Mutual of America Capital Management LLC acquired Ulta Beauty, Inc. reduced stake in

Mutual of America Capital Management LLC acquired Ulta Beauty, Inc. during the second quarter. (NASDAQ:ULTRA – GET RATING) reduced its position by 2.1%, as per its most recent filing with the SEC. The institutional investor held 9,786 shares of the specialty retailer’s stock after selling 214 shares during the period. At the end of the most recent quarter Mutual of America Capital Management LLC’s holding in Ulta Beauty was worth $3,772,000.

Other hedge funds and other institutional investors also increased or decreased their stakes in the company recently. SignatureFD LLC boosted its stake in Ulta Beauty to 4.4% during the first quarter. After acquiring an additional 26 shares during the last quarter, SignatureFD LLC now owns 617 shares of the specialty retailer’s stock valued at $246,000. Parkside Financial Bank & Trust increased its stake in Ulta Beauty’s shares to 59.1% in the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer valued at $28,000 after purchasing an additional 26 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in Ulta Beauty shares by 4.9% in the second quarter. Cornerstone Wealth Management LLC now owns 679 shares of the specialty retailer valued at $262,000 after buying an additional 32 shares in the last quarter. Kinneret Advisory LLC increased its stake in shares of Ulta Beauty by 2.2% in the first quarter. Kinerate Advisory LLC now owns 1,526 shares of the specialty retailer valued at $608,000 after buying an additional 33 shares in the last quarter. Finally, WD Rutherford LLC increased its stake in Ulta Beauty shares to 100.0% in the first quarter. WD Rutherford LLC now owns 90 shares of the specialty retailer valued at $36,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors hold 89.20% of the company’s stock.

Insider Activity at Ulta Beauty

In related news, Director Katherine Ann Halligan sold 276 shares of the firm’s stock in a transaction that occurred on Thursday, September 8. The stock was sold at an average price of $445.86 for a total value of $123,057.36. Following the sale, the director now directly owns 2,168 shares in the company, valued at approximately $966,624.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed via this hyperlink. In related news, insider Anita Jane Ryan sold 594 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7. The stock was sold at an average price of $440.53 for a total value of $261,674.82. Following the sale, the insider now directly owns 2,482 shares in the company, valued at approximately $1,093,395.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed via this hyperlink. Also, Director Katherine Ann Halligan sold 276 shares of the firm’s stock in a transaction that occurred on Thursday, September 8. Shares were sold at an average price of $445.86 for a total value of $123,057.36. Following the completion of the sale, the director now holds 2,168 shares in the company, valued at $966,624.48. Disclosure of this sale can be found here. 2.00% of the stock is owned by insiders.

Wall Street analysts forecast growth

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Several equity research analysts have recently issued reports on Ulta shares. Telsey Advisory Group raised its target price on Ulta Beauty from $475.00 to $510.00 and gave the company an “outperform” rating in a research note on Friday, August 26. Credit Suisse Group raised its target price on Ulta Beauty from $455.00 to $480.00 and gave the company an “outperform” rating in a research note on Friday, August 26. Deutsche Bank Aktiengesellschaft raised its price target on Ulta Beauty from $548.00 to $563.00 and gave the company a “buy” rating in a research note on Wednesday, August 24. William Blair began coverage on Ulta Beauty in a report on Friday, August 26. They set an “Outperform” rating on the stock. Finally, StockNews.com downgraded Ulta Beauty from a “Buy” rating to a “Hold” rating in a report on Monday, October 31. Six research analysts have a rating on the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “medium buy” and an average price target of $485.71, according to Marketbeat data.

Ulta Beauty trading up 1.3%

Shares of NASDAQ ULTA opened on Monday at $440.50. The company has a market cap of $22.56 billion, price-to-earnings ratio of 20.63, price-to-earnings-growth ratio of 1.48 and beta of 1.32. Ulta Beauty, Inc. The 12-month low is $330.80 and the 12-month high is $451.30. The stock’s 50-day simple moving average is $409.28 and its 200-day simple moving average is $401.00.

Ulta Beauty (NASDAQ: ULTA – Receive Rating) last announced its quarterly earnings results on Thursday, August 25. The specialty retailer reported earnings per share (EPS) of $5.70 for the quarter, topping the consensus estimate of $4.96 by $0.74. The business had revenue of $2.30 billion for the quarter, compared to consensus estimates of $2.20 billion. Ulta Beauty had a return on equity of 64.33% and a net margin of 12.08%. The business’s revenue was up 16.8% on a year-on-year basis. During the same quarter last year, the business posted EPS of $4.56. As a group, equity analysts estimate that Ulta Beauty, Inc. 21.34 earnings per share for the current financial year.

Ulta Beauty Company Profile

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Ulta Beauty, Inc. engages in the retail sale of beauty products. The company has one reportable segment, which includes retail stores, salon services and e-commerce. Its products include makeup, skin care, tools and brushes, fragrances and bath and body. Ulta was founded on January 9, 1990 and is headquartered in Bolingbrook, IL.

Further reading

Want to see what other hedge funds are holding Ulta? Ulta Beauty, Inc. Visit HoldingsChannel.com to get the latest 13F filings and insider trades. (NASDAQ: ULTA – Receive Rating).

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

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