PGGM Investments Has $1.30 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

PGGM Investments lessened its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 12.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,373 shares of the specialty retailer’s stock after selling 496 shares during the quarter. PGGM Investments’ holdings in Ulta Beauty were worth $1,302,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Vima LLC bought a new position in Ulta Beauty in the fourth quarter valued at $27,000. Riverview Trust Co acquired a new position in shares of Ulta Beauty during the 1st quarter worth about $30,000. Sound Income Strategies LLC grew its holdings in shares of Ulta Beauty by 490.0% in the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 49 shares in the last quarter. LRI Investments LLC bought a new position in shares of Ulta Beauty in the 1st quarter valued at about $31,000. Finally, Manchester Capital Management LLC increased its position in shares of Ulta Beauty by 41.2% in the fourth quarter. Manchester Capital Management LLC now owns 72 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 21 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

ULTA has been the subject of a number of analyst reports. Oppenheimer decreased their price target on Ulta Beauty from $475.00 to $450.00 and set an “outperform” rating for the company in a research note on Monday, July 15th. Canaccord Genuity Group decreased their target price on shares of Ulta Beauty from $575.00 to $522.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th. Stifel Nicolaus dropped their price target on shares of Ulta Beauty from $565.00 to $475.00 and set a “hold” rating on the stock in a research report on Tuesday, May 14th. Citigroup cut their price target on shares of Ulta Beauty from $485.00 to $400.00 and set a “neutral” rating for the company in a research note on Friday, May 24th. Finally, Wells Fargo & Company lowered their price objective on shares of Ulta Beauty from $350.00 to $325.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $494.83.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock traded down $2.51 on Wednesday, hitting $329.05. The stock had a trading volume of 765,883 shares, compared to its average volume of 823,399. The stock has a 50 day moving average of $375.71 and a 200 day moving average of $437.18. The firm has a market capitalization of $15.70 billion, a P/E ratio of 12.83, a PEG ratio of 1.49 and a beta of 1.37. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.19 by $0.28. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The company’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $6.88 EPS. Equities analysts expect that Ulta Beauty, Inc. will post 25.65 earnings per share for the current 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.