Sei Investments Co. Sells 5,004 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Sei Investments Co. decreased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 9.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 49,120 shares of the specialty retailer’s stock after selling 5,004 shares during the quarter. Sei Investments Co.’s holdings in Ulta Beauty were worth $18,955,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Janiczek Wealth Management LLC grew its position in Ulta Beauty by 32.5% in the 1st quarter. Janiczek Wealth Management LLC now owns 102 shares of the specialty retailer’s stock valued at $53,000 after acquiring an additional 25 shares during the last quarter. Commerce Bank grew its holdings in shares of Ulta Beauty by 1.0% in the fourth quarter. Commerce Bank now owns 2,742 shares of the specialty retailer’s stock worth $1,344,000 after purchasing an additional 26 shares during the last quarter. Meeder Advisory Services Inc. increased its stake in Ulta Beauty by 5.8% in the 1st quarter. Meeder Advisory Services Inc. now owns 478 shares of the specialty retailer’s stock worth $250,000 after buying an additional 26 shares during the period. Sage Capital Advisors llc increased its stake in Ulta Beauty by 5.4% in the 2nd quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock worth $203,000 after buying an additional 27 shares during the period. Finally, Wedmont Private Capital lifted its holdings in Ulta Beauty by 2.9% during the 1st quarter. Wedmont Private Capital now owns 993 shares of the specialty retailer’s stock valued at $519,000 after buying an additional 28 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Price Performance

Shares of ULTA stock opened at $402.26 on Thursday. The business has a fifty day moving average of $367.84 and a 200 day moving average of $404.92. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The firm has a market capitalization of $19.19 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 2.25 and a beta of 1.31.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) 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 analysts’ expectations of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.02 earnings per share. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 23.21 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th. Bank of America reduced their price objective on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. TD Cowen cut Ulta Beauty from a “buy” rating to a “hold” rating and set a $395.00 target price for the company. in a report on Monday. Evercore ISI cut their price target on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, August 26th. Finally, The Goldman Sachs Group cut their price objective on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $425.29.

Insider Buying and Selling at Ulta Beauty

In other news, Director Catherine Ann Halligan sold 100 shares of the stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total value of $39,008.00. Following the sale, the director now owns 2,017 shares in the company, valued at $786,791.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.39% of the company’s stock.

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.