Canada Pension Plan Investment Board Sells 15,545 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Canada Pension Plan Investment Board lessened its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) by 34.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,047 shares of the specialty retailer’s stock after selling 15,545 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.06% of Ulta Beauty worth $11,603,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in Ulta Beauty by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 284,442 shares of the specialty retailer’s stock worth $113,620,000 after purchasing an additional 2,126 shares in the last quarter. Nemes Rush Group LLC bought a new position in shares of Ulta Beauty during the second quarter valued at $2,686,000. Chase Investment Counsel Corp bought a new position in shares of Ulta Beauty during the third quarter valued at $742,000. Kentucky Retirement Systems bought a new position in shares of Ulta Beauty during the third quarter valued at $1,580,000. Finally, Wealthfront Advisers LLC boosted its position in shares of Ulta Beauty by 13.1% during the third quarter. Wealthfront Advisers LLC now owns 4,456 shares of the specialty retailer’s stock valued at $1,780,000 after buying an additional 517 shares during the last quarter. Hedge funds and other institutional investors own 92.30% of the company’s stock.

Analyst Ratings Changes

ULTA has been the topic of several recent analyst reports. Argus increased their price objective on Ulta Beauty from $500.00 to $545.00 and gave the company a “buy” rating in a research report on Wednesday, December 6th. JPMorgan Chase & Co. dropped their price objective on Ulta Beauty from $526.00 to $505.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 29th. Evercore ISI assumed coverage on Ulta Beauty in a research report on Tuesday, November 7th. They set an “outperform” rating and a $460.00 price objective on the stock. Raymond James dropped their target price on Ulta Beauty from $550.00 to $500.00 and set a “strong-buy” rating on the stock in a research report on Monday, October 23rd. Finally, Oppenheimer reissued an “outperform” rating and issued a $525.00 target price on shares of Ulta Beauty in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $528.95.

Read Our Latest Analysis on Ulta Beauty

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $525.06 on Tuesday. Ulta Beauty, Inc. has a 1 year low of $368.02 and a 1 year high of $556.60. The stock’s 50 day simple moving average is $488.67 and its two-hundred day simple moving average is $437.97. The company has a market cap of $25.50 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 2.16 and a beta of 1.31.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last released its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.96 by $0.11. Ulta Beauty had a return on equity of 61.42% and a net margin of 11.37%. The business had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the company posted $5.34 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. As a group, analysts anticipate that Ulta Beauty, Inc. will post 25.52 EPS for the current year.

Insider Activity

In other news, insider Jodi J. Caro sold 1,804 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $490.02, for a total transaction of $883,996.08. Following the transaction, the insider now owns 5,590 shares of the company’s stock, valued at approximately $2,739,211.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Lorna Nagler sold 500 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $488.18, for a total transaction of $244,090.00. Following the completion of the transaction, the director now owns 6,529 shares in the company, valued at approximately $3,187,327.22. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jodi J. Caro sold 1,804 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $490.02, for a total value of $883,996.08. Following the completion of the sale, the insider now owns 5,590 shares of the company’s stock, valued at $2,739,211.80. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company’s stock.

About Ulta Beauty

(Free Report)

Ulta Beauty, Inc operate specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services in the United States. It offers broad assortment of branded and private label beauty products including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools; and salon services, including hair, skin, makeup, and brow services, as well as nail services.

Further Reading

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

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