Strs Ohio decreased its stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 55.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,673 shares of the specialty retailer’s stock after selling 29,916 shares during the period. Strs Ohio’s holdings in Ulta Beauty were worth $6,678,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of ULTA. Huntington National Bank increased its position in Ulta Beauty by 120.0% during the second quarter. Huntington National Bank now owns 440 shares of the specialty retailer’s stock worth $103,000 after purchasing an additional 240 shares during the last quarter. Altman Advisors Inc. increased its position in Ulta Beauty by 315.5% during the second quarter. Altman Advisors Inc. now owns 32,854 shares of the specialty retailer’s stock worth $142,000 after purchasing an additional 24,947 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in Ulta Beauty during the second quarter worth approximately $151,000. Dupont Capital Management Corp acquired a new position in Ulta Beauty during the second quarter worth approximately $162,000. Finally, Bridgewater Associates LP acquired a new position in Ulta Beauty during the second quarter worth approximately $201,000. 90.90% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Lorna Nagler sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $276.19, for a total transaction of $552,380.00. Following the completion of the sale, the director now directly owns 7,923 shares of the company’s stock, valued at approximately $2,188,253.37. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Catherine Ann Halligan sold 129 shares of the firm’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $281.50, for a total transaction of $36,313.50. Following the sale, the director now directly owns 3,628 shares of the company’s stock, valued at $1,021,282. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 68,407 shares of company stock valued at $19,580,698. Company insiders own 5.60% of the company’s stock.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 30th. The specialty retailer reported $2.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.41 by $0.05. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. Ulta Beauty had a net margin of 9.91% and a return on equity of 33.29%. Equities analysts anticipate that Ulta Beauty Inc will post 10.84 earnings per share for the current year.
ULTA has been the subject of several research analyst reports. ValuEngine lowered shares of Ulta Beauty from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. BidaskClub lowered shares of Ulta Beauty from a “hold” rating to a “sell” rating in a research report on Wednesday, July 4th. Zacks Investment Research raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $286.00 price objective for the company in a research report on Tuesday, July 17th. Jefferies Financial Group set a $285.00 price objective on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, July 30th. Finally, Wells Fargo & Co set a $278.00 price objective on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, August 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Ulta Beauty presently has a consensus rating of “Buy” and a consensus price target of $270.80.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.
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