Bank of New Hampshire Has $69,000 Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Bank of New Hampshire lessened its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 94.2% during the second quarter, Holdings Channel reports. 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 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in Ulta Beauty during the fourth quarter worth $263,192,000. Global Assets Advisory LLC acquired a new position in Ulta Beauty during the first quarter worth $176,753,000. International Assets Investment Management LLC raised its holdings in Ulta Beauty by 45,740.3% during the fourth quarter. International Assets Investment Management LLC now owns 291,544 shares of the specialty retailer’s stock worth $142,854,000 after buying an additional 290,908 shares during the last quarter. TD Asset Management Inc raised its holdings in Ulta Beauty by 177.8% during the fourth quarter. TD Asset Management Inc now owns 407,347 shares of the specialty retailer’s stock worth $199,596,000 after buying an additional 260,740 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in Ulta Beauty by 210.4% during the first quarter. Los Angeles Capital Management LLC now owns 271,550 shares of the specialty retailer’s stock worth $141,988,000 after buying an additional 184,060 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Transactions at Ulta Beauty

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

Analysts Set New Price Targets

Several research firms have weighed in on ULTA. Jefferies Financial Group lowered their price objective on shares of Ulta Beauty from $438.00 to $412.00 and set a “hold” rating on the stock in a report on Friday, May 24th. Robert W. Baird reduced their target price on shares of Ulta Beauty from $625.00 to $525.00 and set an “outperform” rating for the company in a research note on Wednesday, May 29th. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Piper Sandler lowered shares of Ulta Beauty from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $494.00 to $404.00 in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company reduced their target price on shares of Ulta Beauty from $350.00 to $325.00 and set an “underweight” rating for the company in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Ulta Beauty currently has an average rating of “Moderate Buy” and a consensus price target of $497.61.

Ulta Beauty Price Performance

NASDAQ:ULTA traded down $8.94 on Friday, reaching $341.01. 959,256 shares of the company’s stock were exchanged, compared to its average volume of 863,921. Ulta Beauty, Inc. has a 52 week low of $338.11 and a 52 week high of $574.76. The firm has a market cap of $16.27 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 1.58 and a beta of 1.37. The stock has a fifty day simple moving average of $385.37 and a 200-day simple moving average of $445.84.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.19 by $0.28. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the prior year, the firm posted $6.88 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, sell-side analysts predict that Ulta Beauty, Inc. will post 25.66 EPS for the current 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.