DekaBank Deutsche Girozentrale Sells 5,238 Shares of Ulta Beauty Inc. $ULTA

Key Points

• DekaBank Deutsche Girozentrale reduced its stake in Ulta Beauty by 2.4%, selling 5,238 shares, leaving the bank with 209,415 shares valued at approximately $95.8 million.
• Ulta Beauty reported $5.78 earnings per share for its latest quarter, exceeding analysts' estimates by $0.75 and achieving a revenue of $2.79 billion.
• Analysts have varying views on the stock, with price targets ranging from $450 to $680, and an average "Moderate Buy" rating based on 13 Buy ratings and 1 Sell rating.

DekaBank Deutsche Girozentrale cut its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 209,415 shares of the specialty retailer's stock after selling 5,238 shares during the period. DekaBank Deutsche Girozentrale owned 0.47% of Ulta Beauty worth $95,825,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ULTA. GAMMA Investing LLC increased its position in shares of Ulta Beauty by 6.0% during the first quarter. GAMMA Investing LLC now owns 1,210 shares of the specialty retailer's stock valued at $444,000 after buying an additional 69 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Ulta Beauty by 110.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,926 shares of the specialty retailer's stock valued at $3,638,000 after buying an additional 5,207 shares during the period. Blue Trust Inc. increased its position in shares of Ulta Beauty by 49.5% during the first quarter. Blue Trust Inc. now owns 148 shares of the specialty retailer's stock valued at $54,000 after buying an additional 49 shares during the period. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Ulta Beauty during the first quarter valued at about $493,000. Finally, Stiles Financial Services Inc increased its position in shares of Ulta Beauty by 72.4% during the first quarter. Stiles Financial Services Inc now owns 817 shares of the specialty retailer's stock valued at $299,000 after buying an additional 343 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA opened at $523.72 on Tuesday. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $572.23. The firm's 50 day simple moving average is $531.67 and its two-hundred day simple moving average is $472.27. The stock has a market capitalization of $23.48 billion, a P/E ratio of 20.08, a PEG ratio of 2.94 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share for the quarter, beating analysts' consensus estimates of $5.03 by $0.75. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.66 billion. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.30 earnings per share. As a group, equities analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on ULTA. Raymond James Financial restated an "outperform" rating and issued a $605.00 price objective (up from $580.00) on shares of Ulta Beauty in a research report on Friday, August 29th. Wells Fargo & Company upped their price objective on shares of Ulta Beauty from $425.00 to $450.00 and gave the stock an "underweight" rating in a research report on Thursday. Robert W. Baird upped their price objective on shares of Ulta Beauty from $575.00 to $600.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Canaccord Genuity Group upped their price objective on shares of Ulta Beauty from $650.00 to $653.00 and gave the stock a "buy" rating in a research report on Friday, October 10th. Finally, UBS Group upped their price objective on shares of Ulta Beauty from $640.00 to $680.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $550.38.

Insider Buying and Selling at Ulta Beauty

In other news, Director Mike C. Smith sold 500 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $528.43, for a total transaction of $264,215.00. Following the completion of the sale, the director owned 2,263 shares of the company's stock, valued at approximately $1,195,837.09. This represents a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.17% of the company's stock.

About Ulta Beauty

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.

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