O Brien Greene & Co. Inc reduced its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 91.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,400 shares of the specialty retailer’s stock after selling 15,439 shares during the quarter. O Brien Greene & Co. Inc’s holdings in Ulta Beauty were worth $433,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. CIBC Private Wealth Group LLC lifted its stake in Ulta Beauty by 0.8% in the 1st quarter. CIBC Private Wealth Group LLC now owns 15,398 shares of the specialty retailer’s stock valued at $4,761,000 after acquiring an additional 117 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in Ulta Beauty by 571.3% during the first quarter. Panagora Asset Management Inc. now owns 22,174 shares of the specialty retailer’s stock worth $6,856,000 after purchasing an additional 18,871 shares during the last quarter. South State CORP. grew its position in Ulta Beauty by 5.6% in the first quarter. South State CORP. now owns 7,560 shares of the specialty retailer’s stock valued at $2,337,000 after purchasing an additional 400 shares in the last quarter. E Fund Management Co. Ltd. bought a new stake in Ulta Beauty during the first quarter worth about $31,000. Finally, Norinchukin Bank The raised its stake in shares of Ulta Beauty by 1.7% during the 1st quarter. Norinchukin Bank The now owns 4,689 shares of the specialty retailer’s stock worth $1,450,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.
A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on Ulta Beauty from $357.00 to $379.00 and gave the stock an “overweight” rating in a research report on Thursday, May 27th. BMO Capital Markets boosted their target price on Ulta Beauty from $265.00 to $310.00 and gave the stock a “market perform” rating in a report on Friday, March 12th. Stifel Nicolaus raised their price target on Ulta Beauty from $285.00 to $330.00 and gave the company a “hold” rating in a report on Friday, May 28th. UBS Group lifted their price objective on shares of Ulta Beauty from $360.00 to $380.00 and gave the stock a “buy” rating in a research report on Monday, May 17th. Finally, Morgan Stanley increased their price objective on shares of Ulta Beauty from $330.00 to $350.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 1st. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $338.09.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Wednesday, May 26th. The specialty retailer reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $2.18. Ulta Beauty had a net margin of 2.86% and a return on equity of 14.32%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the firm posted ($1.39) earnings per share. The firm’s quarterly revenue was up 65.2% compared to the same quarter last year. Equities analysts anticipate that Ulta Beauty, Inc. will post 9.86 EPS for the current year.
In related news, Director Charles Heilbronn sold 226,791 shares of the company’s stock in a transaction that occurred on Friday, March 26th. The shares were sold at an average price of $304.23, for a total transaction of $68,996,625.93. Following the completion of the transaction, the director now directly owns 60,963 shares in the company, valued at approximately $18,546,773.49. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lorna Nagler sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 17th. The shares were sold at an average price of $315.90, for a total transaction of $1,263,600.00. Following the completion of the transaction, the director now directly owns 10,963 shares of the company’s stock, valued at approximately $3,463,211.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 907,170 shares of company stock worth $284,391,333. Corporate insiders own 4.70% of the company’s stock.
About Ulta Beauty
Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.
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