S Bank Fund Management Ltd Sells 1,488 Shares of Ulta Beauty Inc. $ULTA

Key Points

• S Bank Fund Management Ltd sold 1,488 shares of Ulta Beauty Inc., reducing its stake by 10.6%, and now holds a total of 12,501 shares valued at $5,848,000.
• Institutional investors own 90.39% of Ulta Beauty's stock, with various funds increasing or establishing positions in the specialty retailer during the second quarter.
• Equities analysts have boosted their price targets for Ulta Beauty, with a consensus target of $549.33, reflecting a generally positive outlook amidst some varied ratings.

S Bank Fund Management Ltd decreased its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 10.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,501 shares of the specialty retailer's stock after selling 1,488 shares during the quarter. S Bank Fund Management Ltd's holdings in Ulta Beauty were worth $5,848,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Werba Rubin Papier Wealth Management bought a new position in shares of Ulta Beauty during the second quarter worth $204,000. Alta Capital Management LLC lifted its position in Ulta Beauty by 4.5% during the second quarter. Alta Capital Management LLC now owns 768 shares of the specialty retailer's stock valued at $359,000 after purchasing an additional 33 shares during the last quarter. New York State Teachers Retirement System lifted its position in Ulta Beauty by 14.3% during the second quarter. New York State Teachers Retirement System now owns 46,070 shares of the specialty retailer's stock valued at $21,552,000 after purchasing an additional 5,768 shares during the last quarter. IFG Advisors LLC bought a new position in Ulta Beauty during the second quarter valued at $234,000. Finally, Mutual Advisors LLC bought a new position in Ulta Beauty during the second quarter valued at $350,000. Institutional investors own 90.39% of the company's stock.

Insiders Place Their Bets

In related news, Director Mike C. Smith sold 500 shares of Ulta Beauty stock in a transaction dated Thursday, September 4th. The shares were 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 in the company, valued at $1,195,837.09. This trade represents a 18.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on ULTA shares. Bank of America increased their price objective on shares of Ulta Beauty from $500.00 to $575.00 and gave the company a "neutral" rating in a research report on Friday, August 29th. Canaccord Genuity Group increased their price objective on shares of Ulta Beauty from $650.00 to $653.00 and gave the company a "buy" rating in a research report on Friday, October 10th. JPMorgan Chase & Co. increased their price objective on shares of Ulta Beauty from $525.00 to $600.00 and gave the company an "overweight" rating in a research report on Friday, August 22nd. Wells Fargo & Company reiterated an "underweight" rating on shares of Ulta Beauty in a research report on Thursday. Finally, UBS Group increased their price objective on shares of Ulta Beauty from $640.00 to $680.00 and gave the company a "buy" rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Ulta Beauty has an average rating of "Moderate Buy" and a consensus price target of $549.33.

Ulta Beauty Price Performance

Shares of ULTA opened at $538.49 on Thursday. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $572.23. The company has a 50-day moving average of $529.84 and a 200 day moving average of $467.51. The firm has a market capitalization of $24.15 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 2.98 and a beta of 1.08.

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

Ulta Beauty 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.

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