Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by 1832 Asset Management L.P.

1832 Asset Management L.P. reduced its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTAGet Rating) by 25.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,830 shares of the specialty retailer’s stock after selling 93,081 shares during the period. 1832 Asset Management L.P. owned approximately 0.52% of Ulta Beauty worth $107,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its position in Ulta Beauty by 59.1% during the 1st quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 26 shares in the last quarter. Bank of New Hampshire acquired a new position in Ulta Beauty during the 1st quarter valued at about $29,000. WD Rutherford LLC increased its position in Ulta Beauty by 100.0% during the 1st quarter. WD Rutherford LLC now owns 90 shares of the specialty retailer’s stock valued at $36,000 after buying an additional 45 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in Ulta Beauty during the 1st quarter valued at about $37,000. Finally, Herold Advisors Inc. acquired a new position in Ulta Beauty during the 1st quarter valued at about $40,000. 89.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ULTA shares. William Blair started coverage on Ulta Beauty in a report on Friday, August 26th. They issued an “outperform” rating on the stock. Citigroup increased their price objective on Ulta Beauty from $393.00 to $425.00 and gave the company a “neutral” rating in a report on Tuesday, May 31st. The Goldman Sachs Group increased their price objective on Ulta Beauty from $427.00 to $491.00 and gave the company a “buy” rating in a report on Friday, August 26th. Telsey Advisory Group increased their price objective on Ulta Beauty from $475.00 to $510.00 and gave the company an “outperform” rating in a report on Friday, August 26th. Finally, Cowen increased their price objective on Ulta Beauty from $480.00 to $503.00 and gave the company an “outperform” rating in a report on Friday, August 26th. Seven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $478.70.

Ulta Beauty Trading Up 0.7 %

Shares of NASDAQ ULTA opened at $446.14 on Tuesday. Ulta Beauty, Inc. has a twelve month low of $330.80 and a twelve month high of $451.30. The stock has a market capitalization of $22.85 billion, a PE ratio of 20.90, a PEG ratio of 1.74 and a beta of 1.39. The stock has a fifty day simple moving average of $401.57 and a 200-day simple moving average of $396.18.

Ulta Beauty (NASDAQ:ULTAGet Rating) last released its earnings results on Thursday, August 25th. The specialty retailer reported $5.70 EPS for the quarter, topping the consensus estimate of $5.00 by $0.70. Ulta Beauty had a return on equity of 64.33% and a net margin of 12.08%. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same period in the previous year, the firm posted $4.56 EPS. Ulta Beauty’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, equities analysts predict that Ulta Beauty, Inc. will post 21.36 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Catherine Ann Halligan sold 276 shares of the business’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $445.86, for a total transaction of $123,057.36. Following the completion of the transaction, the director now directly owns 2,168 shares of the company’s stock, valued at approximately $966,624.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Ulta Beauty news, Director Catherine Ann Halligan sold 276 shares of Ulta Beauty stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $445.86, for a total transaction of $123,057.36. Following the completion of the sale, the director now directly owns 2,168 shares of the company’s stock, valued at approximately $966,624.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anita Jane Ryan sold 594 shares of Ulta Beauty stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $440.53, for a total value of $261,674.82. Following the sale, the insider now directly owns 2,482 shares of the company’s stock, valued at $1,093,395.46. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

Ulta Beauty Profile

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Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.

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

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