Virginia Retirement Systems ET AL lessened its stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 31.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,900 shares of the specialty retailer’s stock after selling 25,300 shares during the quarter. Virginia Retirement Systems ET AL owned 0.09% of Ulta Beauty worth $15,488,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of ULTA. IFM Investors Pty Ltd lifted its stake in shares of Ulta Beauty by 42.1% in the second quarter. IFM Investors Pty Ltd now owns 2,652 shares of the specialty retailer’s stock worth $619,000 after acquiring an additional 786 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Ulta Beauty by 17.6% in the second quarter. State of Alaska Department of Revenue now owns 17,457 shares of the specialty retailer’s stock worth $4,072,000 after acquiring an additional 2,610 shares in the last quarter. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Ulta Beauty in the second quarter worth about $3,198,000. Xact Kapitalforvaltning AB lifted its stake in shares of Ulta Beauty by 6.9% in the second quarter. Xact Kapitalforvaltning AB now owns 13,174 shares of the specialty retailer’s stock worth $3,076,000 after acquiring an additional 852 shares in the last quarter. Finally, Pennsylvania Trust Co acquired a new position in shares of Ulta Beauty in the second quarter worth about $527,000. Institutional investors own 90.66% of the company’s stock.
NASDAQ:ULTA opened at $290.51 on Thursday. The company has a market cap of $17.44 billion, a PE ratio of 35.60, a P/E/G ratio of 1.46 and a beta of 0.60. Ulta Beauty Inc has a 52 week low of $191.70 and a 52 week high of $297.76.
ULTA has been the topic of several recent analyst reports. Deutsche Bank set a $263.00 price target on Ulta Beauty and gave the stock a “buy” rating in a research note on Friday, November 2nd. BidaskClub raised Ulta Beauty from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. Zacks Investment Research lowered Ulta Beauty from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. Morgan Stanley boosted their price objective on Ulta Beauty from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, October 11th. Finally, UBS Group lowered their price objective on Ulta Beauty from $290.00 to $285.00 and set a “buy” rating for the company in a report on Friday, August 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $272.76.
In other news, Director Lorna Nagler sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $276.19, for a total transaction of $552,380.00. Following the completion of the transaction, the director now directly owns 7,923 shares in the company, valued at $2,188,253.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dennis K. Eck sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $287.15, for a total value of $10,050,250.00. Following the transaction, the director now owns 361,294 shares of the company’s stock, valued at $103,745,572.10. The disclosure for this sale can be found here. Insiders have sold 68,407 shares of company stock valued at $19,580,698 over the last ninety days. Corporate insiders own 5.60% of the company’s stock.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.
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