Rainier Investment Management LLC Sells 9,590 Shares of Ulta Beauty Inc. (ULTA)

Rainier Investment Management LLC cut its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 48.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,320 shares of the specialty retailer’s stock after selling 9,590 shares during the period. Rainier Investment Management LLC’s holdings in Ulta Beauty were worth $2,966,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Comerica Bank raised its position in Ulta Beauty by 1.6% in the second quarter. Comerica Bank now owns 28,902 shares of the specialty retailer’s stock worth $7,286,000 after buying an additional 452 shares during the period. Legal & General Group Plc raised its position in Ulta Beauty by 2.0% in the second quarter. Legal & General Group Plc now owns 279,577 shares of the specialty retailer’s stock worth $80,332,000 after buying an additional 5,597 shares during the last quarter. State of Wisconsin Investment Board raised its position in Ulta Beauty by 18.7% in the second quarter. State of Wisconsin Investment Board now owns 76,605 shares of the specialty retailer’s stock worth $22,012,000 after buying an additional 12,080 shares during the last quarter. LMR Partners LLP purchased a new position in Ulta Beauty during the second quarter worth $1,373,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Ulta Beauty by 9.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 39,387 shares of the specialty retailer’s stock worth $11,317,000 after buying an additional 3,306 shares during the last quarter. 85.68% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Inc. (NASDAQ:ULTA) opened at 241.43 on Friday. Ulta Beauty Inc. has a 1-year low of $225.13 and a 1-year high of $314.86. The stock has a 50 day moving average of $257.19 and a 200 day moving average of $278.73. The stock has a market cap of $14.98 billion, a P/E ratio of 33.90 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 the Thomson Reuters’ consensus estimate of $1.79 by $0.12. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Ulta Beauty had a net margin of 8.75% and a return on equity of 28.91%. The business’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.45 EPS. Equities analysts anticipate that Ulta Beauty Inc. will post $8.32 EPS for the current fiscal year.

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ULTA has been the topic of a number of recent analyst reports. Jefferies Group LLC set a $266.00 price target on shares of Ulta Beauty and gave the company a “hold” rating in a research report on Thursday, April 27th. Piper Jaffray Companies reissued an “overweight” rating and set a $314.00 price target on shares of Ulta Beauty in a research report on Monday, May 1st. Royal Bank Of Canada reissued a “hold” rating on shares of Ulta Beauty in a research report on Tuesday, May 2nd. Zacks Investment Research raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a research report on Wednesday, May 10th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $330.00 price target (up from $315.00) on shares of Ulta Beauty in a research report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. Ulta Beauty currently has an average rating of “Hold” and an average price target of $319.05.

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

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

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