Advisory Services Network LLC Sells 1,011 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Advisory Services Network LLC cut its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) by 11.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,633 shares of the specialty retailer’s stock after selling 1,011 shares during the quarter. Advisory Services Network LLC’s holdings in Ulta Beauty were worth $3,740,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Morgan Stanley increased its stake in shares of Ulta Beauty by 56.7% during the 3rd quarter. Morgan Stanley now owns 1,538,533 shares of the specialty retailer’s stock worth $614,568,000 after purchasing an additional 556,809 shares during the last quarter. Northern Trust Corp increased its stake in shares of Ulta Beauty by 3.9% during the 3rd quarter. Northern Trust Corp now owns 575,658 shares of the specialty retailer’s stock worth $229,947,000 after purchasing an additional 21,828 shares during the last quarter. Invesco Ltd. increased its stake in shares of Ulta Beauty by 6.2% during the 3rd quarter. Invesco Ltd. now owns 570,913 shares of the specialty retailer’s stock worth $228,051,000 after purchasing an additional 33,508 shares during the last quarter. Norges Bank acquired a new position in shares of Ulta Beauty during the 4th quarter worth about $263,192,000. Finally, Boston Partners increased its stake in shares of Ulta Beauty by 86.5% during the 3rd quarter. Boston Partners now owns 342,547 shares of the specialty retailer’s stock worth $136,451,000 after purchasing an additional 158,897 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Trading Up 1.5 %

NASDAQ:ULTA traded up $5.64 on Friday, hitting $381.78. The company had a trading volume of 969,385 shares, compared to its average volume of 709,590. The stock has a market capitalization of $18.30 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 1.58 and a beta of 1.36. The firm has a 50 day moving average of $438.47 and a two-hundred day moving average of $470.88. Ulta Beauty, Inc. has a 52 week low of $368.02 and a 52 week high of $574.76.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last issued its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $8.08 EPS for the quarter, beating the consensus estimate of $7.49 by $0.59. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.53 billion. Ulta Beauty had a net margin of 11.52% and a return on equity of 61.64%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.68 EPS. As a group, equities analysts forecast that Ulta Beauty, Inc. will post 26.35 EPS for the current year.

Ulta Beauty declared that its Board of Directors has initiated a stock buyback plan on Thursday, March 14th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the specialty retailer to purchase up to 7.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Insider Activity at Ulta Beauty

In related news, COO Kecia Steelman sold 20,950 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $526.39, for a total value of $11,027,870.50. Following the completion of the transaction, the chief operating officer now owns 10,494 shares of the company’s stock, valued at approximately $5,523,936.66. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Ulta Beauty news, COO Kecia Steelman sold 20,950 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $526.39, for a total value of $11,027,870.50. Following the completion of the transaction, the chief operating officer now directly owns 10,494 shares in the company, valued at approximately $5,523,936.66. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Anita Jane Ryan sold 3,102 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $525.25, for a total transaction of $1,629,325.50. Following the completion of the transaction, the insider now owns 2,705 shares of the company’s stock, valued at $1,420,801.25. The disclosure for this sale can be found here. Insiders sold a total of 24,552 shares of company stock valued at $12,920,326 in the last quarter. Insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on ULTA. Loop Capital upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $540.00 price objective on the stock in a research note on Monday, April 8th. Raymond James decreased their price target on shares of Ulta Beauty from $630.00 to $610.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 3rd. DA Davidson reiterated a “buy” rating and issued a $595.00 price target on shares of Ulta Beauty in a research note on Friday, March 15th. Citigroup decreased their price target on shares of Ulta Beauty from $485.00 to $400.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Ulta Beauty from $574.00 to $627.00 in a research note on Friday, March 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Ulta Beauty currently has a consensus rating of “Moderate Buy” and a consensus price target of $525.86.

Check Out Our Latest Report on Ulta Beauty

Ulta Beauty Profile

(Free Report)

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.

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

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