DekaBank Deutsche Girozentrale Has $109.91 Million Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

DekaBank Deutsche Girozentrale boosted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 17.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,653 shares of the specialty retailer’s stock after acquiring an additional 32,468 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.45% of Ulta Beauty worth $109,906,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ULTA. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Ulta Beauty during the 4th quarter worth about $25,000. Vima LLC acquired a new stake in shares of Ulta Beauty during the fourth quarter worth approximately $27,000. Riverview Trust Co bought a new position in shares of Ulta Beauty in the first quarter valued at approximately $30,000. Sound Income Strategies LLC boosted its holdings in shares of Ulta Beauty by 490.0% in the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 49 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in Ulta Beauty during the 1st quarter worth approximately $31,000. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock traded down $8.94 during trading hours on Friday, hitting $341.01. The company’s stock had a trading volume of 959,256 shares, compared to its average volume of 863,921. Ulta Beauty, Inc. has a 12 month low of $338.11 and a 12 month high of $574.76. The company has a market capitalization of $16.27 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 1.62 and a beta of 1.37. The stock has a 50 day moving average of $385.37 and a 200 day moving average of $446.05.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, May 30th. The specialty retailer reported $6.47 EPS for the quarter, topping 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 firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period last year, the company posted $6.88 EPS. The business’s quarterly revenue was up 3.5% on a year-over-year basis. Equities analysts expect that Ulta Beauty, Inc. will post 25.66 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on ULTA. Stifel Nicolaus reduced their price objective on Ulta Beauty from $565.00 to $475.00 and set a “hold” rating on the stock in a research note on Tuesday, May 14th. Barclays decreased their price objective on shares of Ulta Beauty from $394.00 to $355.00 and set an “equal weight” rating on the stock in a report on Friday, June 28th. Piper Sandler downgraded shares of Ulta Beauty from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $494.00 to $404.00 in a research note on Wednesday, July 24th. Loop Capital raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $540.00 price target on the stock in a research note on Monday, April 8th. Finally, Wells Fargo & Company lowered their price target on shares of Ulta Beauty from $350.00 to $325.00 and set an “underweight” rating for the company in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Ulta Beauty currently has a consensus rating of “Moderate Buy” and a consensus price target of $497.61.

Insider Buying and Selling

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

About Ulta Beauty

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.