Daiwa Securities Group Inc. lowered its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 47.7% during the second quarter, Holdings Channel reports. The fund owned 2,940 shares of the specialty retailer’s stock after selling 2,680 shares during the period. Daiwa Securities Group Inc.’s holdings in Ulta Beauty were worth $845,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Iberiabank Corp boosted its position in shares of Ulta Beauty by 9.2% in the second quarter. Iberiabank Corp now owns 4,549 shares of the specialty retailer’s stock valued at $1,307,000 after buying an additional 383 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Ulta Beauty by 8.4% in the first quarter. Janney Montgomery Scott LLC now owns 13,706 shares of the specialty retailer’s stock valued at $3,909,000 after buying an additional 1,065 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Ulta Beauty by 0.4% in the first quarter. Principal Financial Group Inc. now owns 94,590 shares of the specialty retailer’s stock valued at $26,981,000 after buying an additional 405 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Ulta Beauty by 107.0% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 9,120 shares of the specialty retailer’s stock valued at $2,601,000 after buying an additional 4,715 shares during the last quarter. Finally, Covenant Asset Management LLC boosted its position in shares of Ulta Beauty by 1.9% in the second quarter. Covenant Asset Management LLC now owns 3,676 shares of the specialty retailer’s stock valued at $1,056,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Shares of Ulta Beauty Inc. (NASDAQ:ULTA) opened at 251.05 on Friday. Ulta Beauty Inc. has a 1-year low of $225.13 and a 1-year high of $314.86. The stock’s 50 day moving average is $262.09 and its 200-day moving average is $279.55. The firm has a market cap of $15.57 billion, a PE ratio of 35.25 and a beta of 0.57.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.79 by $0.12. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Ulta Beauty had a net margin of 8.75% and a return on equity of 28.91%. Ulta Beauty’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.45 earnings per share. Analysts expect that Ulta Beauty Inc. will post $8.32 earnings per share for the current year.

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Several research analysts recently commented on ULTA shares. Zacks Investment Research upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $329.00 target price for the company in a report on Monday, May 22nd. Jefferies Group LLC restated a “buy” rating and set a $350.00 target price on shares of Ulta Beauty in a report on Friday, July 14th. Oppenheimer Holdings, Inc. cut shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Monday, July 31st. BidaskClub cut shares of Ulta Beauty from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $290.00 target price on shares of Ulta Beauty in a report on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $319.05.

In related news, Director Robert F. Diromualdo sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $309.05, for a total value of $6,181,000.00. Following the transaction, the director now directly owns 4,717 shares in the company, valued at $1,457,788.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Catherine Ann Halligan sold 500 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $312.36, for a total transaction of $156,180.00. Following the completion of the transaction, the director now owns 4,126 shares in the company, valued at $1,288,797.36. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

About Ulta Beauty

Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.

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

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