New Mexico Educational Retirement Board lowered its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 8.5% during the second quarter, Holdings Channel reports. The institutional investor owned 5,400 shares of the specialty retailer’s stock after selling 500 shares during the period. New Mexico Educational Retirement Board’s holdings in Ulta Beauty were worth $1,357,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. HL Financial Services LLC boosted its position in shares of Ulta Beauty by 1.1% in the second quarter. HL Financial Services LLC now owns 11,459 shares of the specialty retailer’s stock worth $3,293,000 after buying an additional 120 shares in the last quarter. Advisor Partners LLC purchased a new position in shares of Ulta Beauty during the second quarter worth $249,000. Pictet Asset Management Ltd. boosted its position in shares of Ulta Beauty by 114.1% in the second quarter. Pictet Asset Management Ltd. now owns 70,410 shares of the specialty retailer’s stock worth $21,464,000 after buying an additional 37,530 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Ulta Beauty by 8.6% in the second quarter. IFP Advisors Inc now owns 6,729 shares of the specialty retailer’s stock worth $1,934,000 after buying an additional 534 shares in the last quarter. Finally, Telemus Capital LLC purchased a new position in shares of Ulta Beauty during the second quarter worth $575,000. 85.63% of the stock is currently owned by institutional investors.

Shares of Ulta Beauty Inc. (NASDAQ ULTA) opened at 251.05 on Friday. Ulta Beauty Inc. has a 12 month low of $225.13 and a 12 month high of $314.86. The company has a market capitalization of $15.57 billion, a PE ratio of 35.25 and a beta of 0.57. The firm’s 50-day moving average is $262.09 and its 200 day moving average is $279.55.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.12. Ulta Beauty had a net margin of 8.75% and a return on equity of 28.91%. 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 posted $1.45 earnings per share. The firm’s quarterly revenue was up 22.4% compared to the same quarter last year. Equities research analysts predict that Ulta Beauty Inc. will post $8.32 EPS for the current year.

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A number of equities analysts have recently weighed in on the stock. Oppenheimer Holdings, Inc. cut shares of Ulta Beauty from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $330.00 to $270.00 in a research report on Tuesday, August 8th. Zacks Investment Research cut shares of Ulta Beauty from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. CIBC reissued a “market perform” rating on shares of Ulta Beauty in a research report on Monday, July 31st. Cowen and Company set a $336.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, July 31st. Finally, BMO Capital Markets reissued an “outperform” rating and set a $345.00 price target on shares of Ulta Beauty in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $319.05.

In related news, Director Catherine Ann Halligan sold 500 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $312.36, for a total transaction of $156,180.00. Following the completion of the sale, the director now owns 4,126 shares in the company, valued at $1,288,797.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $6,181,000.00. Following the sale, the director now owns 4,717 shares of the company’s stock, valued at approximately $1,457,788.85. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Ulta Beauty Company Profile

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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