American International Group Inc. decreased its stake in Ulta Beauty Inc (NASDAQ:ULTA) by 0.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 26,033 shares of the specialty retailer’s stock after selling 208 shares during the period. American International Group Inc.’s holdings in Ulta Beauty were worth $9,078,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. FMR LLC boosted its holdings in shares of Ulta Beauty by 52.6% in the 4th quarter. FMR LLC now owns 1,961,393 shares of the specialty retailer’s stock valued at $480,228,000 after buying an additional 675,832 shares in the last quarter. Geode Capital Management LLC boosted its stake in Ulta Beauty by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 838,542 shares of the specialty retailer’s stock worth $204,993,000 after purchasing an additional 62,309 shares during the period. Two Sigma Advisers LP boosted its stake in Ulta Beauty by 189.8% during the 4th quarter. Two Sigma Advisers LP now owns 784,145 shares of the specialty retailer’s stock worth $191,990,000 after purchasing an additional 513,582 shares during the period. Northern Trust Corp boosted its stake in Ulta Beauty by 3.9% during the 4th quarter. Northern Trust Corp now owns 662,037 shares of the specialty retailer’s stock worth $162,092,000 after purchasing an additional 25,150 shares during the period. Finally, Norges Bank acquired a new stake in Ulta Beauty during the 4th quarter worth $125,214,000. Institutional investors and hedge funds own 92.55% of the company’s stock.

A number of analysts recently weighed in on ULTA shares. ValuEngine upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating in a research note on Tuesday, January 22nd. Jefferies Financial Group increased their price target on shares of Ulta Beauty from $335.00 to $357.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. UBS Group increased their price target on shares of Ulta Beauty from $310.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, March 11th. BidaskClub cut shares of Ulta Beauty from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, Zacks Investment Research upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $388.00 price target for the company in a research note on Thursday, May 9th. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Ulta Beauty currently has a consensus rating of “Buy” and a consensus price target of $343.29.

Shares of Ulta Beauty stock opened at $347.89 on Tuesday. The firm has a market cap of $20.12 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 1.46 and a beta of 0.99. Ulta Beauty Inc has a one year low of $224.43 and a one year high of $359.69.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $3.61 EPS for the quarter, topping the Zacks’ consensus estimate of $3.56 by $0.05. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.11 billion. Ulta Beauty had a net margin of 9.80% and a return on equity of 36.09%. Ulta Beauty’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.75 EPS. As a group, sell-side analysts expect that Ulta Beauty Inc will post 12.79 earnings per share for the current year.

In other Ulta Beauty news, CEO Mary N. Dillon sold 120,949 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $334.42, for a total transaction of $40,447,764.58. Following the completion of the transaction, the chief executive officer now owns 87,712 shares in the company, valued at approximately $29,332,647.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dennis K. Eck sold 10,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $352.83, for a total transaction of $3,528,300.00. Following the transaction, the director now owns 220,000 shares of the company’s stock, valued at approximately $77,622,600. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 426,250 shares of company stock valued at $143,394,373. 5.60% of the stock is owned by insiders.

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Ulta Beauty Profile

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

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

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