Advisor Group Holdings Inc. boosted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 25.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,858 shares of the specialty retailer’s stock after buying an additional 4,284 shares during the period. Advisor Group Holdings Inc.’s holdings in Ulta Beauty were worth $9,781,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the business. Prudential PLC acquired a new stake in shares of Ulta Beauty during the first quarter worth $425,000. Vanguard Group Inc. grew its position in Ulta Beauty by 0.7% in the first quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer’s stock valued at $2,344,096,000 after purchasing an additional 40,190 shares in the last quarter. Baird Financial Group Inc. grew its position in Ulta Beauty by 2.8% in the first quarter. Baird Financial Group Inc. now owns 8,299 shares of the specialty retailer’s stock valued at $3,305,000 after purchasing an additional 223 shares in the last quarter. Loomis Sayles & Co. L P grew its position in Ulta Beauty by 38.6% in the first quarter. Loomis Sayles & Co. L P now owns 1,117 shares of the specialty retailer’s stock valued at $444,000 after purchasing an additional 311 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in Ulta Beauty by 59.1% in the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 26 shares in the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.
Ulta Beauty Stock Down 13.4 %
Shares of NASDAQ ULTA opened at $420.27 on Monday. Ulta Beauty, Inc. has a 52 week low of $360.58 and a 52 week high of $556.60. The firm’s fifty day moving average is $520.61 and its 200 day moving average is $499.51. The company has a market cap of $20.93 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 1.36 and a beta of 1.31.
Analyst Ratings Changes
A number of research analysts recently weighed in on ULTA shares. UBS Group raised their target price on shares of Ulta Beauty from $590.00 to $640.00 in a research report on Thursday, May 11th. Stifel Nicolaus dropped their target price on shares of Ulta Beauty from $525.00 to $475.00 in a research report on Friday. Canaccord Genuity Group started coverage on shares of Ulta Beauty in a report on Tuesday, March 28th. They set a “buy” rating and a $622.00 target price on the stock. Loop Capital reduced their target price on shares of Ulta Beauty from $535.00 to $490.00 in a report on Friday. Finally, Credit Suisse Group upped their price objective on shares of Ulta Beauty from $535.00 to $580.00 and gave the company an “outperform” rating in a research note on Friday, March 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Ulta Beauty presently has an average rating of “Moderate Buy” and an average price target of $548.71.
Insider Buying and Selling at Ulta Beauty
In other Ulta Beauty news, Director Mike C. Smith sold 400 shares of the business’s stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $521.63, for a total transaction of $208,652.00. Following the transaction, the director now directly owns 1,531 shares of the company’s stock, valued at approximately $798,615.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Anita Jane Ryan sold 1,255 shares of the stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $544.69, for a total value of $683,585.95. Following the completion of the sale, the insider now directly owns 2,491 shares of the company’s stock, valued at approximately $1,356,822.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mike C. Smith sold 400 shares of the stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $521.63, for a total transaction of $208,652.00. Following the sale, the director now directly owns 1,531 shares of the company’s stock, valued at $798,615.53. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,355 shares of company stock valued at $3,821,507. 2.00% of the stock is currently owned by company insiders.
Ulta Beauty Company Profile
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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