Sumitomo Mitsui Asset Management Company LTD lowered its position in Ulta Beauty Inc (NASDAQ:ULTA) by 8.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,940 shares of the specialty retailer’s stock after selling 1,503 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Ulta Beauty were worth $4,496,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Huntington National Bank grew its position in shares of Ulta Beauty by 120.0% in the 2nd quarter. Huntington National Bank now owns 440 shares of the specialty retailer’s stock worth $103,000 after buying an additional 240 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Ulta Beauty in the 2nd quarter worth approximately $151,000. Dupont Capital Management Corp purchased a new position in shares of Ulta Beauty in the 2nd quarter worth approximately $162,000. Bridgewater Associates LP purchased a new position in shares of Ulta Beauty in the 2nd quarter worth approximately $201,000. Finally, Capital One National Association purchased a new position in shares of Ulta Beauty in the 2nd quarter worth approximately $205,000. 90.71% of the stock is currently owned by hedge funds and other institutional investors.

ULTA stock opened at $273.44 on Friday. The company has a market capitalization of $16.86 billion, a P/E ratio of 34.40, a P/E/G ratio of 1.40 and a beta of 0.64. Ulta Beauty Inc has a 52 week low of $191.70 and a 52 week high of $290.30.

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

In other Ulta Beauty news, Director Lorna Nagler sold 2,000 shares of Ulta Beauty stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $276.19, for a total transaction of $552,380.00. Following the completion of the sale, the director now directly owns 7,923 shares in the company, valued at approximately $2,188,253.37. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Catherine Ann Halligan sold 129 shares of Ulta Beauty stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $281.50, for a total transaction of $36,313.50. Following 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. Over the last 90 days, insiders have sold 68,407 shares of company stock valued at $19,580,698. Company insiders own 5.60% of the company’s stock.

A number of research analysts have recently issued reports on ULTA shares. Zacks Investment Research downgraded shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. BidaskClub raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Loop Capital reaffirmed a “hold” rating and issued a $280.00 price objective (up previously from $250.00) on shares of Ulta Beauty in a research report on Thursday, September 13th. Stifel Nicolaus cut their price objective on shares of Ulta Beauty from $245.00 to $235.00 and set a “hold” rating on the stock in a research report on Friday, August 31st. Finally, Wells Fargo & Co set a $278.00 price objective on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, August 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $270.16.

About Ulta Beauty

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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