Mutual of America Capital Management LLC Reduces Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Mutual of America Capital Management LLC trimmed its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,756 shares of the specialty retailer’s stock after selling 530 shares during the period. Mutual of America Capital Management LLC’s holdings in Ulta Beauty were worth $4,290,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ULTA. Price T Rowe Associates Inc. MD lifted its position in shares of Ulta Beauty by 125.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,530,543 shares of the specialty retailer’s stock valued at $717,932,000 after buying an additional 852,258 shares in the last quarter. Morgan Stanley lifted its position in shares of Ulta Beauty by 56.7% during the 3rd quarter. Morgan Stanley now owns 1,538,533 shares of the specialty retailer’s stock valued at $614,568,000 after buying an additional 556,809 shares in the last quarter. Norges Bank purchased a new position in shares of Ulta Beauty during the 4th quarter valued at about $205,146,000. International Assets Investment Management LLC lifted its position in shares of Ulta Beauty by 45,740.3% during the 4th quarter. International Assets Investment Management LLC now owns 291,544 shares of the specialty retailer’s stock valued at $142,854,000 after buying an additional 290,908 shares in the last quarter. Finally, Boston Partners lifted its position in shares of Ulta Beauty by 86.5% during the 3rd quarter. Boston Partners now owns 342,547 shares of the specialty retailer’s stock valued at $136,451,000 after buying an additional 158,897 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Kecia Steelman sold 20,950 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $526.39, for a total transaction of $11,027,870.50. Following the transaction, the chief operating officer now owns 10,494 shares of the company’s stock, valued at approximately $5,523,936.66. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, COO Kecia Steelman sold 20,950 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $526.39, for a total transaction of $11,027,870.50. Following the completion of the transaction, the chief operating officer now owns 10,494 shares in the company, valued at approximately $5,523,936.66. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Catherine Ann Halligan sold 500 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $526.26, for a total value of $263,130.00. Following the transaction, the director now owns 1,665 shares of the company’s stock, valued at approximately $876,222.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,552 shares of company stock valued at $12,920,326. 0.34% of the stock is currently owned by insiders.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $433.24 on Tuesday. The company has a market cap of $20.91 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 1.82 and a beta of 1.30. The stock’s 50 day simple moving average is $519.24 and its two-hundred day simple moving average is $467.97. Ulta Beauty, Inc. has a 1 year low of $368.02 and a 1 year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share for the quarter, beating the consensus estimate of $7.49 by $0.59. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.53 billion. Ulta Beauty had a return on equity of 61.64% and a net margin of 11.52%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.68 EPS. As a group, analysts anticipate that Ulta Beauty, Inc. will post 26.74 EPS for the current year.

Ulta Beauty declared that its board has initiated a share buyback plan on Thursday, March 14th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the specialty retailer to buy up to 7.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ULTA shares. UBS Group lifted their price objective on Ulta Beauty from $575.00 to $690.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Wells Fargo & Company lifted their target price on Ulta Beauty from $400.00 to $450.00 and gave the company an “underweight” rating in a research note on Friday, March 15th. Stifel Nicolaus lifted their target price on Ulta Beauty from $505.00 to $565.00 and gave the company a “hold” rating in a research note on Friday, March 15th. DA Davidson reissued a “buy” rating and set a $595.00 target price on shares of Ulta Beauty in a research note on Friday, March 15th. Finally, Oppenheimer decreased their target price on Ulta Beauty from $600.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $570.70.

Ulta Beauty Company 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.