TIAA Trust National Association Sells 7,713 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

TIAA Trust National Association trimmed its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 23.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,717 shares of the specialty retailer’s stock after selling 7,713 shares during the quarter. TIAA Trust National Association’s holdings in Ulta Beauty were worth $13,447,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ULTA. TD Asset Management Inc increased its position in Ulta Beauty by 33.6% in the 1st quarter. TD Asset Management Inc now owns 544,072 shares of the specialty retailer’s stock valued at $284,484,000 after acquiring an additional 136,725 shares in the last quarter. Norges Bank bought a new position in Ulta Beauty in the 4th quarter worth approximately $263,192,000. Global Assets Advisory LLC acquired a new position in Ulta Beauty during the 1st quarter worth $176,753,000. International Assets Investment Management LLC lifted its holdings in Ulta Beauty by 45,740.3% during the 4th quarter. International Assets Investment Management LLC now owns 291,544 shares of the specialty retailer’s stock worth $142,854,000 after buying an additional 290,908 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Ulta Beauty by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 289,442 shares of the specialty retailer’s stock valued at $141,824,000 after buying an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insiders Place Their Bets

In other news, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the sale, the director now directly owns 2,017 shares in the company, valued at $786,791.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of Ulta Beauty stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total transaction of $39,008.00. Following the completion of the transaction, the director now directly owns 2,017 shares of the company’s stock, valued at $786,791.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jodi J. Caro sold 650 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total transaction of $252,642.00. Following the completion of the transaction, the insider now owns 6,801 shares in the company, valued at $2,643,412.68. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ULTA shares. Canaccord Genuity Group dropped their target price on Ulta Beauty from $575.00 to $522.00 and set a “buy” rating for the company in a research report on Wednesday, May 29th. JPMorgan Chase & Co. boosted their price objective on Ulta Beauty from $530.00 to $544.00 and gave the stock an “overweight” rating in a report on Friday, May 31st. Oppenheimer reduced their target price on shares of Ulta Beauty from $475.00 to $450.00 and set an “outperform” rating on the stock in a research note on Monday, July 15th. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Bank of America reduced their price objective on shares of Ulta Beauty from $575.00 to $425.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $502.61.

Ulta Beauty Stock Performance

NASDAQ ULTA traded down $2.20 during trading hours on Friday, reaching $390.92. 897,250 shares of the company’s stock were exchanged, compared to its average volume of 735,477. The company has a market capitalization of $18.65 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 1.81 and a beta of 1.37. The company’s 50-day moving average is $390.19 and its two-hundred day moving average is $453.62. Ulta Beauty, Inc. has a one year low of $368.02 and a one year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share for the quarter, beating the consensus estimate of $6.19 by $0.28. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter in the prior year, the company earned $6.88 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. Research analysts predict that Ulta Beauty, Inc. will post 25.7 earnings per share for the current fiscal year.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.