Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 5.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,050 shares of the specialty retailer’s stock after selling 320 shares during the period. Mutual of America Capital Management LLC’s holdings in Ulta Beauty were worth $2,335,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Dimensional Fund Advisors LP raised its position in shares of Ulta Beauty by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 422,801 shares of the specialty retailer’s stock valued at $163,149,000 after buying an additional 24,822 shares during the last quarter. Rathbones Group PLC raised its position in shares of Ulta Beauty by 41.8% in the second quarter. Rathbones Group PLC now owns 154,095 shares of the specialty retailer’s stock valued at $59,461,000 after buying an additional 45,460 shares during the last quarter. Plato Investment Management Ltd raised its position in shares of Ulta Beauty by 312.7% in the second quarter. Plato Investment Management Ltd now owns 227 shares of the specialty retailer’s stock valued at $88,000 after buying an additional 172 shares during the last quarter. WINTON GROUP Ltd raised its position in shares of Ulta Beauty by 149.0% in the second quarter. WINTON GROUP Ltd now owns 11,183 shares of the specialty retailer’s stock valued at $4,315,000 after buying an additional 6,691 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. purchased a new stake in shares of Ulta Beauty in the second quarter valued at about $27,586,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Stock Up 2.2 %

Shares of NASDAQ:ULTA opened at $402.50 on Wednesday. The firm’s 50 day moving average price is $367.84 and its 200 day moving average price is $404.92. The stock has a market cap of $19.21 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing the consensus estimate of $5.47 by ($0.17). The firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The firm’s revenue was up .9% compared to the same quarter last year. During the same period last year, the business earned $6.02 EPS. On average, equities analysts anticipate that Ulta Beauty, Inc. will post 23.21 EPS for the current year.

Insiders Place Their Bets

In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total transaction of $39,008.00. Following the sale, the director now owns 2,017 shares of the company’s stock, valued at $786,791.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.39% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. UBS Group dropped their price objective on shares of Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a report on Friday, August 30th. Loop Capital dropped their price objective on shares of Ulta Beauty from $520.00 to $450.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ulta Beauty from $552.00 to $448.00 and set a “buy” rating for the company in a report on Wednesday, August 28th. Canaccord Genuity Group dropped their price objective on shares of Ulta Beauty from $522.00 to $500.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Finally, Bank of America dropped their price objective on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating for the company in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Ulta Beauty has a consensus rating of “Hold” and an average target price of $425.29.

Ulta Beauty 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.