ProShare Advisors LLC decreased its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,630 shares of the specialty retailer’s stock after selling 79 shares during the period. ProShare Advisors LLC’s holdings in Ulta Beauty were worth $3,110,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of ULTA. Vanguard Group Inc. lifted its holdings in Ulta Beauty by 0.7% during the first quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer’s stock worth $2,344,096,000 after acquiring an additional 40,190 shares during the period. BlackRock Inc. lifted its holdings in Ulta Beauty by 1.6% during the third quarter. BlackRock Inc. now owns 4,231,441 shares of the specialty retailer’s stock worth $1,697,611,000 after acquiring an additional 65,087 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Ulta Beauty by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 682,898 shares of the specialty retailer’s stock worth $273,971,000 after acquiring an additional 3,218 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Ulta Beauty by 86.0% during the third quarter. Price T Rowe Associates Inc. MD now owns 678,285 shares of the specialty retailer’s stock worth $272,122,000 after acquiring an additional 313,579 shares during the period. Finally, Invesco Ltd. lifted its holdings in Ulta Beauty by 33.6% during the first quarter. Invesco Ltd. now owns 473,586 shares of the specialty retailer’s stock worth $188,593,000 after acquiring an additional 119,048 shares during the period. Hedge funds and other institutional investors own 90.47% of the company’s stock.
Insider Transactions at Ulta Beauty
In other news, insider Jodi J. Caro sold 4,500 shares of the company’s stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $506.65, for a total value of $2,279,925.00. Following the completion of the transaction, the insider now directly owns 5,231 shares in the company, valued at approximately $2,650,286.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Mike C. Smith sold 400 shares of the business’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $521.63, for a total value of $208,652.00. Following the completion of the sale, the director now owns 1,531 shares of the company’s stock, valued at approximately $798,615.53. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jodi J. Caro sold 4,500 shares of the business’s stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $506.65, for a total value of $2,279,925.00. Following the completion of the sale, the insider now directly owns 5,231 shares of the company’s stock, valued at approximately $2,650,286.15. The disclosure for this sale can be found here. In the last three months, insiders sold 7,355 shares of company stock worth $3,821,507. 2.00% of the stock is currently owned by corporate insiders.
Ulta Beauty Trading Down 0.7 %
Ulta Beauty (NASDAQ:ULTA – Get Rating) last posted its quarterly earnings data on Thursday, March 9th. The specialty retailer reported $6.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.53 by $1.15. Ulta Beauty had a return on equity of 67.19% and a net margin of 12.17%. The firm had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the prior year, the business earned $5.41 EPS. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, equities research analysts predict that Ulta Beauty, Inc. will post 25.2 EPS for the current year.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. Evercore ISI lifted their price target on Ulta Beauty from $600.00 to $650.00 in a report on Friday, March 10th. Credit Suisse Group boosted their target price on Ulta Beauty from $535.00 to $580.00 and gave the company an “outperform” rating in a research note on Friday, March 10th. Argus boosted their target price on Ulta Beauty from $530.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, March 31st. Morgan Stanley boosted their target price on Ulta Beauty from $510.00 to $535.00 and gave the company an “equal weight” rating in a research note on Monday, March 13th. Finally, Robert W. Baird boosted their target price on Ulta Beauty from $550.00 to $580.00 in a research note on Friday, March 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $561.63.
About Ulta Beauty
Ulta Beauty, Inc engages in the retail of beauty products. The company has one reportable segment, which includes retail stores, salon services, and e-commerce. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. Ulta was founded on January 9, 1990, and is headquartered in Bolingbrook, IL.
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