CIBC Asset Management Inc lowered its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,323 shares of the specialty retailer’s stock after selling 18 shares during the period. CIBC Asset Management Inc’s holdings in Ulta Beauty were worth $2,966,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its position in Ulta Beauty by 11.2% in the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock worth $114,000 after buying an additional 40 shares during the period. Crestwood Advisors Group LLC bought a new position in Ulta Beauty during the first quarter worth approximately $120,000. FNY Partners Fund LP bought a new position in Ulta Beauty during the first quarter worth approximately $142,000. NEXT Financial Group Inc boosted its position in Ulta Beauty by 18.0% in the first quarter. NEXT Financial Group Inc now owns 565 shares of the specialty retailer’s stock worth $159,000 after buying an additional 86 shares during the period. Finally, Copper Rock Capital Partners LLC boosted its position in Ulta Beauty by 316.8% in the second quarter. Copper Rock Capital Partners LLC now owns 842 shares of the specialty retailer’s stock worth $215,000 after buying an additional 640 shares during the period. 85.55% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Inc. (NASDAQ:ULTA) opened at 250.20 on Monday. Ulta Beauty Inc. has a 1-year low of $225.13 and a 1-year high of $314.86. The company has a 50-day moving average price of $272.51 and a 200-day moving average price of $280.75. The firm has a market cap of $15.52 billion, a P/E ratio of 35.14 and a beta of 0.57.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, May 25th. The specialty retailer reported $1.91 EPS for the quarter, topping the consensus estimate of $1.79 by $0.12. Ulta Beauty had a return on equity of 28.91% and a net margin of 8.75%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the company earned $1.45 EPS. The firm’s revenue was up 22.4% compared to the same quarter last year. On average, equities research analysts forecast that Ulta Beauty Inc. will post $8.32 EPS for the current fiscal year.

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A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $336.00 price objective for the company in a research report on Wednesday, May 10th. BMO Capital Markets reaffirmed an “outperform” rating and set a $345.00 price objective on shares of Ulta Beauty in a research report on Thursday, July 27th. Jefferies Group LLC set a $266.00 price objective on shares of Ulta Beauty and gave the stock a “hold” rating in a research report on Wednesday, May 31st. BidaskClub cut shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating and set a $330.00 price objective (up from $270.00) on shares of Ulta Beauty in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $322.21.

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