Ulta Beauty Inc (ULTA) Holdings Raised by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB increased its position in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 2.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,322 shares of the specialty retailer’s stock after buying an additional 300 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Ulta Beauty were worth $2,517,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ULTA. HS Management Partners LLC grew its holdings in shares of Ulta Beauty by 208.7% during the fourth quarter. HS Management Partners LLC now owns 699,365 shares of the specialty retailer’s stock worth $156,420,000 after buying an additional 472,850 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Ulta Beauty by 1,094.2% during the fourth quarter. Millennium Management LLC now owns 362,115 shares of the specialty retailer’s stock worth $80,991,000 after buying an additional 331,792 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Ulta Beauty by 111.3% during the fourth quarter. TIAA CREF Investment Management LLC now owns 591,905 shares of the specialty retailer’s stock worth $132,385,000 after buying an additional 311,725 shares in the last quarter. Two Creeks Capital Management LP bought a new position in shares of Ulta Beauty during the fourth quarter worth about $64,358,000. Finally, Champlain Investment Partners LLC bought a new position in shares of Ulta Beauty during the fourth quarter worth about $57,681,000. Institutional investors and hedge funds own 90.07% of the company’s stock.

In other news, Director Charles J. Philippin sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $251.00, for a total value of $12,550,000.00. Following the completion of the sale, the director now directly owns 130,923 shares of the company’s stock, valued at $32,861,673. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Vanessa Ames Wittman sold 600 shares of the firm’s stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $249.94, for a total value of $149,964.00. Following the completion of the sale, the director now directly owns 2,785 shares of the company’s stock, valued at $696,082.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 118,218 shares of company stock valued at $28,152,651. Insiders own 5.60% of the company’s stock.



A number of research firms recently issued reports on ULTA. BMO Capital Markets increased their price objective on Ulta Beauty from $220.00 to $230.00 and gave the stock a “market perform” rating in a report on Friday, June 1st. Piper Jaffray Companies set a $212.00 price objective on Ulta Beauty and gave the stock a “hold” rating in a report on Thursday, March 15th. Vetr downgraded Ulta Beauty from a “buy” rating to a “hold” rating and set a $206.73 price objective for the company. in a report on Monday, March 12th. Telsey Advisory Group reiterated an “outperform” rating and set a $260.00 price objective (down from $300.00) on shares of Ulta Beauty in a report on Friday, March 16th. Finally, Oppenheimer upgraded Ulta Beauty from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 15th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Ulta Beauty presently has a consensus rating of “Buy” and a consensus target price of $264.96.

Shares of NASDAQ ULTA opened at $249.76 on Monday. Ulta Beauty Inc has a 52 week low of $187.96 and a 52 week high of $291.56. The company has a market cap of $15.07 billion, a P/E ratio of 30.61, a P/E/G ratio of 1.24 and a beta of 0.62.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, May 31st. The specialty retailer reported $2.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.48 by $0.22. Ulta Beauty had a return on equity of 32.15% and a net margin of 9.67%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the firm posted $1.91 earnings per share. The business’s revenue was up 17.4% on a year-over-year basis. equities analysts predict that Ulta Beauty Inc will post 10.84 EPS for the current fiscal year.

Ulta Beauty announced that its board has initiated a share buyback plan on Thursday, March 15th that allows the company to repurchase $625.00 million in shares. This repurchase authorization allows the specialty retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

About Ulta Beauty

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

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