Penserra Capital Management LLC Sells 477 Shares of Ulta Beauty Inc. $ULTA

Penserra Capital Management LLC cut its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 18.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,071 shares of the specialty retailer’s stock after selling 477 shares during the period. Penserra Capital Management LLC’s holdings in Ulta Beauty were worth $968,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in Ulta Beauty by 2.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 50,987 shares of the specialty retailer’s stock valued at $18,689,000 after acquiring an additional 1,149 shares in the last quarter. Allworth Financial LP raised its stake in shares of Ulta Beauty by 18.7% in the first quarter. Allworth Financial LP now owns 254 shares of the specialty retailer’s stock worth $98,000 after purchasing an additional 40 shares during the last quarter. Alps Advisors Inc. bought a new position in shares of Ulta Beauty during the first quarter valued at $370,000. Cerity Partners LLC boosted its position in shares of Ulta Beauty by 31.2% during the first quarter. Cerity Partners LLC now owns 9,340 shares of the specialty retailer’s stock valued at $3,424,000 after buying an additional 2,222 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in Ulta Beauty by 13.7% in the 1st quarter. New York State Common Retirement Fund now owns 31,386 shares of the specialty retailer’s stock worth $11,504,000 after buying an additional 3,770 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Up 1.2%

NASDAQ ULTA opened at $522.83 on Wednesday. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $572.23. The stock has a market cap of $23.44 billion, a PE ratio of 20.05, a P/E/G ratio of 2.84 and a beta of 1.05. The stock’s 50 day moving average is $530.85 and its 200 day moving average is $490.84.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.03 by $0.75. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter last year, the business posted $5.30 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, analysts forecast that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Canaccord Genuity Group raised their target price on Ulta Beauty from $650.00 to $653.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Loop Capital reissued a “hold” rating and issued a $510.00 price objective on shares of Ulta Beauty in a report on Friday, July 25th. JPMorgan Chase & Co. boosted their target price on shares of Ulta Beauty from $525.00 to $600.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Piper Sandler initiated coverage on shares of Ulta Beauty in a research note on Thursday, September 4th. They set an “overweight” rating and a $590.00 price target on the stock. Finally, Bank of America raised their target price on Ulta Beauty from $500.00 to $575.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $550.38.

Insider Activity at Ulta Beauty

In other news, Director Mike C. Smith sold 500 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $528.43, for a total transaction of $264,215.00. Following the completion of the transaction, the director owned 2,263 shares in the company, valued at $1,195,837.09. This trade represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.39% of the stock is owned by company insiders.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.