State of Alaska Department of Revenue Has $4.19 Million Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

State of Alaska Department of Revenue trimmed its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTAGet Rating) by 39.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,870 shares of the specialty retailer’s stock after selling 6,943 shares during the period. State of Alaska Department of Revenue’s holdings in Ulta Beauty were worth $4,189,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of ULTA. Wellington Management Group LLP raised its position in Ulta Beauty by 43.1% during the first quarter. Wellington Management Group LLP now owns 2,276,111 shares of the specialty retailer’s stock valued at $906,392,000 after buying an additional 685,026 shares during the period. Norges Bank acquired a new position in Ulta Beauty in the 4th quarter worth about $202,400,000. BlackRock Inc. increased its position in Ulta Beauty by 11.4% in the 4th quarter. BlackRock Inc. now owns 4,234,911 shares of the specialty retailer’s stock worth $1,746,223,000 after purchasing an additional 434,595 shares during the last quarter. Victory Capital Management Inc. increased its position in Ulta Beauty by 684.9% in the 1st quarter. Victory Capital Management Inc. now owns 304,634 shares of the specialty retailer’s stock worth $121,248,000 after purchasing an additional 265,822 shares during the last quarter. Finally, 1832 Asset Management L.P. increased its position in Ulta Beauty by 115.1% in the 4th quarter. 1832 Asset Management L.P. now owns 365,911 shares of the specialty retailer’s stock worth $149,625,000 after purchasing an additional 195,797 shares during the last quarter. 89.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, Director Catherine Ann Halligan sold 276 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $445.86, for a total value of $123,057.36. Following the completion of the transaction, the director now 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 SEC, which is available at this hyperlink. In other news, insider Anita Jane Ryan sold 594 shares of the stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $440.53, for a total value of $261,674.82. Following the completion of the transaction, the insider now directly owns 2,482 shares of the company’s stock, valued at approximately $1,093,395.46. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Catherine Ann Halligan sold 276 shares of the stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $445.86, for a total value 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 $966,624.48. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Ulta Beauty Stock Down 1.4 %

Ulta Beauty stock opened at $410.82 on Thursday. The business has a 50 day moving average price of $407.13 and a two-hundred day moving average price of $398.18. The stock has a market cap of $21.04 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 1.66 and a beta of 1.39. Ulta Beauty, Inc. has a 12 month low of $330.80 and a 12 month high of $451.30.

Ulta Beauty (NASDAQ:ULTAGet Rating) last posted its quarterly earnings results on Thursday, August 25th. The specialty retailer reported $5.70 EPS for the quarter, beating the consensus estimate of $4.96 by $0.74. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.20 billion. Ulta Beauty had a return on equity of 64.33% and a net margin of 12.08%. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.56 EPS. On average, analysts expect that Ulta Beauty, Inc. will post 21.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ULTA shares. Oppenheimer upped their target price on Ulta Beauty from $485.00 to $505.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th. Citigroup upped their target price on Ulta Beauty from $393.00 to $425.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 31st. StockNews.com lowered Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Wednesday. Robert W. Baird upped their target price on Ulta Beauty from $480.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th. Finally, Cowen upped their price target on Ulta Beauty from $480.00 to $503.00 and gave the stock an “outperform” rating in a research note on Friday, August 26th. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $482.27.

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.

Further Reading

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

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