Northwestern Mutual Wealth Management Co. Has $1.68 Million Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Northwestern Mutual Wealth Management Co. decreased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 52.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,353 shares of the specialty retailer’s stock after selling 4,831 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Ulta Beauty were worth $1,680,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Choreo LLC boosted its stake in 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 acquiring an additional 1,198 shares during the last quarter. 1832 Asset Management L.P. lifted its stake in shares of 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 valued at $7,079,000 after purchasing an additional 7,887 shares during the period. Duality Advisers LP boosted its position in shares of 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 purchasing an additional 3,504 shares during the last quarter. Broad Bay Capital Management LP acquired a new stake in shares of Ulta Beauty during the fourth quarter worth $10,412,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Ulta Beauty by 10.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,799 shares of the specialty retailer’s stock worth $46,954,000 after purchasing an additional 8,337 shares during the period. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Stock Up 2.4 %

NASDAQ:ULTA opened at $381.80 on Friday. The firm has a market capitalization of $17.99 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 2.13 and a beta of 1.32. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The stock’s 50 day moving average price is $368.67 and its two-hundred day moving average price is $397.02.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data 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). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the prior year, the firm earned $6.02 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. As a group, analysts anticipate that Ulta Beauty, Inc. will post 23.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ULTA. UBS Group reduced their target price on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating on the stock in a report on Friday, August 30th. 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. Telsey Advisory Group lowered their target price on shares of Ulta Beauty from $500.00 to $450.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Barclays lifted their price target on shares of Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. Finally, Citigroup lowered their price objective on shares of Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $425.08.

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.