Century Capital Management LLC Sells 2,228 Shares of Ulta Beauty Inc. (ULTA)
Century Capital Management LLC decreased its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 72.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 861 shares of the specialty retailer’s stock after selling 2,228 shares during the period. Century Capital Management LLC’s holdings in Ulta Beauty were worth $247,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Fifth Third Bancorp increased its position in shares of Ulta Beauty by 11.2% during the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 40 shares in the last quarter. FNY Partners Fund LP acquired a new position in shares of Ulta Beauty during the first quarter worth $142,000. NEXT Financial Group Inc increased its position in shares of Ulta Beauty by 18.0% during the first quarter. NEXT Financial Group Inc now owns 565 shares of the specialty retailer’s stock worth $159,000 after purchasing an additional 86 shares in the last quarter. EFG Asset Management Americas Corp. acquired a new position in shares of Ulta Beauty during the first quarter worth $221,000. Finally, M Holdings Securities Inc. acquired a new position in shares of Ulta Beauty during the first quarter worth $228,000. 88.01% of the stock is owned by institutional investors.
ULTA has been the topic of a number of recent analyst reports. Edward Jones downgraded Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. Buckingham Research downgraded Ulta Beauty from a “buy” rating to a “neutral” rating and upped their price target for the stock from $325.00 to $330.00 in a research report on Friday, May 26th. Zacks Investment Research raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $301.00 price target on the stock in a research report on Thursday, July 13th. Stifel Nicolaus reaffirmed a “hold” rating and set a $325.00 price target (up from $305.00) on shares of Ulta Beauty in a research report on Tuesday, June 6th. Finally, Morgan Stanley reduced their price target on Ulta Beauty from $313.00 to $245.00 and set an “equal weight” rating on the stock in a research report on Monday, August 28th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company. Ulta Beauty presently has an average rating of “Hold” and an average price target of $281.63.
In other Ulta Beauty news, Director Michael R. Macdonald acquired 2,000 shares of the stock in a transaction on Tuesday, August 29th. The shares were bought at an average cost of $208.37 per share, with a total value of $416,740.00. Following the transaction, the director now owns 6,224 shares of the company’s stock, valued at approximately $1,296,894.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.20% of the company’s stock.
Shares of Ulta Beauty Inc. (NASDAQ:ULTA) opened at 226.88 on Wednesday. The stock has a market capitalization of $13.94 billion, a price-to-earnings ratio of 30.20 and a beta of 0.57. The firm has a 50-day moving average of $238.10 and a 200 day moving average of $273.33. Ulta Beauty Inc. has a 12-month low of $204.01 and a 12-month high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.05. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm posted $1.43 EPS. Ulta Beauty’s revenue for the quarter was up 20.7% on a year-over-year basis. Equities analysts forecast that Ulta Beauty Inc. will post $8.38 earnings per share for the current fiscal year.
Ulta Beauty Profile
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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