Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Optimal Asset Management Inc.

Optimal Asset Management Inc. lowered its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 59.7% during the first quarter, Holdings Channel.com reports. The firm owned 2,630 shares of the specialty retailer’s stock after selling 3,900 shares during the quarter. Optimal Asset Management Inc.’s holdings in Ulta Beauty were worth $813,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Institute for Wealth Management LLC. raised its position in Ulta Beauty by 3.2% in the 1st quarter. Institute for Wealth Management LLC. now owns 1,079 shares of the specialty retailer’s stock valued at $334,000 after purchasing an additional 33 shares in the last quarter. Whittier Trust Co. raised its position in Ulta Beauty by 38.6% in the 1st quarter. Whittier Trust Co. now owns 140 shares of the specialty retailer’s stock valued at $43,000 after purchasing an additional 39 shares in the last quarter. CIBC World Markets Inc. raised its position in Ulta Beauty by 0.6% in the 1st quarter. CIBC World Markets Inc. now owns 6,447 shares of the specialty retailer’s stock valued at $1,993,000 after purchasing an additional 39 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Ulta Beauty by 18.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 281 shares of the specialty retailer’s stock valued at $81,000 after purchasing an additional 44 shares in the last quarter. Finally, Raymond James Trust N.A. raised its position in shares of Ulta Beauty by 1.7% during the 1st quarter. Raymond James Trust N.A. now owns 2,883 shares of the specialty retailer’s stock worth $891,000 after acquiring an additional 47 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors.

In related news, insider Jeffrey J. Childs sold 4,863 shares of the business’s stock in a transaction dated Thursday, June 3rd. The stock was sold at an average price of $334.30, for a total value of $1,625,700.90. Following the transaction, the insider now owns 10,265 shares in the company, valued at $3,431,589.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director George R. Mrkonic, Jr. sold 595 shares of the business’s stock in a transaction dated Monday, June 21st. The stock was sold at an average price of $330.30, for a total value of $196,528.50. The disclosure for this sale can be found here. Insiders sold 87,121 shares of company stock valued at $28,410,069 in the last ninety days. Company insiders own 3.10% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Morgan Stanley raised their target price on Ulta Beauty from $330.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 1st. Stifel Nicolaus raised their price target on Ulta Beauty from $285.00 to $330.00 and gave the stock a “hold” rating in a research note on Friday, May 28th. Oppenheimer raised their price target on Ulta Beauty from $360.00 to $385.00 and gave the stock an “outperform” rating in a research note on Friday, May 28th. JPMorgan Chase & Co. raised their price target on Ulta Beauty from $357.00 to $379.00 and gave the stock an “overweight” rating in a research note on Thursday, May 27th. Finally, Raymond James upgraded Ulta Beauty from a “market perform” rating to an “outperform” rating and set a $395.00 price target on the stock in a research note on Tuesday, July 13th. Eight equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Ulta Beauty has an average rating of “Buy” and an average price target of $343.52.

ULTA stock opened at $341.65 on Thursday. The firm’s 50-day moving average price is $334.95. Ulta Beauty, Inc. has a 12-month low of $188.18 and a 12-month high of $356.31. The stock has a market capitalization of $18.71 billion, a P/E ratio of 39.77, a PEG ratio of 1.61 and a beta of 1.71.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Wednesday, May 26th. The specialty retailer reported $4.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $2.18. Ulta Beauty had a return on equity of 29.86% and a net margin of 7.01%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the business earned ($1.39) earnings per share. The company’s revenue was up 65.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Ulta Beauty, Inc. will post 12.17 EPS for the current year.

Ulta Beauty Profile

Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.

Read More: What is Cost of Goods Sold (COGS)?

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

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