Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC cut its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 15.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 113,538 shares of the specialty retailer’s stock after selling 21,442 shares during the quarter. Anchor Capital Advisors LLC owned 0.24% of Ulta Beauty worth $43,811,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Ulta Beauty during the fourth quarter worth approximately $263,192,000. Global Assets Advisory LLC acquired a new position in shares of Ulta Beauty in the 1st quarter worth $176,753,000. TD Asset Management Inc raised its position in shares of Ulta Beauty by 177.8% during the fourth quarter. TD Asset Management Inc now owns 407,347 shares of the specialty retailer’s stock worth $199,596,000 after purchasing an additional 260,740 shares during the period. Los Angeles Capital Management LLC lifted its holdings in shares of Ulta Beauty by 210.4% during the first quarter. Los Angeles Capital Management LLC now owns 271,550 shares of the specialty retailer’s stock valued at $141,988,000 after purchasing an additional 184,060 shares during the last quarter. Finally, Boston Partners boosted its position in shares of Ulta Beauty by 47.7% in the 1st quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock valued at $246,862,000 after purchasing an additional 153,727 shares during the period. Institutional investors own 90.39% of the company’s stock.

Insider Activity

In related news, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total transaction of $39,008.00. Following the transaction, the director now directly owns 2,017 shares in the company, valued at $786,791.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Jodi J. Caro sold 650 shares of Ulta Beauty stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total transaction of $252,642.00. Following the sale, the insider now directly owns 6,801 shares in the company, valued at approximately $2,643,412.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Catherine Ann Halligan sold 100 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total transaction of $39,008.00. Following the completion of the transaction, the director now directly owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The disclosure for this sale can be found here. 0.39% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on ULTA. Barclays boosted their price objective on Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Telsey Advisory Group decreased their price target on shares of Ulta Beauty from $500.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Evercore ISI dropped their price objective on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, August 26th. Robert W. Baird cut their target price on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a research report on Friday, August 23rd. Finally, Piper Sandler restated a “neutral” rating and set a $356.00 price target (down from $404.00) on shares of Ulta Beauty in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Ulta Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $430.74.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $367.59 on Friday. The business’s 50-day simple moving average is $369.52 and its 200-day simple moving average is $419.37. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The firm has a market capitalization of $17.54 billion, a PE ratio of 14.34, a PEG ratio of 2.05 and a beta of 1.31.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.47 by ($0.17). The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.02 EPS. Research analysts forecast that Ulta Beauty, Inc. will post 23.24 earnings per share for the current year.

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.