Candriam Luxembourg S.C.A. decreased its position in Ulta Beauty Inc (NASDAQ:ULTA) by 32.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,569 shares of the specialty retailer’s stock after selling 1,246 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Ulta Beauty were worth $523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in ULTA. CWM LLC increased its stake in Ulta Beauty by 58.9% in the 1st quarter. CWM LLC now owns 151 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 56 shares during the last quarter. Bray Capital Advisors bought a new stake in Ulta Beauty in the 1st quarter worth approximately $31,000. Harbor Investment Advisory LLC increased its stake in Ulta Beauty by 60.4% in the 1st quarter. Harbor Investment Advisory LLC now owns 178 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 67 shares during the last quarter. First Horizon Advisors Inc. increased its stake in Ulta Beauty by 28.0% in the 1st quarter. First Horizon Advisors Inc. now owns 224 shares of the specialty retailer’s stock worth $39,000 after acquiring an additional 49 shares during the last quarter. Finally, Column Capital Advisors LLC increased its stake in Ulta Beauty by 287.3% in the 1st quarter. Column Capital Advisors LLC now owns 244 shares of the specialty retailer’s stock worth $43,000 after acquiring an additional 181 shares during the last quarter. 86.94% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Sally E. Blount acquired 250 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was purchased at an average cost of $193.00 per share, for a total transaction of $48,250.00. Following the purchase, the director now directly owns 1,239 shares of the company’s stock, valued at approximately $239,127. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Catherine Ann Halligan sold 500 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $256.55, for a total value of $128,275.00. Following the sale, the director now owns 2,750 shares of the company’s stock, valued at $705,512.50. The disclosure for this sale can be found here. 4.70% of the stock is currently owned by corporate insiders.

A number of analysts have issued reports on the company. Deutsche Bank lifted their price objective on Ulta Beauty from $242.00 to $249.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Morgan Stanley lifted their price objective on Ulta Beauty from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Loop Capital boosted their target price on Ulta Beauty from $210.00 to $230.00 and gave the company a “hold” rating in a research report on Friday, May 29th. BidaskClub downgraded Ulta Beauty from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 23rd. Finally, Piper Sandler reissued a “buy” rating and set a $275.00 target price on shares of Ulta Beauty in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eighteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $258.41.

Shares of ULTA stock opened at $192.99 on Friday. Ulta Beauty Inc has a twelve month low of $124.05 and a twelve month high of $355.36. The stock has a market capitalization of $10.87 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 3.45 and a beta of 1.46. The stock has a fifty day simple moving average of $204.79 and a two-hundred day simple moving average of $227.07. The company has a current ratio of 2.49, a quick ratio of 1.27 and a debt-to-equity ratio of 1.45.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, May 28th. The specialty retailer reported ($1.39) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($2.00). Ulta Beauty had a return on equity of 24.36% and a net margin of 6.37%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the company posted $3.26 earnings per share. Ulta Beauty’s quarterly revenue was down 32.7% compared to the same quarter last year. Research analysts predict that Ulta Beauty Inc will post 4.65 EPS for the current fiscal year.

About Ulta Beauty

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.

Read More: Percentage Gainers

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

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