Chevy Chase Trust Holdings Inc. Cuts Stake in Ulta Beauty Inc. (ULTA)

Chevy Chase Trust Holdings Inc. decreased its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 0.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 51,209 shares of the specialty retailer’s stock after selling 196 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.08% of Ulta Beauty worth $14,714,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Fifth Third Bancorp boosted its stake in Ulta Beauty by 11.2% in the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock worth $114,000 after buying an additional 40 shares in the last quarter. Crestwood Advisors Group LLC bought a new stake in Ulta Beauty during the first quarter worth about $120,000. FNY Partners Fund LP bought a new stake in Ulta Beauty during the first quarter worth about $142,000. NEXT Financial Group Inc boosted its stake in Ulta Beauty by 18.0% in the first quarter. NEXT Financial Group Inc now owns 565 shares of the specialty retailer’s stock worth $159,000 after buying an additional 86 shares in the last quarter. Finally, Copper Rock Capital Partners LLC boosted its stake in Ulta Beauty by 316.8% in the second quarter. Copper Rock Capital Partners LLC now owns 842 shares of the specialty retailer’s stock worth $215,000 after buying an additional 640 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ulta Beauty Inc. (NASDAQ:ULTA) traded up 1.69% during trading on Friday, hitting $251.05. The stock had a trading volume of 385,936 shares. The stock’s 50-day moving average price is $263.04 and its 200-day moving average price is $279.65. Ulta Beauty Inc. has a one year low of $225.13 and a one year high of $314.86. The company has a market cap of $15.57 billion, a P/E ratio of 35.25 and a beta of 0.57.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.12. Ulta Beauty had a return on equity of 28.91% and a net margin of 8.75%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the firm earned $1.45 earnings per share. The company’s revenue for the quarter was up 22.4% compared to the same quarter last year. On average, equities research analysts forecast that Ulta Beauty Inc. will post $8.32 EPS for the current fiscal year.

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A number of equities research analysts recently issued reports on the stock. Buckingham Research cut shares of Ulta Beauty from a “buy” rating to a “neutral” rating and lifted their price target for the company from $325.00 to $330.00 in a research note on Friday, May 26th. Piper Jaffray Companies set a $333.00 price target on Ulta Beauty and gave the stock a “buy” rating in a report on Saturday, May 27th. Royal Bank Of Canada set a $310.00 price target on Ulta Beauty and gave the stock a “hold” rating in a report on Sunday, May 28th. Robert W. Baird set a $325.00 price target on Ulta Beauty and gave the stock an “outperform” rating in a report on Thursday, May 25th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $360.00 price target (up previously from $320.00) on shares of Ulta Beauty in a report on Friday, May 26th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $319.05.

In other Ulta Beauty news, Director Robert F. Diromualdo sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $309.05, for a total transaction of $6,181,000.00. Following the completion of the sale, the director now owns 4,717 shares in the company, valued at approximately $1,457,788.85. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Catherine Ann Halligan sold 500 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $312.36, for a total value of $156,180.00. Following the sale, the director now owns 4,126 shares of the company’s stock, valued at approximately $1,288,797.36. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by company insiders.

About Ulta Beauty

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.

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

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