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

Mutual of America Capital Management LLC lessened its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 4.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,397 shares of the specialty retailer’s stock after selling 251 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Ulta Beauty were worth $1,978,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Prestige Wealth Management Group LLC lifted its stake in Ulta Beauty by 121.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 34 shares during the period. American National Bank & Trust bought a new position in Ulta Beauty in the first quarter worth about $29,000. Wayfinding Financial LLC bought a new position in Ulta Beauty in the first quarter worth about $31,000. Rakuten Securities Inc. lifted its holdings in Ulta Beauty by 218.5% in the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer’s stock worth $32,000 after buying an additional 59 shares during the period. Finally, North Star Investment Management Corp. boosted its position in Ulta Beauty by 71.4% during the 1st quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $493.30 on Friday. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $498.52. The stock’s 50 day simple moving average is $455.14 and its two-hundred day simple moving average is $405.08. The company has a market cap of $22.17 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 2.99 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, beating the consensus estimate of $5.73 by $0.97. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.79 billion. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.47 EPS. As a group, analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Analysts Set New Price Targets

ULTA has been the subject of several recent research reports. Raymond James Financial reissued an “outperform” rating and set a $500.00 price objective (up previously from $450.00) on shares of Ulta Beauty in a research report on Friday, May 30th. Wells Fargo & Company lifted their price target on Ulta Beauty from $315.00 to $350.00 and gave the stock an “underweight” rating in a research report on Friday, May 30th. Citigroup lifted their price target on Ulta Beauty from $425.00 to $450.00 and gave the stock a “neutral” rating in a research report on Friday, May 30th. Argus lowered Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Monday, April 14th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $520.00 price target on shares of Ulta Beauty in a research report on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Ulta Beauty presently has a consensus rating of “Moderate Buy” and a consensus target price of $465.04.

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.