Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 498,852 shares of the specialty retailer’s stock after selling 51 shares during the period. Massachusetts Financial Services Co. MA owned 0.92% of Ulta Beauty worth $180,046,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. BancorpSouth Bank increased its position in Ulta Beauty by 2.0% during the second quarter. BancorpSouth Bank now owns 1,373 shares of the specialty retailer’s stock worth $475,000 after purchasing an additional 27 shares during the last quarter. MACRO Consulting Group increased its position in shares of Ulta Beauty by 2.2% in the second quarter. MACRO Consulting Group now owns 1,291 shares of the specialty retailer’s stock worth $444,000 after acquiring an additional 28 shares in the last quarter. NEXT Financial Group Inc increased its position in shares of Ulta Beauty by 2.5% in the third quarter. NEXT Financial Group Inc now owns 1,159 shares of the specialty retailer’s stock worth $418,000 after acquiring an additional 28 shares in the last quarter. Brighton Jones LLC increased its position in shares of Ulta Beauty by 1.4% in the third quarter. Brighton Jones LLC now owns 1,974 shares of the specialty retailer’s stock worth $712,000 after acquiring an additional 28 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its position in shares of Ulta Beauty by 3.7% in the third quarter. Dynamic Advisor Solutions LLC now owns 814 shares of the specialty retailer’s stock worth $294,000 after acquiring an additional 29 shares in the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

In other news, COO Kecia Steelman sold 5,182 shares of Ulta Beauty stock in a transaction that occurred on Wednesday, December 8th. The shares were sold at an average price of $408.30, for a total value of $2,115,810.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mary N. Dillon sold 50,000 shares of Ulta Beauty stock in a transaction that occurred on Wednesday, December 8th. The shares were sold at an average price of $410.61, for a total transaction of $20,530,500.00. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Ulta Beauty from $400.00 to $450.00 and gave the stock a “neutral” rating in a research report on Friday, December 3rd. Loop Capital reissued a “hold” rating and issued a $400.00 price objective on shares of Ulta Beauty in a research report on Friday, September 17th. Wells Fargo & Company reissued a “hold” rating and issued a $424.00 price objective on shares of Ulta Beauty in a research report on Friday, December 3rd. Barclays raised their price target on shares of Ulta Beauty from $492.00 to $516.00 and gave the company an “overweight” rating in a report on Monday, December 6th. Finally, Robert W. Baird raised their price target on shares of Ulta Beauty from $460.00 to $480.00 and gave the company an “outperform” rating in a report on Friday, December 3rd. Nine analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Ulta Beauty has an average rating of “Buy” and an average target price of $449.43.

NASDAQ ULTA opened at $374.48 on Friday. The stock has a market capitalization of $20.27 billion, a PE ratio of 23.96, a price-to-earnings-growth ratio of 1.36 and a beta of 1.66. The company has a 50 day moving average price of $395.73 and a two-hundred day moving average price of $375.98. Ulta Beauty, Inc. has a 12-month low of $276.00 and a 12-month high of $422.43.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 2nd. The specialty retailer reported $3.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.51 by $1.43. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Ulta Beauty had a net margin of 10.72% and a return on equity of 46.16%. The company’s revenue was up 28.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.64 earnings per share. On average, analysts expect that Ulta Beauty, Inc. will post 17.15 EPS for the current fiscal year.

Ulta Beauty Profile

Ulta Beauty, Inc engages in the retail of beauty products. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. The company was founded on January 9, 1990 and is headquartered in Bolingbrook, IL.

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

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