Nomura Holdings Inc. trimmed its position in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 69.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,116 shares of the specialty retailer’s stock after selling 4,758 shares during the quarter. Nomura Holdings Inc.’s holdings in Ulta Beauty were worth $494,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Schroder Investment Management Group purchased a new position in Ulta Beauty during the second quarter worth $2,599,000. Advisors Asset Management Inc. boosted its stake in Ulta Beauty by 39.4% during the second quarter. Advisors Asset Management Inc. now owns 26,484 shares of the specialty retailer’s stock worth $6,183,000 after buying an additional 7,484 shares during the period. California Public Employees Retirement System boosted its stake in Ulta Beauty by 16.1% during the second quarter. California Public Employees Retirement System now owns 184,987 shares of the specialty retailer’s stock worth $43,187,000 after buying an additional 25,603 shares during the period. Davy Asset Management Ltd purchased a new position in Ulta Beauty during the second quarter worth $1,704,000. Finally, Glenmede Trust Co. NA lifted its position in shares of Ulta Beauty by 327.1% during the second quarter. Glenmede Trust Co. NA now owns 52,293 shares of the specialty retailer’s stock worth $12,208,000 after purchasing an additional 40,050 shares during the last quarter. 90.64% of the stock is owned by institutional investors.

Several analysts have recently weighed in on the company. BidaskClub upgraded Ulta Beauty from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. Loop Capital reiterated a “hold” rating and set a $280.00 target price (up from $250.00) on shares of Ulta Beauty in a research report on Thursday, September 13th. UBS Group lifted their target price on Ulta Beauty from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. Morgan Stanley lifted their target price on Ulta Beauty from $260.00 to $280.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 4th. Finally, Goldman Sachs Group downgraded Ulta Beauty from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $241.00 to $272.00 in a research report on Tuesday, June 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $267.92.

ULTA stock opened at $277.46 on Wednesday. The stock has a market capitalization of $16.78 billion, a P/E ratio of 34.00, a PEG ratio of 1.39 and a beta of 0.72. Ulta Beauty Inc has a 1-year low of $187.96 and a 1-year high of $290.30.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 30th. The specialty retailer reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.05. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. Ulta Beauty had a return on equity of 33.29% and a net margin of 9.91%. research analysts anticipate that Ulta Beauty Inc will post 10.84 EPS for the current fiscal year.

In related news, Director Dennis K. Eck sold 35,000 shares of Ulta Beauty stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $287.15, for a total value of $10,050,250.00. Following the completion of the sale, the director now directly owns 361,294 shares in the company, valued at $103,745,572.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Catherine Ann Halligan sold 129 shares of Ulta Beauty stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $281.50, for a total value of $36,313.50. Following the completion of the sale, the director now owns 3,628 shares of the company’s stock, valued at $1,021,282. The disclosure for this sale can be found here. Insiders sold 68,407 shares of company stock valued at $19,580,698 over the last 90 days. 5.60% of the stock is currently owned by corporate insiders.

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.

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

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