Primecap Management Co. CA Sells 190 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Primecap Management Co. CA trimmed its stake in Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,970 shares of the specialty retailer’s stock after selling 190 shares during the period. Primecap Management Co. CA owned approximately 0.14% of Ulta Beauty worth $33,305,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Nordea Investment Management AB increased its holdings in shares of Ulta Beauty by 347.3% in the 4th quarter. Nordea Investment Management AB now owns 71,491 shares of the specialty retailer’s stock worth $35,061,000 after buying an additional 55,508 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Ulta Beauty in the fourth quarter valued at $1,810,000. Charles Schwab Investment Management Inc. raised its position in Ulta Beauty by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 284,442 shares of the specialty retailer’s stock valued at $113,620,000 after purchasing an additional 2,126 shares in the last quarter. Illinois Municipal Retirement Fund lifted its stake in Ulta Beauty by 6.5% during the fourth quarter. Illinois Municipal Retirement Fund now owns 27,037 shares of the specialty retailer’s stock worth $13,248,000 after purchasing an additional 1,662 shares during the last quarter. Finally, Warther Private Wealth LLC purchased a new position in shares of Ulta Beauty in the 4th quarter worth about $6,023,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ulta Beauty

In other news, Director Catherine Ann Halligan sold 500 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $526.26, for a total value of $263,130.00. Following the transaction, the director now owns 1,665 shares of the company’s stock, valued at $876,222.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Catherine Ann Halligan sold 500 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $526.26, for a total transaction of $263,130.00. Following the completion of the transaction, the director now owns 1,665 shares in the company, valued at $876,222.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Anita Jane Ryan sold 3,102 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $525.25, for a total value of $1,629,325.50. Following the completion of the sale, the insider now owns 2,705 shares in the company, 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 three months. 0.39% of the stock is currently owned by corporate insiders.

Ulta Beauty Price Performance

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

Ulta Beauty (NASDAQ:ULTAGet Free Report) last posted its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $8.08 EPS for the quarter, beating analysts’ consensus estimates of $7.49 by $0.59. Ulta Beauty had a return on equity of 61.64% and a net margin of 11.52%. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same period last year, the firm earned $6.68 earnings per share. The business’s quarterly revenue was up 10.2% on a year-over-year basis. Sell-side analysts forecast that Ulta Beauty, Inc. will post 26.35 EPS for the current year.

Ulta Beauty announced that its Board of Directors has authorized a stock repurchase program on Thursday, March 14th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to reacquire up to 7.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. UBS Group boosted their price target on Ulta Beauty from $575.00 to $690.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Jefferies Financial Group lowered their price target on shares of Ulta Beauty from $438.00 to $412.00 and set a “hold” rating for the company in a research report on Friday. The Goldman Sachs Group dropped their target price on Ulta Beauty from $605.00 to $476.00 and set a “neutral” rating on the stock in a report on Tuesday, May 14th. Stifel Nicolaus lowered their price target on Ulta Beauty from $565.00 to $475.00 and set a “hold” rating for the company in a research report on Tuesday, May 14th. Finally, Barclays downgraded shares of Ulta Beauty from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $612.00 to $434.00 in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $525.86.

Read Our Latest Report on ULTA

About Ulta Beauty

(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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