Westwood Management Corp Has Trimmed Its Holding in Ulta Beauty INC (ULTA) as Shares Rose

June 21, 2018 - By Stephen Andrade

Ulta Beauty, Inc. (NASDAQ:ULTA) LogoInvestors sentiment increased to 1.02 in 2018 Q1. Its up 0.07, from 0.95 in 2017Q4. It increased, as 63 investors sold ULTA shares while 151 reduced holdings. 75 funds opened positions while 144 raised stakes. 51.94 million shares or 2.83% less from 53.45 million shares in 2017Q4 were reported. Pub Employees Retirement Association Of Colorado accumulated 10,598 shares or 0.01% of the stock. Td Asset, a Ontario – Canada-based fund reported 74,266 shares. Old Mutual Customised Solutions (Proprietary) Limited reported 2,800 shares stake. Green Square Capital Ltd Limited Liability Company reported 0.07% in Ulta Beauty, Inc. (NASDAQ:ULTA). France-based Comgest Global Invsts Sas has invested 0.09% in Ulta Beauty, Inc. (NASDAQ:ULTA). 24,807 are held by M&T Financial Bank. The Massachusetts-based Bogle Investment Ltd Partnership De has invested 0.22% in Ulta Beauty, Inc. (NASDAQ:ULTA). Moneta Investment Advsr Limited Liability stated it has 0.05% in Ulta Beauty, Inc. (NASDAQ:ULTA). Owl Creek Asset Mngmt Lp owns 273,946 shares for 2.27% of their portfolio. 135,217 are owned by State Of Wisconsin Investment Board. Manufacturers Life The accumulated 163,769 shares. Ellington Mgmt Grp Lc holds 9,400 shares or 0.14% of its portfolio. Cap Invsts has invested 0.21% in Ulta Beauty, Inc. (NASDAQ:ULTA). 33,558 were accumulated by Azimuth Management Limited Liability Company. Eaton Vance Management stated it has 0.15% in Ulta Beauty, Inc. (NASDAQ:ULTA).

Since April 5, 2018, it had 0 insider buys, and 9 insider sales for $29.13 million activity. CHILDS JEFFREY J sold $2.01M worth of stock or 8,000 shares. Shares for $685,057 were sold by Nagler Lorna on Monday, April 16. PHILIPPIN CHARLES J also sold $12.55 million worth of Ulta Beauty, Inc. (NASDAQ:ULTA) on Monday, June 11. $3.70 million worth of Ulta Beauty, Inc. (NASDAQ:ULTA) was sold by Eck Dennis K. Dillon Mary N had sold 16,286 shares worth $3.37M. 7,032 shares were sold by Settersten Scott M, worth $1.78M.

Westwood Management Corp decreased its stake in Ulta Beauty Inc. (ULTA) by 22.77% based on its latest 2018Q1 regulatory filing with the SEC. Westwood Management Corp sold 28,000 shares as the company’s stock rose 26.20% while stock markets declined. The institutional investor held 94,950 shares of the 2007 company at the end of 2018Q1, valued at $19.40M, down from 122,950 at the end of the previous reported quarter. Westwood Management Corp who had been investing in Ulta Beauty Inc. for a number of months, seems to be less bullish one the $15.05B market cap company. The stock decreased 0.47% or $1.19 during the last trading session, reaching $250.09. About 502,629 shares traded. Ulta Beauty, Inc. (NASDAQ:ULTA) has declined 14.33% since June 21, 2017 and is downtrending. It has underperformed by 26.90% the S&P500.

Analysts await Ulta Beauty, Inc. (NASDAQ:ULTA) to report earnings on August, 23. They expect $2.40 earnings per share, up 31.15 % or $0.57 from last year’s $1.83 per share. ULTA’s profit will be $144.43 million for 26.05 P/E if the $2.40 EPS becomes a reality. After $2.63 actual earnings per share reported by Ulta Beauty, Inc. for the previous quarter, Wall Street now forecasts -8.75 % negative EPS growth.

More notable recent Ulta Beauty, Inc. (NASDAQ:ULTA) news were published by: Investorplace.com which released: “20 Nasdaq-100 Stocks That Will Heat Up 2H18” on June 15, 2018, also Investorplace.com with their article: “5 Top Stock Trades for Friday Morning” published on May 24, 2018, Benzinga.com published: “Ulta Beauty Downgraded By Goldman Sachs As Loyalty Program Growth Slows” on June 05, 2018. More interesting news about Ulta Beauty, Inc. (NASDAQ:ULTA) were released by: Nasdaq.com and their article: “Ulta Beauty Has a Lot to Prove on Thursday” published on May 28, 2018 as well as Fool.com‘s news article titled: “Ulta Beauty Proves It Has Many Tools in Its Toolbox” with publication date: June 09, 2018.

Ulta Beauty, Inc. (NASDAQ:ULTA) Ratings Coverage

Among 19 analysts covering Ulta Beauty (NASDAQ:ULTA), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive. Ulta Beauty has $303 highest and $205.0 lowest target. $262.50’s average target is 4.96% above currents $250.09 stock price. Ulta Beauty had 31 analyst reports since January 3, 2018 according to SRatingsIntel. The rating was upgraded by Piper Jaffray on Tuesday, April 10 to “Buy”. The firm earned “Market Perform” rating on Friday, March 16 by BMO Capital Markets. The firm earned “Overweight” rating on Friday, March 16 by JP Morgan. Deutsche Bank maintained the stock with “Hold” rating in Friday, March 16 report. Morgan Stanley upgraded the shares of ULTA in report on Wednesday, January 17 to “Overweight” rating. The stock of Ulta Beauty, Inc. (NASDAQ:ULTA) earned “Hold” rating by Goldman Sachs on Tuesday, June 5. The stock of Ulta Beauty, Inc. (NASDAQ:ULTA) earned “Hold” rating by Stifel Nicolaus on Friday, March 16. The company was upgraded on Tuesday, May 15 by Oppenheimer. The firm has “Outperform” rating given on Wednesday, May 30 by Robert W. Baird. BMO Capital Markets maintained Ulta Beauty, Inc. (NASDAQ:ULTA) rating on Friday, June 1. BMO Capital Markets has “Market Perform” rating and $230 target.

Ulta Beauty, Inc. (NASDAQ:ULTA) Institutional Positions Chart

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