Los Angeles Capital Management & Equity Research Inc. trimmed its position in Ulta Beauty Inc (NASDAQ:ULTA) by 1.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,655 shares of the specialty retailer’s stock after selling 100 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Ulta Beauty were worth $1,972,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. FMR LLC lifted its position in Ulta Beauty by 52.6% during the fourth quarter. FMR LLC now owns 1,961,393 shares of the specialty retailer’s stock worth $480,228,000 after buying an additional 675,832 shares in the last quarter. Geode Capital Management LLC raised its position in Ulta Beauty by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 838,542 shares of the specialty retailer’s stock valued at $204,993,000 after purchasing an additional 62,309 shares during the period. Two Sigma Advisers LP raised its position in Ulta Beauty by 189.8% in the fourth quarter. Two Sigma Advisers LP now owns 784,145 shares of the specialty retailer’s stock valued at $191,990,000 after purchasing an additional 513,582 shares during the period. Northern Trust Corp raised its position in Ulta Beauty by 3.9% in the fourth quarter. Northern Trust Corp now owns 662,037 shares of the specialty retailer’s stock valued at $162,092,000 after purchasing an additional 25,150 shares during the period. Finally, Norges Bank purchased a new stake in Ulta Beauty in the fourth quarter valued at $125,214,000. Hedge funds and other institutional investors own 88.21% of the company’s stock.
Several equities research analysts recently issued reports on ULTA shares. BidaskClub upgraded Ulta Beauty from a “buy” rating to a “strong-buy” rating in a report on Friday, May 10th. Wells Fargo & Co boosted their price objective on Ulta Beauty from $280.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Loop Capital boosted their price objective on Ulta Beauty to $340.00 and gave the company a “hold” rating in a report on Monday, March 18th. They noted that the move was a valuation call. Nomura reissued a “neutral” rating and set a $311.00 target price (up from $305.00) on shares of Ulta Beauty in a research note on Tuesday, February 19th. They noted that the move was a valuation call. Finally, Jefferies Financial Group boosted their target price on Ulta Beauty from $335.00 to $357.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $343.29.
In other Ulta Beauty news, Director Charles Heilbronn sold 161,890 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $335.01, for a total transaction of $54,234,768.90. Following the completion of the sale, the director now directly owns 59,923 shares of the company’s stock, valued at approximately $20,074,804.23. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David C. Kimbell sold 15,452 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $333.50, for a total value of $5,153,242.00. Following the transaction, the insider now directly owns 13,716 shares of the company’s stock, valued at $4,574,286. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 426,250 shares of company stock valued at $143,394,373. 5.60% of the stock is owned by company insiders.
Shares of NASDAQ ULTA traded down $12.78 during trading hours on Wednesday, reaching $322.07. The stock had a trading volume of 980,373 shares, compared to its average volume of 745,557. The stock has a market cap of $19.31 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 1.42 and a beta of 0.99. Ulta Beauty Inc has a fifty-two week low of $224.43 and a fifty-two week high of $359.69.
Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, March 14th. The specialty retailer reported $3.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.56 by $0.05. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Ulta Beauty had a return on equity of 36.09% and a net margin of 9.80%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.75 EPS. As a group, research analysts forecast that Ulta Beauty Inc will post 12.79 EPS for the current year.
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About Ulta Beauty
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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