Bellevue Group AG Reduces Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Bellevue Group AG lessened its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 45.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,100 shares of the specialty retailer’s stock after selling 900 shares during the period. Bellevue Group AG’s holdings in Ulta Beauty were worth $340,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ULTA. Amundi Pioneer Asset Management Inc. boosted its holdings in Ulta Beauty by 276.0% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 807,092 shares of the specialty retailer’s stock valued at $231,766,000 after purchasing an additional 592,461 shares during the last quarter. Boston Partners boosted its holdings in Ulta Beauty by 9.4% in the 1st quarter. Boston Partners now owns 564,798 shares of the specialty retailer’s stock valued at $174,654,000 after purchasing an additional 48,689 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in Ulta Beauty in the 1st quarter valued at about $172,032,000. Norges Bank acquired a new position in Ulta Beauty in the 4th quarter valued at about $153,942,000. Finally, UBS Asset Management Americas Inc. boosted its holdings in Ulta Beauty by 4.1% in the 4th quarter. UBS Asset Management Americas Inc. now owns 480,194 shares of the specialty retailer’s stock valued at $137,893,000 after purchasing an additional 18,787 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

Shares of NASDAQ:ULTA opened at $332.01 on Friday. Ulta Beauty, Inc. has a 52 week low of $186.01 and a 52 week high of $351.72. The firm has a 50 day moving average price of $325.06. The stock has a market cap of $18.18 billion, a P/E ratio of 107.10, a PEG ratio of 1.98 and a beta of 1.71.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Wednesday, May 26th. The specialty retailer reported $4.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.92 by $2.18. Ulta Beauty had a net margin of 2.86% and a return on equity of 14.32%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the firm posted ($1.39) EPS. The company’s quarterly revenue was up 65.2% compared to the same quarter last year. On average, analysts expect that Ulta Beauty, Inc. will post 9.86 earnings per share for the current year.

Several equities analysts have weighed in on ULTA shares. Oppenheimer boosted their target price on shares of Ulta Beauty from $360.00 to $385.00 and gave the company an “outperform” rating in a report on Friday, May 28th. Piper Sandler upped their price objective on shares of Ulta Beauty from $361.00 to $386.00 and gave the stock an “overweight” rating in a report on Friday, May 28th. Argus upped their price objective on shares of Ulta Beauty from $295.00 to $355.00 and gave the stock a “buy” rating in a report on Tuesday, March 16th. Credit Suisse Group upped their price objective on shares of Ulta Beauty from $308.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, March 12th. Finally, UBS Group upped their price objective on shares of Ulta Beauty from $360.00 to $380.00 and gave the stock a “buy” rating in a report on Monday, May 17th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $338.09.

In related news, Director Mary N. Dillon sold 81,663 shares of the stock in a transaction on Friday, June 4th. The shares were sold at an average price of $325.58, for a total value of $26,587,839.54. Following the transaction, the director now directly owns 97,169 shares of the company’s stock, valued at approximately $31,636,283.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charles Heilbronn sold 15,397 shares of the stock in a transaction on Wednesday, April 14th. The shares were sold at an average price of $334.79, for a total transaction of $5,154,761.63. Insiders sold a total of 907,170 shares of company stock worth $284,391,333 over the last ninety days. Insiders own 4.70% of the company’s stock.

Ulta Beauty Profile

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 others, including nail products and accessories.

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

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