Provident Investment Management Inc. lowered its holdings in Ulta Beauty Inc (NASDAQ:ULTA) by 62.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,297 shares of the specialty retailer’s stock after selling 2,161 shares during the period. Provident Investment Management Inc.’s holdings in Ulta Beauty were worth $450,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Legacy Advisors LLC bought a new stake in Ulta Beauty in the 2nd quarter valued at about $26,000. Motco bought a new stake in shares of Ulta Beauty during the 1st quarter worth approximately $29,000. Next Capital Management LLC lifted its holdings in shares of Ulta Beauty by 206.7% during the 2nd quarter. Next Capital Management LLC now owns 92 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 62 shares during the period. NEXT Financial Group Inc lifted its holdings in shares of Ulta Beauty by 42.0% during the 2nd quarter. NEXT Financial Group Inc now owns 98 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 29 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Ulta Beauty during the 2nd quarter worth approximately $34,000. 88.92% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:ULTA traded down $4.77 on Tuesday, hitting $325.45. The company had a trading volume of 47,005 shares, compared to its average volume of 725,513. The stock has a market capitalization of $19.30 billion, a price-to-earnings ratio of 30.01, a PEG ratio of 1.37 and a beta of 0.96. The company has a current ratio of 1.93, a quick ratio of 0.74 and a debt-to-equity ratio of 0.85. The firm has a 50 day moving average of $343.23 and a two-hundred day moving average of $337.53. Ulta Beauty Inc has a 52 week low of $224.43 and a 52 week high of $368.83.
In other Ulta Beauty news, Director Catherine Ann Halligan sold 400 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $343.02, for a total value of $137,208.00. Following the completion of the transaction, the director now directly owns 2,811 shares in the company, valued at approximately $964,229.22. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lorna Nagler sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $354.03, for a total transaction of $708,060.00. Following the completion of the transaction, the director now owns 8,368 shares of the company’s stock, valued at $2,962,523.04. The disclosure for this sale can be found here. In the last three months, insiders sold 2,715 shares of company stock valued at $958,441. 4.20% of the stock is owned by insiders.
A number of analysts have recently weighed in on ULTA shares. ValuEngine downgraded shares of Ulta Beauty from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $384.00 price target for the company in a report on Monday, May 20th. Morgan Stanley upped their price target on shares of Ulta Beauty from $375.00 to $395.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. BidaskClub downgraded shares of Ulta Beauty from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Finally, Piper Jaffray Companies set a $360.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a report on Friday, May 31st. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $354.50.
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.
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