Pinnacle Financial Partners Inc. lowered its stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 12.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,254 shares of the specialty retailer’s stock after selling 186 shares during the period. Pinnacle Financial Partners Inc.’s holdings in Ulta Beauty were worth $435,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. FTB Advisors Inc. boosted its stake in shares of Ulta Beauty by 396.2% during the 2nd quarter. FTB Advisors Inc. now owns 129 shares of the specialty retailer’s stock worth $44,000 after acquiring an additional 103 shares in the last quarter. Enlightenment Research LLC acquired a new position in Ulta Beauty during the second quarter worth $600,000. Nomura Asset Management Co. Ltd. raised its holdings in Ulta Beauty by 1.1% during the first quarter. Nomura Asset Management Co. Ltd. now owns 9,970 shares of the specialty retailer’s stock worth $3,477,000 after purchasing an additional 111 shares during the last quarter. Braun Stacey Associates Inc. boosted its position in Ulta Beauty by 1.6% during the second quarter. Braun Stacey Associates Inc. now owns 35,666 shares of the specialty retailer’s stock worth $12,372,000 after purchasing an additional 578 shares in the last quarter. Finally, Cim LLC boosted its position in Ulta Beauty by 7.4% during the second quarter. Cim LLC now owns 3,888 shares of the specialty retailer’s stock worth $1,349,000 after purchasing an additional 267 shares in the last quarter. 88.69% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Lorna Nagler sold 2,000 shares of Ulta Beauty stock in a transaction on Friday, June 14th. The stock was sold at an average price of $354.03, for a total value of $708,060.00. Following the completion of the sale, the director now owns 8,368 shares of the company’s stock, valued at $2,962,523.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sally E. Blount sold 315 shares of Ulta Beauty stock in a transaction on Friday, June 21st. The shares were sold at an average price of $359.28, for a total value of $113,173.20. Following the completion of the sale, the director now directly owns 989 shares of the company’s stock, valued at approximately $355,327.92. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by insiders.
Shares of Ulta Beauty stock traded down $3.16 during mid-day trading on Wednesday, hitting $228.26. 45,576 shares of the stock were exchanged, compared to its average volume of 2,301,949. Ulta Beauty Inc has a twelve month low of $224.43 and a twelve month high of $368.83. The stock has a market capitalization of $13.31 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 1.10 and a beta of 1.07. The company has a 50-day simple moving average of $312.59 and a 200 day simple moving average of $333.88. The company has a current ratio of 1.80, a quick ratio of 0.57 and a debt-to-equity ratio of 0.90.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $2.76 earnings per share for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.03). The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.68 billion. Ulta Beauty had a net margin of 9.86% and a return on equity of 36.87%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.46 EPS. Equities research analysts forecast that Ulta Beauty Inc will post 11.81 earnings per share for the current fiscal year.
Ulta Beauty Company Profile
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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