Keybank National Association OH Sells 1,694 Shares of Ulta Beauty Inc (NASDAQ:ULTA)

Keybank National Association OH trimmed its position in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 57.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,280 shares of the specialty retailer’s stock after selling 1,694 shares during the period. Keybank National Association OH’s holdings in Ulta Beauty were worth $321,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ULTA. Nuveen Asset Management LLC raised its position in shares of Ulta Beauty by 3,169.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,147,792 shares of the specialty retailer’s stock valued at $398,158,000 after purchasing an additional 1,112,684 shares during the period. Invesco Ltd. increased its holdings in Ulta Beauty by 46.1% in the 2nd quarter. Invesco Ltd. now owns 1,532,011 shares of the specialty retailer’s stock valued at $531,439,000 after acquiring an additional 483,342 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Ulta Beauty by 13.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,774,253 shares of the specialty retailer’s stock valued at $615,471,000 after acquiring an additional 210,475 shares during the last quarter. BlackRock Inc. increased its holdings in Ulta Beauty by 5.3% in the 2nd quarter. BlackRock Inc. now owns 4,166,032 shares of the specialty retailer’s stock valued at $1,445,154,000 after acquiring an additional 207,927 shares during the last quarter. Finally, Balyasny Asset Management LLC increased its holdings in Ulta Beauty by 1,027.6% in the 2nd quarter. Balyasny Asset Management LLC now owns 195,376 shares of the specialty retailer’s stock valued at $67,774,000 after acquiring an additional 178,050 shares during the last quarter. Hedge funds and other institutional investors own 86.98% of the company’s stock.

In other Ulta Beauty news, Director Charles Heilbronn acquired 70,009 shares of the company’s stock in a transaction on Monday, September 30th. The stock was acquired at an average cost of $248.66 per share, with a total value of $17,408,437.94. Following the purchase, the director now directly owns 60,368 shares of the company’s stock, valued at approximately $15,011,106.88. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Mary N. Dillon purchased 1,300 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were purchased at an average cost of $237.17 per share, with a total value of $308,321.00. Following the completion of the purchase, the chief executive officer now owns 79,256 shares in the company, valued at approximately $18,797,145.52. The disclosure for this purchase can be found here. Insiders acquired a total of 186,567 shares of company stock valued at $44,964,903 over the last three months. Corporate insiders own 4.20% of the company’s stock.

Shares of NASDAQ:ULTA opened at $246.30 on Friday. Ulta Beauty Inc has a 52 week low of $224.43 and a 52 week high of $368.83. The stock has a market capitalization of $14.36 billion, a P/E ratio of 22.70, a PEG ratio of 1.23 and a beta of 1.13. The firm has a fifty day simple moving average of $243.39 and a two-hundred day simple moving average of $303.72. The company has a quick ratio of 0.57, a current ratio of 1.80 and a debt-to-equity ratio of 0.92.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $2.76 EPS for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.03). Ulta Beauty had a return on equity of 37.04% and a net margin of 9.86%. The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the previous year, the business earned $2.46 earnings per share. The business’s quarterly revenue was up 12.0% on a year-over-year basis. On average, analysts expect that Ulta Beauty Inc will post 11.81 earnings per share for the current year.

ULTA has been the topic of a number of research reports. Atlantic Securities downgraded shares of Ulta Beauty from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $390.00 to $250.00 in a report on Friday, August 30th. Robert W. Baird set a $315.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a report on Tuesday, September 17th. UBS Group reduced 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. Wells Fargo & Co downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $350.00 to $235.00 in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. downgraded shares of Ulta Beauty to a “buy” rating and reduced their price target for the company from $395.00 to $317.00 in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $289.22.

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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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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