Mutual of America Capital Management LLC reduced stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Mutual of America Capital Management LLC reduced its position in shares of Ulta Beauty, Inc. (NASDAQ: ULTA – Get a rating) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,786 shares of the specialty retailer’s stock after selling 214 shares during the quarter. America Capital Management LLC’s holdings in Ulta Beauty were worth $3,772,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings. Vanguard Group Inc. raised its stake in shares of Ulta Beauty by 0.7% in the first quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer’s stock valued at $2,344,096,000 after buying an additional 40,190 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Ulta Beauty by 43.1% in the first quarter. Wellington Management Group LLP now owns 2,276,111 shares of the specialty retailer’s stock valued at $906,392,000 after purchasing an additional 685,026 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Ulta Beauty by 18.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 596,823 shares of the specialty retailer’s stock valued at $237,666,000 after buying an additional 92,443 shares in the last quarter. Invesco Ltd. grew its stake in shares of Ulta Beauty by 33.6% in the first quarter. Now Invesco Ltd. now owns 473,586 shares of the specialty retailer’s stock valued at $188,593,000 after purchasing an additional 119,048 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Ulta Beauty by 9.5% in the first quarter. Dimensional Fund Advisors LP now owns 414,845 shares of the specialty retailer’s stock valued at $165,207,000 after buying an additional 35,973 shares in the last quarter. Hedge funds and other institutional investors own 89.20% of the company’s shares.

Changes in analysts’ ratings

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Ulta Beauty from $435.00 to $450.00 and gave the stock a “hold” rating in a research report on Friday, August 26th. Cowen upped their target price on shares of Ulta Beauty from $480.00 to $503.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th. Cowen upped their target price on shares of Ulta Beauty from $480.00 to $503.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th. Robert W. Baird boosted their price target on shares of Ulta Beauty from $480.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, August 26th. Finally, Credit Suisse Group upped their target price on shares of Ulta Beauty from $455.00 to $480.00 and gave the company an “outperform” rating in a research report on Friday, August 26th. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Moderate Buy” and a consensus target price of $485.71, according to MarketBeat.com.

Insider buying and selling

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

Ulta Beauty Price Performance

NASDAQ: ULTA opened at $440.50 on Monday. Ulta Beauty, Inc. has a 1 year low of $330.80 and a 1 year high of $451.30. The company has a 50-day moving average of $409.28 and a 200-day moving average of $401.00. The firm has a market cap of $22.56 billion, a PE ratio of 20.63, a price-to-earnings ratio of 1.48 and a beta of 1.32.

Ulta Beauty (NASDAQ: ULTA – Get a rating) last issued its quarterly earnings data on Thursday, August 25th. The specialty retailer reported $5.70 earnings per share for the quarter, topping analysts’ consensus estimates of $4.96 by $0.74. Ulta Beauty had a net margin of 12.08% and a return on equity of 64.33%. The company reported revenue of $2.30 billion for the quarter, compared to analysts’ estimates of $2.20 billion. During the same period of the previous year, the firm received $4.56 in earnings per share. The company’s revenue for the quarter grew by 16.8% compared to the same quarter last year. Sell-side analysts expect that Ulta Beauty, Inc. will post 21.34 EPS for the current fiscal year.

Ulta Beauty Profile

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

Further reading

Want to see what other hedge funds hold ULTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades of Ulta Beauty, Inc. (NASDAQ: ULTA – Get a rating).

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