Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. cut its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 9.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,700 shares of the specialty retailer’s stock after selling 1,800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Ulta Beauty were worth $6,488,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in Ulta Beauty by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,199,935 shares of the specialty retailer’s stock worth $520,587,000 after purchasing an additional 11,205 shares during the last quarter. Capital World Investors acquired a new position in Ulta Beauty during the fourth quarter worth $430,674,000. Deutsche Bank AG raised its holdings in Ulta Beauty by 1.4% during the fourth quarter. Deutsche Bank AG now owns 655,561 shares of the specialty retailer’s stock worth $285,123,000 after purchasing an additional 9,291 shares during the last quarter. Northern Trust Corp raised its holdings in Ulta Beauty by 14.7% during the fourth quarter. Northern Trust Corp now owns 562,155 shares of the specialty retailer’s stock worth $244,498,000 after purchasing an additional 72,004 shares during the last quarter. Finally, Norges Bank acquired a new position in Ulta Beauty during the fourth quarter worth $239,432,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Truist Financial lifted their price objective on Ulta Beauty from $364.00 to $386.00 and gave the stock a “neutral” rating in a report on Thursday, May 15th. Morgan Stanley raised their price target on Ulta Beauty from $460.00 to $550.00 and gave the stock an “overweight” rating in a research report on Friday, May 30th. Barclays raised their price target on Ulta Beauty from $327.00 to $485.00 and gave the stock an “equal weight” rating in a research report on Monday, June 2nd. Evercore ISI raised their price target on Ulta Beauty from $465.00 to $490.00 and gave the stock an “outperform” rating in a research report on Friday, May 30th. Finally, Stifel Nicolaus dropped their price target on Ulta Beauty from $475.00 to $400.00 and set a “hold” rating for the company in a research report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $462.22.

Insiders Place Their Bets

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the transaction, the insider now owns 7,632 shares in the company, valued at $2,817,429.12. The trade was a 10.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.17% of the stock is currently owned by insiders.

Ulta Beauty Trading Up 2.8%

ULTA stock opened at $471.94 on Tuesday. The stock has a 50-day moving average price of $408.25 and a two-hundred day moving average price of $396.36. Ulta Beauty, Inc. has a 12-month low of $309.01 and a 12-month high of $491.98. The company has a market cap of $21.21 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 0.89 and a beta of 1.09.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.73 by $0.97. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter in the previous year, the business earned $6.47 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Ulta Beauty Company Profile

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.