Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Simon Quick Advisors LLC

Simon Quick Advisors LLC decreased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTAGet Rating) by 27.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 155 shares of the specialty retailer’s stock after selling 60 shares during the period. Simon Quick Advisors LLC’s holdings in Ulta Beauty were worth $64,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ULTA. TRUE Private Wealth Advisors bought a new stake in shares of Ulta Beauty in the third quarter valued at about $203,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Ulta Beauty by 6.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 16,485 shares of the specialty retailer’s stock worth $5,950,000 after acquiring an additional 971 shares during the period. Herold Advisors Inc. bought a new position in Ulta Beauty in the 3rd quarter valued at approximately $36,000. Treasurer of the State of North Carolina boosted its stake in Ulta Beauty by 1.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 19,949 shares of the specialty retailer’s stock worth $7,200,000 after purchasing an additional 289 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Ulta Beauty by 9.8% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,489 shares of the specialty retailer’s stock worth $13,170,000 after purchasing an additional 3,268 shares during the last quarter. Hedge funds and other institutional investors own 88.92% of the company’s stock.

In related news, insider Jodi J. Caro sold 5,340 shares of Ulta Beauty stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of $384.54, for a total value of $2,053,443.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 3.10% of the company’s stock.

Ulta Beauty stock traded down $20.62 during midday trading on Friday, reaching $396.80. 954,372 shares of the company traded hands, compared to its average volume of 582,957. The business has a 50 day moving average of $391.85 and a two-hundred day moving average of $386.97. The firm has a market capitalization of $20.72 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 2.12 and a beta of 1.65. Ulta Beauty, Inc. has a 12 month low of $299.77 and a 12 month high of $438.63.

Ulta Beauty (NASDAQ:ULTAGet Rating) last issued its quarterly earnings results on Thursday, March 10th. The specialty retailer reported $5.41 earnings per share for the quarter, topping the consensus estimate of $4.56 by $0.85. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.69 billion. Ulta Beauty had a return on equity of 54.42% and a net margin of 11.42%. The company’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.41 earnings per share. Sell-side analysts forecast that Ulta Beauty, Inc. will post 18.54 earnings per share for the current fiscal year.

A number of research firms have commented on ULTA. Barclays boosted their target price on Ulta Beauty from $440.00 to $469.00 and gave the stock an “overweight” rating in a research report on Monday, March 14th. Credit Suisse Group reissued a “buy” rating and issued a $455.00 price target on shares of Ulta Beauty in a research report on Friday, March 11th. StockNews.com started coverage on Ulta Beauty in a report on Thursday, March 31st. They issued a “hold” rating for the company. Raymond James decreased their price target on shares of Ulta Beauty from $485.00 to $450.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 26th. Finally, Piper Sandler decreased their target price on shares of Ulta Beauty from $475.00 to $465.00 and set an “overweight” rating for the company in a research report on Tuesday, April 19th. Nine equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $448.86.

Ulta Beauty Profile (Get Rating)

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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