New York Life Investment Management LLC Sells 97 Shares of Ulta Beauty Inc. $ULTA

New York Life Investment Management LLC decreased its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,775 shares of the specialty retailer’s stock after selling 97 shares during the quarter. New York Life Investment Management LLC’s holdings in Ulta Beauty were worth $3,169,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its position in shares of Ulta Beauty by 128.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer’s stock worth $449,021,000 after buying an additional 688,267 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in shares of Ulta Beauty by 64.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer’s stock valued at $341,453,000 after acquiring an additional 366,147 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Ulta Beauty by 81.7% during the 1st quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer’s stock valued at $334,871,000 after acquiring an additional 410,900 shares during the period. Invesco Ltd. lifted its position in shares of Ulta Beauty by 10.9% during the 1st quarter. Invesco Ltd. now owns 813,639 shares of the specialty retailer’s stock valued at $298,231,000 after acquiring an additional 79,666 shares during the period. Finally, Swedbank AB lifted its position in shares of Ulta Beauty by 17.4% during the 2nd quarter. Swedbank AB now owns 545,050 shares of the specialty retailer’s stock valued at $254,985,000 after acquiring an additional 80,734 shares during the period. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

ULTA has been the topic of a number of research reports. Barclays boosted their target price on shares of Ulta Beauty from $589.00 to $617.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Evercore ISI boosted their target price on shares of Ulta Beauty from $595.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. JPMorgan Chase & Co. boosted their target price on shares of Ulta Beauty from $525.00 to $600.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Raymond James Financial reiterated an “outperform” rating and set a $605.00 target price (up previously from $580.00) on shares of Ulta Beauty in a research report on Friday, August 29th. Finally, Wells Fargo & Company lifted their price target on shares of Ulta Beauty from $425.00 to $450.00 and gave the company an “underweight” rating in a research report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Ulta Beauty has a consensus rating of “Moderate Buy” and a consensus price target of $550.38.

Ulta Beauty Trading Up 0.7%

NASDAQ ULTA opened at $509.66 on Friday. The company has a fifty day simple moving average of $531.24 and a 200 day simple moving average of $480.81. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $572.23. The company has a market cap of $22.85 billion, a P/E ratio of 19.54, a PEG ratio of 2.78 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.03 by $0.75. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.66 billion. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. Ulta Beauty’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $5.30 EPS. Sell-side analysts predict that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Insider Activity at Ulta Beauty

In other news, Director Mike C. Smith sold 500 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $528.43, for a total value of $264,215.00. Following the completion of the sale, the director owned 2,263 shares in the company, valued at $1,195,837.09. This represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

About Ulta Beauty

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.