Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Bank of New Hampshire

Bank of New Hampshire decreased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 94.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 178 shares of the specialty retailer’s stock after selling 2,905 shares during the quarter. Bank of New Hampshire’s holdings in Ulta Beauty were worth $69,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. 1832 Asset Management L.P. boosted its position in shares of Ulta Beauty by 120.2% during the fourth quarter. 1832 Asset Management L.P. now owns 14,448 shares of the specialty retailer’s stock worth $7,079,000 after buying an additional 7,887 shares during the period. Duality Advisers LP boosted its holdings in Ulta Beauty by 92.8% in the first quarter. Duality Advisers LP now owns 7,278 shares of the specialty retailer’s stock valued at $3,806,000 after purchasing an additional 3,504 shares during the period. Sequoia Financial Advisors LLC purchased a new position in Ulta Beauty in the fourth quarter valued at $1,810,000. Illinois Municipal Retirement Fund boosted its holdings in Ulta Beauty by 6.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 27,037 shares of the specialty retailer’s stock valued at $13,248,000 after purchasing an additional 1,662 shares during the period. Finally, Warther Private Wealth LLC acquired a new position in Ulta Beauty in the 4th quarter valued at about $6,023,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Stock Down 2.6 %

ULTA stock traded down $8.94 during midday trading on Friday, reaching $341.01. The company had a trading volume of 959,256 shares, compared to its average volume of 863,921. The stock has a 50 day moving average price of $385.37 and a 200 day moving average price of $445.84. Ulta Beauty, Inc. has a fifty-two week low of $338.11 and a fifty-two week high of $574.76. The firm has a market capitalization of $16.27 billion, a PE ratio of 13.30, a P/E/G ratio of 1.58 and a beta of 1.37.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share for the quarter, beating analysts’ consensus estimates of $6.19 by $0.28. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter in the previous year, the company posted $6.88 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. Research analysts predict that Ulta Beauty, Inc. will post 25.66 EPS for the current year.

Insider Buying and Selling at Ulta Beauty

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

Analyst Ratings Changes

Several research firms have issued reports on ULTA. Robert W. Baird dropped their target price on Ulta Beauty from $625.00 to $525.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 29th. TD Cowen dropped their target price on Ulta Beauty from $520.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Canaccord Genuity Group dropped their target price on Ulta Beauty from $575.00 to $522.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. Piper Sandler cut Ulta Beauty from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $494.00 to $404.00 in a research report on Wednesday, July 24th. Finally, Stifel Nicolaus decreased their price target on Ulta Beauty from $565.00 to $475.00 and set a “hold” rating on the stock in a research note on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $497.61.

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.