Ulta Beauty Inc. $ULTA Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 4.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,177 shares of the specialty retailer’s stock after selling 220 shares during the period. Mutual of America Capital Management LLC’s holdings in Ulta Beauty were worth $2,422,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Hemington Wealth Management raised its stake in shares of Ulta Beauty by 142.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 40 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Ulta Beauty in the first quarter valued at $31,000. Ransom Advisory Ltd acquired a new stake in shares of Ulta Beauty in the first quarter valued at $36,000. Costello Asset Management INC acquired a new stake in shares of Ulta Beauty in the first quarter valued at $37,000. Finally, Larson Financial Group LLC raised its stake in shares of Ulta Beauty by 178.4% in the first quarter. Larson Financial Group LLC now owns 103 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 66 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Stock Down 1.3%

ULTA opened at $517.66 on Friday. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $572.23. The business’s 50 day moving average is $531.50 and its two-hundred day moving average is $475.52. The firm has a market cap of $23.21 billion, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 2.89 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share for the quarter, beating the consensus estimate of $5.03 by $0.75. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.66 billion. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The company’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $5.30 earnings per share. Equities analysts expect that Ulta Beauty Inc. will post 23.96 EPS 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 on Thursday, September 4th. The shares were sold at an average price of $528.43, for a total transaction 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ULTA. Weiss Ratings restated a “hold (c)” rating on shares of Ulta Beauty in a research note on Friday. Wells Fargo & Company raised their price target on Ulta Beauty from $425.00 to $450.00 and gave the company an “underweight” rating in a research note on Thursday, October 16th. Raymond James Financial restated an “outperform” rating and issued a $605.00 price target (up from $580.00) on shares of Ulta Beauty in a research note on Friday, August 29th. Jefferies Financial Group raised their price target on Ulta Beauty from $425.00 to $550.00 and gave the company a “hold” rating in a research note on Tuesday, August 26th. Finally, JPMorgan Chase & Co. raised their price target on Ulta Beauty from $525.00 to $600.00 and gave the company an “overweight” rating in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $550.38.

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.