Dynamic Technology Lab Private Ltd Sells 4,123 Shares of Ulta Beauty Inc. $ULTA

Key Points

• Dynamic Technology Lab Private Ltd has significantly reduced its holdings in Ulta Beauty Inc. by selling 4,123 shares, representing an 81.9% decrease in their position during the first quarter.
• Despite the sale, several institutional investors, including UniSuper Management Pty Ltd and Shellback Capital LP, have increased their stake in Ulta Beauty, indicating ongoing institutional interest.
• After reporting better-than-expected quarterly earnings with $5.78 earnings per share, Ulta Beauty's stock is currently facing slight downward pressure, down 1.4% recently, with a consensus price target of $543.13 among analysts.

Dynamic Technology Lab Private Ltd trimmed its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 81.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 910 shares of the specialty retailer's stock after selling 4,123 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Ulta Beauty were worth $334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. UniSuper Management Pty Ltd boosted its holdings in shares of Ulta Beauty by 15.6% in the first quarter. UniSuper Management Pty Ltd now owns 6,591 shares of the specialty retailer's stock worth $2,416,000 after acquiring an additional 889 shares during the period. Shellback Capital LP boosted its holdings in shares of Ulta Beauty by 168.9% in the first quarter. Shellback Capital LP now owns 59,150 shares of the specialty retailer's stock worth $21,681,000 after acquiring an additional 37,150 shares during the period. Punch & Associates Investment Management Inc. boosted its holdings in shares of Ulta Beauty by 18.5% in the first quarter. Punch & Associates Investment Management Inc. now owns 31,559 shares of the specialty retailer's stock worth $11,568,000 after acquiring an additional 4,931 shares during the period. Permanens Capital L.P. boosted its holdings in shares of Ulta Beauty by 28.4% in the first quarter. Permanens Capital L.P. now owns 11,228 shares of the specialty retailer's stock worth $4,116,000 after acquiring an additional 2,485 shares during the period. Finally, Nippon Life Global Investors Americas Inc. bought a new position in shares of Ulta Beauty in the first quarter worth $663,000. 90.39% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the firm's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $528.43, for a total transaction of $264,215.00. Following the sale, the director owned 2,263 shares in the company, valued at $1,195,837.09. This trade represents a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.17% of the stock is owned by insiders.

Ulta Beauty Stock Down 1.4%

NASDAQ ULTA opened at $514.62 on Friday. The stock's 50-day simple moving average is $509.07 and its two-hundred day simple moving average is $437.35. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $539.00. The company has a market capitalization of $23.08 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 2.87 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results 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. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter last year, the business posted $5.30 earnings per share. The company's revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ULTA has been the subject of a number of analyst reports. UBS Group raised their price target on Ulta Beauty from $640.00 to $680.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Canaccord Genuity Group set a $650.00 price objective on Ulta Beauty in a research note on Friday, August 29th. Cowen reissued a "hold" rating on shares of Ulta Beauty in a research note on Friday, August 29th. Robert W. Baird lifted their price objective on Ulta Beauty from $575.00 to $600.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $610.00 price objective on shares of Ulta Beauty in a research note on Monday, September 8th. One 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 issued a Sell rating to the company's stock. According to data from MarketBeat, Ulta Beauty currently has a consensus rating of "Moderate Buy" and a consensus price target of $543.13.

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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