Assetmark Inc. Has $3.63 Million Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Assetmark Inc. reduced its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 9.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,406 shares of the specialty retailer’s stock after selling 740 shares during the period. Assetmark Inc.’s holdings in Ulta Beauty were worth $3,629,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB boosted its position in Ulta Beauty by 347.3% during the 4th quarter. Nordea Investment Management AB now owns 71,491 shares of the specialty retailer’s stock worth $35,061,000 after acquiring an additional 55,508 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Ulta Beauty in the fourth quarter valued at about $1,810,000. Charles Schwab Investment Management Inc. raised its holdings in Ulta Beauty by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 284,442 shares of the specialty retailer’s stock worth $113,620,000 after acquiring an additional 2,126 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in Ulta Beauty by 6.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 27,037 shares of the specialty retailer’s stock valued at $13,248,000 after purchasing an additional 1,662 shares in the last quarter. Finally, Warther Private Wealth LLC acquired a new position in shares of Ulta Beauty during the 4th quarter worth approximately $6,023,000. Institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In other Ulta Beauty news, insider Anita Jane Ryan sold 3,102 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $525.25, for a total value of $1,629,325.50. Following the transaction, the insider now directly owns 2,705 shares of the company’s stock, valued at $1,420,801.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Catherine Ann Halligan sold 500 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $526.26, for a total transaction of $263,130.00. Following the transaction, the director now directly owns 1,665 shares in the company, valued at $876,222.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Anita Jane Ryan sold 3,102 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $525.25, for a total transaction of $1,629,325.50. Following the completion of the sale, the insider now owns 2,705 shares of the company’s stock, valued at approximately $1,420,801.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,552 shares of company stock worth $12,920,326. Corporate insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ULTA. Loop Capital upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $540.00 target price on the stock in a report on Monday, April 8th. Piper Sandler reduced their price target on Ulta Beauty from $595.00 to $505.00 and set an “overweight” rating for the company in a report on Monday, May 20th. Robert W. Baird raised their price objective on Ulta Beauty from $575.00 to $625.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Citigroup decreased their target price on Ulta Beauty from $485.00 to $400.00 and set a “neutral” rating on the stock in a report on Friday. Finally, UBS Group raised their price target on Ulta Beauty from $575.00 to $690.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $525.86.

Ulta Beauty Stock Up 1.5 %

ULTA traded up $5.64 during midday trading on Friday, hitting $381.78. 969,385 shares of the company were exchanged, compared to its average volume of 709,590. The firm has a market capitalization of $18.30 billion, a P/E ratio of 14.66, a P/E/G ratio of 1.56 and a beta of 1.36. The firm’s 50 day moving average price is $438.47 and its 200-day moving average price is $470.35. Ulta Beauty, Inc. has a 1-year low of $368.02 and a 1-year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, March 14th. The specialty retailer reported $8.08 EPS for the quarter, topping the consensus estimate of $7.49 by $0.59. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Ulta Beauty had a return on equity of 61.64% and a net margin of 11.52%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $6.68 earnings per share. On average, sell-side analysts predict that Ulta Beauty, Inc. will post 26.41 earnings per share for the current fiscal year.

Ulta Beauty declared that its Board of Directors has initiated a share repurchase plan on Thursday, March 14th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the specialty retailer to buy up to 7.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.