Robeco Institutional Asset Management B.V. decreased its position in Ulta Beauty Inc (NASDAQ:ULTA) by 19.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,311 shares of the specialty retailer’s stock after selling 4,547 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Ulta Beauty were worth $4,591,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Legacy Advisors LLC bought a new position in shares of Ulta Beauty in the second quarter valued at approximately $26,000. Commonwealth Bank of Australia increased its position in Ulta Beauty by 79.2% during the second quarter. Commonwealth Bank of Australia now owns 86 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 38 shares during the period. Next Capital Management LLC increased its position in Ulta Beauty by 206.7% during the second quarter. Next Capital Management LLC now owns 92 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 62 shares during the period. NEXT Financial Group Inc increased its position in Ulta Beauty by 42.0% during the second quarter. NEXT Financial Group Inc now owns 98 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 29 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new position in Ulta Beauty during the second quarter worth $34,000. 87.78% of the stock is currently owned by institutional investors.
A number of equities analysts recently issued reports on the stock. Piper Jaffray Companies lowered shares of Ulta Beauty from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $360.00 to $250.00 in a research report on Friday, August 30th. Wolfe Research started coverage on shares of Ulta Beauty in a report on Tuesday, October 8th. They issued a “buy” rating and a $288.00 price target on the stock. Jefferies Financial Group set a $310.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a report on Friday, August 30th. UBS Group lowered their price target on shares of Ulta Beauty from $365.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, ValuEngine raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $295.50.
Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 29th. The specialty retailer reported $2.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.79 by ($0.03). Ulta Beauty had a net margin of 9.86% and a return on equity of 37.04%. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the firm posted $2.46 EPS. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, sell-side analysts predict that Ulta Beauty Inc will post 11.81 EPS for the current year.
In related news, Director Charles Heilbronn purchased 115,258 shares of Ulta Beauty stock in a transaction that occurred on Thursday, September 26th. The shares were acquired at an average price of $236.41 per share, for a total transaction of $27,248,143.78. Following the transaction, the director now directly owns 60,368 shares in the company, valued at $14,271,598.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mary N. Dillon purchased 1,300 shares of Ulta Beauty stock in a transaction that occurred on Thursday, September 26th. The shares were bought at an average price of $237.17 per share, for a total transaction of $308,321.00. Following the transaction, the chief executive officer now owns 79,256 shares in the company, valued at $18,797,145.52. The disclosure for this purchase can be found here. Insiders bought a total of 186,567 shares of company stock worth $44,964,903 in the last 90 days. 4.20% of the stock is owned by corporate insiders.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.
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