DekaBank Deutsche Girozentrale Sells 5,238 Shares of Ulta Beauty Inc. $ULTA

DekaBank Deutsche Girozentrale lowered its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 209,415 shares of the specialty retailer’s stock after selling 5,238 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Ulta Beauty were worth $95,825,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in Ulta Beauty by 128.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer’s stock valued at $449,021,000 after buying an additional 688,267 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in Ulta Beauty by 64.8% during the first quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer’s stock valued at $341,453,000 after buying an additional 366,147 shares during the period. JPMorgan Chase & Co. lifted its position in Ulta Beauty by 81.7% during the first quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer’s stock valued at $334,871,000 after buying an additional 410,900 shares during the period. Invesco Ltd. lifted its position in Ulta Beauty by 10.9% during the first quarter. Invesco Ltd. now owns 813,639 shares of the specialty retailer’s stock valued at $298,231,000 after buying an additional 79,666 shares during the period. Finally, Swedbank AB lifted its position in Ulta Beauty by 17.4% during the second quarter. Swedbank AB now owns 545,050 shares of the specialty retailer’s stock valued at $254,985,000 after buying an additional 80,734 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Bank of America raised their price objective on Ulta Beauty from $500.00 to $575.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Morgan Stanley raised their price target on Ulta Beauty from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Oppenheimer raised their price target on Ulta Beauty from $510.00 to $600.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. Telsey Advisory Group restated an “outperform” rating and set a $610.00 price target on shares of Ulta Beauty in a report on Friday. Finally, Canaccord Genuity Group raised their price target on Ulta Beauty from $650.00 to $653.00 and gave the company a “buy” rating in a report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $550.38.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $523.72 on Tuesday. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $572.23. The stock has a 50-day moving average of $531.67 and a 200 day moving average of $472.27. The company has a market capitalization of $23.48 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 2.94 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, topping the consensus estimate of $5.03 by $0.75. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period last year, the company earned $5.30 EPS. Ulta Beauty’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $528.43, for a total value of $264,215.00. Following the transaction, the director directly owned 2,263 shares of the company’s stock, valued at approximately $1,195,837.09. This trade represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.

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.