at $365,000 after buying an additional 27 shares during the last quarter. Finally, Sage Capital Advisors llc raised its position in shares of Ulta Beauty by 5.4% during the second quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock valued at $203,000 after buying an additional 27 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Buying and Selling

In related news, insider Jodi J. Caro sold 650 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 6,801 shares in the company, valued at $2,643,412.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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. Also, insider Jodi J. Caro sold 650 shares of the 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 transaction, 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. 0.39% of the stock is owned by corporate insiders.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $402.01 on Monday. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The business has a 50-day moving average of $368.01 and a two-hundred day moving average of $406.98. The company has a market capitalization of $19.18 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31.

Ulta Beauty (NASDAQ:ULTA) last announced 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 business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter last year, the company earned $6.02 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. On average, equities analysts anticipate that Ulta Beauty, Inc. will post 23.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ULTA shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Ulta Beauty from $552.00 to $448.00 and set a “buy” rating for the company in a research report on Wednesday, August 28th. Robert W. Baird dropped their price objective on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a report on Friday, August 23rd. Bank of America decreased 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 note on Friday, August 30th. Wells Fargo & Company decreased 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 note on Friday, August 30th. Finally, TD Cowen decreased their price target on shares of Ulta Beauty from $500.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Ulta Beauty presently has a consensus rating of “Hold” and an average target price of $425.29.

About Ulta Beauty

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.