Sumitomo Mitsui Trust Holdings Inc. Reduces Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Sumitomo Mitsui Trust Holdings Inc. decreased its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 4.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 169,731 shares of the specialty retailer’s stock after selling 8,229 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Ulta Beauty were worth $52,476,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in ULTA. Sei Investments Co. boosted its holdings in shares of Ulta Beauty by 30.4% in the 3rd quarter. Sei Investments Co. now owns 82,889 shares of the specialty retailer’s stock worth $18,564,000 after purchasing an additional 19,342 shares during the period. Louisiana State Employees Retirement System boosted its holdings in Ulta Beauty by 20.7% during the 4th quarter. Louisiana State Employees Retirement System now owns 3,500 shares of the specialty retailer’s stock valued at $1,005,000 after acquiring an additional 600 shares during the period. Huntington National Bank boosted its holdings in Ulta Beauty by 48.5% during the 4th quarter. Huntington National Bank now owns 536 shares of the specialty retailer’s stock valued at $154,000 after acquiring an additional 175 shares during the period. Scout Investments Inc. boosted its holdings in Ulta Beauty by 17.3% during the 4th quarter. Scout Investments Inc. now owns 69,879 shares of the specialty retailer’s stock valued at $20,066,000 after acquiring an additional 10,318 shares during the period. Finally, Sheets Smith Wealth Management boosted its holdings in Ulta Beauty by 3.6% during the 4th quarter. Sheets Smith Wealth Management now owns 13,929 shares of the specialty retailer’s stock valued at $4,000,000 after acquiring an additional 479 shares during the period. Hedge funds and other institutional investors own 86.83% of the company’s stock.

Shares of NASDAQ:ULTA opened at $302.26 on Thursday. The business’s 50-day moving average is $320.23 and its 200 day moving average is $295.23. Ulta Beauty, Inc. has a 1 year low of $186.01 and a 1 year high of $351.00. The firm has a market capitalization of $16.74 billion, a P/E ratio of 76.33, a P/E/G ratio of 6.44 and a beta of 1.73.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Wednesday, March 10th. The specialty retailer reported $3.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $1.14. Ulta Beauty had a return on equity of 15.94% and a net margin of 3.63%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same period in the prior year, the company posted $3.89 EPS. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, equities analysts predict that Ulta Beauty, Inc. will post 3.94 earnings per share for the current fiscal year.

A number of research firms recently issued reports on ULTA. BMO Capital Markets boosted their price objective on Ulta Beauty from $265.00 to $310.00 and gave the company a “market perform” rating in a report on Friday, March 12th. Guggenheim restated a “neutral” rating on shares of Ulta Beauty in a report on Monday, March 22nd. OTR Global upgraded Ulta Beauty to a “positive” rating in a report on Friday, March 5th. Credit Suisse Group upped their target price on Ulta Beauty from $308.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, March 18th. Finally, Loop Capital upped their target price on Ulta Beauty from $280.00 to $320.00 and gave the stock a “hold” rating in a report on Monday, March 22nd. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $323.52.

In other news, Director Charles Heilbronn sold 226,791 shares of the stock in a transaction dated Friday, March 26th. The stock was sold at an average price of $304.23, for a total value of $68,996,625.93. Following the transaction, the director now directly owns 60,963 shares of the company’s stock, valued at $18,546,773.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lorna Nagler sold 4,000 shares of the stock in a transaction dated Wednesday, March 17th. The shares were sold at an average price of $315.90, for a total value of $1,263,600.00. Following the completion of the transaction, the director now directly owns 10,963 shares in the company, valued at $3,463,211.70. The disclosure for this sale can be found here. Insiders have sold a total of 820,644 shares of company stock worth $256,177,793 over the last ninety days. 4.70% of the stock is currently owned by corporate insiders.

Ulta Beauty Company Profile

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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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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