Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd increased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 333.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,332 shares of the specialty retailer’s stock after purchasing an additional 1,794 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Ulta Beauty were worth $1,219,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ULTA. Nvwm LLC increased its position in Ulta Beauty by 2.1% during the fourth quarter. Nvwm LLC now owns 1,043 shares of the specialty retailer’s stock worth $511,000 after buying an additional 21 shares in the last quarter. Manchester Capital Management LLC increased its position in Ulta Beauty by 41.2% during the fourth quarter. Manchester Capital Management LLC now owns 72 shares of the specialty retailer’s stock worth $35,000 after buying an additional 21 shares in the last quarter. Pinnacle Associates Ltd. increased its position in Ulta Beauty by 0.8% during the fourth quarter. Pinnacle Associates Ltd. now owns 2,828 shares of the specialty retailer’s stock worth $1,386,000 after buying an additional 23 shares in the last quarter. Nkcfo LLC increased its position in Ulta Beauty by 14.4% during the fourth quarter. Nkcfo LLC now owns 183 shares of the specialty retailer’s stock worth $90,000 after buying an additional 23 shares in the last quarter. Finally, Janiczek Wealth Management LLC increased its position in Ulta Beauty by 32.5% during the first quarter. Janiczek Wealth Management LLC now owns 102 shares of the specialty retailer’s stock worth $53,000 after buying an additional 25 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ulta Beauty

In other news, insider Jodi J. Caro sold 650 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total value of $252,642.00. Following the transaction, the insider now directly owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Jodi J. Caro sold 650 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total value of $252,642.00. Following the transaction, the insider now directly owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total transaction of $39,008.00. Following the completion of the transaction, the director now directly owns 2,017 shares in the company, valued at $786,791.36. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

Ulta Beauty Trading Down 0.6 %

NASDAQ:ULTA traded down $2.38 during trading hours on Tuesday, hitting $389.29. 552,825 shares of the stock traded hands, compared to its average volume of 805,271. The firm has a 50 day moving average price of $389.70 and a 200 day moving average price of $452.35. Ulta Beauty, Inc. has a fifty-two week low of $368.02 and a fifty-two week high of $574.76. The firm has a market cap of $18.58 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 1.81 and a beta of 1.37.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.19 by $0.28. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the business earned $6.88 EPS. The company’s revenue was up 3.5% on a year-over-year basis. Research analysts predict that Ulta Beauty, Inc. will post 25.7 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ULTA shares. Canaccord Genuity Group lowered their price objective on Ulta Beauty from $575.00 to $522.00 and set a “buy” rating for the company in a research report on Wednesday, May 29th. Robert W. Baird lowered their price objective on Ulta Beauty from $625.00 to $525.00 and set an “outperform” rating for the company in a research report on Wednesday, May 29th. Raymond James lowered their price objective on Ulta Beauty from $630.00 to $610.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 3rd. Piper Sandler lowered their price objective on Ulta Beauty from $498.00 to $494.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. Finally, BMO Capital Markets lowered their price objective on Ulta Beauty from $540.00 to $500.00 and set a “market perform” rating for the company in a research report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $502.61.

Ulta Beauty Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.