Ulta Beauty Inc (ULTA) Stake Lowered by Amalgamated Bank

Amalgamated Bank trimmed its holdings in Ulta Beauty Inc (NASDAQ:ULTA) by 3.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,399 shares of the specialty retailer’s stock after selling 270 shares during the quarter. Amalgamated Bank’s holdings in Ulta Beauty were worth $2,056,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its stake in shares of Ulta Beauty by 20.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 35,216 shares of the specialty retailer’s stock worth $8,622,000 after purchasing an additional 5,880 shares during the period. Reliant Investment Management LLC purchased a new stake in Ulta Beauty in the 4th quarter worth approximately $2,862,000. First Allied Advisory Services Inc. increased its holdings in Ulta Beauty by 173.9% in the 4th quarter. First Allied Advisory Services Inc. now owns 2,503 shares of the specialty retailer’s stock worth $597,000 after acquiring an additional 1,589 shares in the last quarter. National Pension Service increased its holdings in Ulta Beauty by 4.7% in the 4th quarter. National Pension Service now owns 73,049 shares of the specialty retailer’s stock worth $22,280,000 after acquiring an additional 3,274 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Ulta Beauty by 9.4% in the 4th quarter. Legal & General Group Plc now owns 298,258 shares of the specialty retailer’s stock worth $72,981,000 after acquiring an additional 25,721 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

In related news, Director Charles Heilbronn sold 161,890 shares of Ulta Beauty stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $335.01, for a total transaction of $54,234,768.90. Following the completion of the sale, the director now owns 59,923 shares of the company’s stock, valued at $20,074,804.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Catherine Ann Halligan sold 704 shares of Ulta Beauty stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $342.97, for a total value of $241,450.88. Following the sale, the director now directly owns 10,423 shares of the company’s stock, valued at approximately $3,574,776.31. The disclosure for this sale can be found here. Insiders have sold 426,250 shares of company stock worth $143,394,373 in the last 90 days. Insiders own 5.60% of the company’s stock.

A number of equities research analysts have issued reports on ULTA shares. Wells Fargo & Co cut their price objective on shares of Ulta Beauty from $328.00 to $280.00 and set an “outperform” rating for the company in a report on Wednesday, January 2nd. BidaskClub raised shares of Ulta Beauty from a “hold” rating to a “buy” rating in a report on Wednesday, January 9th. ValuEngine raised shares of Ulta Beauty from a “hold” rating to a “buy” rating in a report on Tuesday, January 22nd. Nomura reissued a “neutral” rating and issued a $311.00 target price (up from $305.00) on shares of Ulta Beauty in a report on Tuesday, February 19th. They noted that the move was a valuation call. Finally, Loop Capital raised their target price on shares of Ulta Beauty from $265.00 to $300.00 and gave the company a “hold” rating in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Ulta Beauty presently has an average rating of “Buy” and a consensus target price of $335.30.

Shares of Ulta Beauty stock traded down $3.45 during trading on Friday, hitting $350.88. 568,164 shares of the stock traded hands, compared to its average volume of 605,615. Ulta Beauty Inc has a 52-week low of $224.43 and a 52-week high of $359.69. The firm has a market cap of $20.63 billion, a P/E ratio of 32.34, a P/E/G ratio of 1.49 and a beta of 1.02.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, March 14th. The specialty retailer reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.56 by $0.05. Ulta Beauty had a return on equity of 36.09% and a net margin of 9.80%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the previous year, the firm earned $2.75 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, research analysts forecast that Ulta Beauty Inc will post 12.78 earnings per share for the current year.

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About Ulta Beauty

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

Read More: Cost of Capital Explained

Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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