Northwestern Mutual Investment Management Company LLC lowered its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 79.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,384 shares of the specialty retailer’s stock after selling 9,441 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Ulta Beauty were worth $581,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp boosted its holdings in Ulta Beauty by 11.2% in the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 40 shares during the period. FNY Partners Fund LP acquired a new position in Ulta Beauty in the first quarter worth $142,000. NEXT Financial Group Inc boosted its holdings in Ulta Beauty by 18.0% in the first quarter. NEXT Financial Group Inc now owns 565 shares of the specialty retailer’s stock worth $159,000 after purchasing an additional 86 shares during the period. Copper Rock Capital Partners LLC boosted its holdings in Ulta Beauty by 316.8% in the second quarter. Copper Rock Capital Partners LLC now owns 842 shares of the specialty retailer’s stock worth $215,000 after purchasing an additional 640 shares during the period. Finally, EFG Asset Management Americas Corp. acquired a new position in Ulta Beauty in the first quarter worth $221,000. Institutional investors own 88.01% of the company’s stock.
In other news, Director Michael R. Macdonald acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average cost of $208.37 per share, for a total transaction of $416,740.00. Following the completion of the acquisition, the director now owns 6,224 shares in the company, valued at $1,296,894.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.20% of the stock is currently owned by company insiders.
Shares of Ulta Beauty Inc. (ULTA) opened at 228.60 on Tuesday. The company has a 50 day moving average price of $238.38 and a 200 day moving average price of $273.65. Ulta Beauty Inc. has a 52 week low of $204.01 and a 52 week high of $314.86. The company has a market cap of $14.16 billion, a PE ratio of 30.43 and a beta of 0.57.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.05. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. Ulta Beauty’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period last year, the company earned $1.43 earnings per share. On average, equities analysts expect that Ulta Beauty Inc. will post $8.38 earnings per share for the current year.
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A number of research firms have commented on ULTA. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $260.00 price objective (down previously from $330.00) on shares of Ulta Beauty in a report on Tuesday, September 5th. Morgan Stanley decreased their price objective on shares of Ulta Beauty from $313.00 to $245.00 and set an “equal weight” rating for the company in a report on Monday, August 28th. Royal Bank Of Canada decreased their price objective on shares of Ulta Beauty from $250.00 to $212.36 and set a “sector perform” rating for the company in a report on Monday, August 28th. Buckingham Research set a $225.00 price objective on shares of Ulta Beauty and gave the stock a “hold” rating in a report on Friday, August 25th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $300.00 price objective (down previously from $330.00) on shares of Ulta Beauty in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the stock. Ulta Beauty currently has an average rating of “Hold” and an average price target of $281.63.
Ulta Beauty Profile
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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