Securian Asset Management Inc. Has $1.04 Million Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Securian Asset Management Inc. decreased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 6.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,691 shares of the specialty retailer’s stock after selling 200 shares during the quarter. Securian Asset Management Inc.’s holdings in Ulta Beauty were worth $1,038,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TD Asset Management Inc boosted its holdings in Ulta Beauty by 33.6% in the first quarter. TD Asset Management Inc now owns 544,072 shares of the specialty retailer’s stock valued at $284,484,000 after acquiring an additional 136,725 shares during the last quarter. Norges Bank bought a new position in Ulta Beauty during the 4th quarter valued at $263,192,000. Boston Partners lifted its stake in Ulta Beauty by 47.7% during the 1st quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock valued at $246,862,000 after acquiring an additional 153,727 shares in the last quarter. Bessemer Group Inc. lifted its stake in Ulta Beauty by 1.2% during the 1st quarter. Bessemer Group Inc. now owns 357,503 shares of the specialty retailer’s stock valued at $186,933,000 after acquiring an additional 4,344 shares in the last quarter. Finally, Global Assets Advisory LLC bought a new stake in shares of Ulta Beauty during the 1st quarter worth $176,753,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ULTA. Canaccord Genuity Group lowered their price objective on Ulta Beauty from $575.00 to $522.00 and set a “buy” rating on the stock in a research note on Wednesday, May 29th. Bank of America cut their target price on Ulta Beauty from $575.00 to $425.00 and set a “neutral” rating for the company in a research note on Tuesday, May 28th. Jefferies Financial Group cut their target price on Ulta Beauty from $438.00 to $412.00 and set a “hold” rating for the company in a research note on Friday, May 24th. TD Cowen lowered their price objective on Ulta Beauty from $520.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Finally, Citigroup decreased their target price on Ulta Beauty from $485.00 to $400.00 and set a “neutral” rating for the company in a report on Friday, May 24th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $494.83.

Ulta Beauty Trading Down 1.0 %

ULTA stock traded down $3.09 on Monday, hitting $319.08. 529,059 shares of the company’s stock traded hands, compared to its average volume of 819,371. Ulta Beauty, Inc. has a 1-year low of $318.78 and a 1-year high of $574.76. The stock has a market cap of $15.23 billion, a price-to-earnings ratio of 12.53, a P/E/G ratio of 1.51 and a beta of 1.37. The stock has a fifty day moving average of $379.42 and a 200-day moving average of $440.30.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.19 by $0.28. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.72 billion. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.88 earnings per share. On average, equities research analysts anticipate that Ulta Beauty, Inc. will post 25.65 earnings per share for the current fiscal year.

Insider Transactions at Ulta Beauty

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

Ulta Beauty Company 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.