Mutual of America Capital Management LLC Lowers Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Mutual of America Capital Management LLC lowered its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTAGet Rating) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,786 shares of the specialty retailer’s stock after selling 214 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Ulta Beauty were worth $3,772,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Ulta Beauty by 0.7% in the first quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer’s stock worth $2,344,096,000 after buying an additional 40,190 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Ulta Beauty by 43.1% in the first quarter. Wellington Management Group LLP now owns 2,276,111 shares of the specialty retailer’s stock worth $906,392,000 after buying an additional 685,026 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Ulta Beauty by 18.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 596,823 shares of the specialty retailer’s stock worth $237,666,000 after buying an additional 92,443 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Ulta Beauty by 33.6% in the first quarter. Invesco Ltd. now owns 473,586 shares of the specialty retailer’s stock worth $188,593,000 after buying an additional 119,048 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Ulta Beauty by 9.5% in the first quarter. Dimensional Fund Advisors LP now owns 414,845 shares of the specialty retailer’s stock worth $165,207,000 after purchasing an additional 35,973 shares during the last quarter. Hedge funds and other institutional investors own 89.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus boosted their price target on shares of Ulta Beauty from $435.00 to $450.00 and gave the stock a “hold” rating in a research report on Friday, August 26th. Cowen boosted their price target on shares of Ulta Beauty from $480.00 to $503.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th. Cowen boosted their price target on shares of Ulta Beauty from $480.00 to $503.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th. Robert W. Baird boosted their price objective on shares of Ulta Beauty from $480.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 26th. Finally, Credit Suisse Group boosted their price objective on shares of Ulta Beauty from $455.00 to $480.00 and gave the company an “outperform” rating in a research report on Friday, August 26th. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $485.71.

Insider Buying and Selling

In related news, insider Anita Jane Ryan sold 594 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $440.53, for a total value of $261,674.82. Following the completion of the sale, the insider now directly owns 2,482 shares of the company’s stock, valued at $1,093,395.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Anita Jane Ryan sold 594 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $440.53, for a total value of $261,674.82. Following the completion of the sale, the insider now directly owns 2,482 shares of the company’s stock, valued at $1,093,395.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Catherine Ann Halligan sold 276 shares of the company’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $445.86, for a total transaction of $123,057.36. Following the completion of the sale, the director now directly owns 2,168 shares of the company’s stock, valued at $966,624.48. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $440.50 on Monday. Ulta Beauty, Inc. has a 1-year low of $330.80 and a 1-year high of $451.30. The company has a 50-day moving average of $409.28 and a 200 day moving average of $401.00. The firm has a market cap of $22.56 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 1.48 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTAGet Rating) last released its quarterly earnings data on Thursday, August 25th. The specialty retailer reported $5.70 earnings per share for the quarter, topping analysts’ consensus estimates of $4.96 by $0.74. Ulta Beauty had a net margin of 12.08% and a return on equity of 64.33%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period in the prior year, the firm earned $4.56 earnings per share. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. Sell-side analysts anticipate that Ulta Beauty, Inc. will post 21.34 EPS for the current fiscal year.

Ulta Beauty Profile

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Ulta Beauty, Inc engages in the retail of beauty products. The company has one reportable segment, which includes retail stores, salon services, and e-commerce. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. Ulta was founded on January 9, 1990, and is headquartered in Bolingbrook, IL.

Further Reading

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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