Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Pensioenfonds Rail & OV

Pensioenfonds Rail & OV trimmed its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 37.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,287 shares of the specialty retailer’s stock after selling 41,047 shares during the quarter. Pensioenfonds Rail & OV owned approximately 0.14% of Ulta Beauty worth $35,183,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ULTA. Northern Trust Corp boosted its stake in Ulta Beauty by 3.9% during the 3rd quarter. Northern Trust Corp now owns 575,658 shares of the specialty retailer’s stock valued at $229,947,000 after acquiring an additional 21,828 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in shares of Ulta Beauty by 1,124.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,874 shares of the specialty retailer’s stock worth $749,000 after buying an additional 1,721 shares during the last quarter. Cadence Bank lifted its position in shares of Ulta Beauty by 32.9% in the 3rd quarter. Cadence Bank now owns 1,662 shares of the specialty retailer’s stock worth $664,000 after buying an additional 411 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Ulta Beauty by 48.6% in the 3rd quarter. Parkside Financial Bank & Trust now owns 104 shares of the specialty retailer’s stock worth $42,000 after buying an additional 34 shares during the last quarter. Finally, Operose Advisors LLC bought a new position in shares of Ulta Beauty in the 3rd quarter worth about $121,000. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. DA Davidson restated a “buy” rating and issued a $595.00 price target on shares of Ulta Beauty in a research report on Friday, March 15th. Barclays cut shares of Ulta Beauty from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $612.00 to $434.00 in a report on Monday, April 29th. BMO Capital Markets dropped their price objective on shares of Ulta Beauty from $540.00 to $500.00 and set a “market perform” rating on the stock in a report on Friday, May 31st. TD Cowen dropped their price objective on shares of Ulta Beauty from $520.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Finally, Piper Sandler dropped their price objective on shares of Ulta Beauty from $505.00 to $498.00 and set an “overweight” rating on the stock in a report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $507.30.

Ulta Beauty Trading Down 0.1 %

Shares of ULTA traded down $0.31 during midday trading on Wednesday, hitting $387.88. The stock had a trading volume of 488,561 shares, compared to its average volume of 813,476. The firm has a market cap of $18.51 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 1.69 and a beta of 1.36. The business has a 50-day simple moving average of $394.49 and a two-hundred day simple moving average of $464.88. Ulta Beauty, Inc. has a fifty-two week low of $368.02 and a fifty-two week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.19 by $0.28. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the previous year, the company earned $6.88 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. On average, analysts expect that Ulta Beauty, Inc. will post 25.76 earnings per share for the current fiscal year.

Ulta Beauty declared that its Board of Directors has initiated a stock buyback program on Thursday, March 14th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to reacquire up to 7.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Ulta Beauty 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.