Dai Ichi Life Insurance Company Ltd reduced its stake in Ulta Beauty Inc (NASDAQ:ULTA) by 69.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,324 shares of the specialty retailer’s stock after selling 14,500 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in Ulta Beauty were worth $1,476,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Huntington National Bank boosted its position in shares of Ulta Beauty by 120.0% during the second quarter. Huntington National Bank now owns 440 shares of the specialty retailer’s stock valued at $103,000 after buying an additional 240 shares during the last quarter. Altman Advisors Inc. boosted its position in shares of Ulta Beauty by 315.5% during the second quarter. Altman Advisors Inc. now owns 32,854 shares of the specialty retailer’s stock valued at $142,000 after buying an additional 24,947 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Ulta Beauty during the second quarter valued at $151,000. Dupont Capital Management Corp purchased a new stake in shares of Ulta Beauty during the second quarter valued at $162,000. Finally, Optimum Investment Advisors purchased a new stake in shares of Ulta Beauty during the first quarter valued at $163,000. 89.59% of the stock is currently owned by hedge funds and other institutional investors.
ULTA stock opened at $275.66 on Friday. Ulta Beauty Inc has a fifty-two week low of $187.96 and a fifty-two week high of $276.78. The stock has a market capitalization of $15.54 billion, a price-to-earnings ratio of 33.78, a PEG ratio of 1.29 and a beta of 0.73.
Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 30th. The specialty retailer reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.05. Ulta Beauty had a return on equity of 33.29% and a net margin of 9.91%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. equities research analysts forecast that Ulta Beauty Inc will post 10.84 EPS for the current year.
In other news, Director Charles J. Philippin sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $251.00, for a total value of $12,550,000.00. Following the transaction, the director now owns 130,923 shares of the company’s stock, valued at $32,861,673. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey J. Childs sold 8,000 shares of the firm’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $251.83, for a total value of $2,014,640.00. Following the completion of the transaction, the insider now directly owns 13,534 shares in the company, valued at approximately $3,408,267.22. The disclosure for this sale can be found here. Insiders sold 72,400 shares of company stock worth $18,176,208 in the last ninety days. Corporate insiders own 5.60% of the company’s stock.
Several research firms recently commented on ULTA. UBS Group dropped their price objective on Ulta Beauty from $290.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, August 31st. Morgan Stanley increased their price objective on Ulta Beauty from $260.00 to $280.00 and gave the company an “overweight” rating in a research report on Tuesday. OTR Global raised Ulta Beauty to a “positive” rating in a research report on Monday, May 21st. Goldman Sachs Group cut Ulta Beauty from a “buy” rating to a “neutral” rating and increased their price objective for the company from $241.00 to $272.00 in a research report on Tuesday, June 5th. Finally, Zacks Investment Research cut Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Thursday, July 19th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $265.52.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.
Featured Article: What do investors mean by earnings per share?
Want to see what other hedge funds are holding ULTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ulta Beauty Inc (NASDAQ:ULTA).
Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.