Sei Investments Co. reduced its stake in Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 3.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,989 shares of the specialty retailer’s stock after selling 1,899 shares during the period. Sei Investments Co. owned approximately 0.10% of Ulta Beauty worth $19,569,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of Ulta Beauty by 125.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,530,543 shares of the specialty retailer’s stock worth $717,932,000 after purchasing an additional 852,258 shares during the last quarter. Morgan Stanley grew its holdings in shares of Ulta Beauty by 69.7% during the fourth quarter. Morgan Stanley now owns 1,133,168 shares of the specialty retailer’s stock worth $531,535,000 after buying an additional 465,616 shares during the last quarter. Holocene Advisors LP purchased a new position in shares of Ulta Beauty during the second quarter worth about $207,721,000. Norges Bank purchased a new position in shares of Ulta Beauty during the fourth quarter worth about $205,146,000. Finally, BlackRock Inc. grew its holdings in shares of Ulta Beauty by 9.5% during the second quarter. BlackRock Inc. now owns 4,236,208 shares of the specialty retailer’s stock worth $1,993,538,000 after buying an additional 367,437 shares during the last quarter. 92.30% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, Director Lorna Nagler sold 500 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $488.18, for a total value of $244,090.00. Following the sale, the director now owns 6,529 shares in the company, valued at approximately $3,187,327.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Ulta Beauty news, insider Jodi J. Caro sold 1,804 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $490.02, for a total value of $883,996.08. Following the completion of the transaction, the insider now owns 5,590 shares in the company, valued at approximately $2,739,211.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lorna Nagler sold 500 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $488.18, for a total transaction of $244,090.00. Following the completion of the transaction, the director now owns 6,529 shares of the company’s stock, valued at approximately $3,187,327.22. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of research firms recently issued reports on ULTA. Telsey Advisory Group reissued an “outperform” rating and set a $600.00 price target on shares of Ulta Beauty in a report on Monday, November 27th. Argus raised their price objective on shares of Ulta Beauty from $500.00 to $545.00 and gave the company a “buy” rating in a research report on Wednesday, December 6th. Robert W. Baird raised their price objective on shares of Ulta Beauty from $550.00 to $560.00 and gave the company an “outperform” rating in a research report on Friday, December 1st. DA Davidson raised their price objective on shares of Ulta Beauty from $495.00 to $530.00 and gave the company a “buy” rating in a research report on Friday, December 1st. Finally, Citigroup raised their price objective on shares of Ulta Beauty from $440.00 to $485.00 and gave the company a “neutral” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $535.35.
Check Out Our Latest Stock Report on Ulta Beauty
Ulta Beauty Price Performance
Shares of ULTA stock opened at $540.22 on Monday. Ulta Beauty, Inc. has a 12 month low of $368.02 and a 12 month high of $563.17. The firm has a market capitalization of $26.23 billion, a P/E ratio of 21.92, a P/E/G ratio of 2.26 and a beta of 1.31. The company’s fifty day moving average price is $511.05 and its two-hundred day moving average price is $451.25.
Ulta Beauty Company Profile
Ulta Beauty, Inc operate specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services in the United States. It offers broad assortment of branded and private label beauty products including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools; and salon services, including hair, skin, makeup, and brow services, as well as nail services.
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