Wellington Management Group LLP Has $4.96 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Wellington Management Group LLP lifted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,130 shares of the specialty retailer’s stock after purchasing an additional 334 shares during the period. Wellington Management Group LLP’s holdings in Ulta Beauty were worth $4,964,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. O Shaughnessy Asset Management LLC raised its stake in Ulta Beauty by 47.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 3,052 shares of the specialty retailer’s stock valued at $1,219,000 after buying an additional 985 shares during the period. Tower Research Capital LLC TRC boosted its position in Ulta Beauty by 127.4% during the third quarter. Tower Research Capital LLC TRC now owns 3,004 shares of the specialty retailer’s stock worth $1,200,000 after purchasing an additional 1,683 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Ulta Beauty by 38.9% in the third quarter. Jones Financial Companies Lllp now owns 561 shares of the specialty retailer’s stock valued at $224,000 after purchasing an additional 157 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Ulta Beauty by 15.9% in the third quarter. AQR Capital Management LLC now owns 293,126 shares of the specialty retailer’s stock valued at $117,089,000 after purchasing an additional 40,166 shares during the period. Finally, Wahed Invest LLC lifted its stake in shares of Ulta Beauty by 8.4% during the 3rd quarter. Wahed Invest LLC now owns 784 shares of the specialty retailer’s stock worth $313,000 after buying an additional 61 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ULTA has been the topic of a number of research reports. BMO Capital Markets decreased their price target on shares of Ulta Beauty from $540.00 to $500.00 and set a “market perform” rating on the stock in a research note on Friday, May 31st. Oppenheimer dropped their price target on Ulta Beauty from $500.00 to $475.00 and set an “outperform” rating for the company in a report on Tuesday, May 7th. Barclays decreased their price objective on Ulta Beauty from $394.00 to $355.00 and set an “equal weight” rating on the stock in a report on Friday. Morgan Stanley increased their price objective on Ulta Beauty from $480.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Friday, March 15th. Finally, Loop Capital raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $540.00 target price for the company in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $503.87.

Check Out Our Latest Stock Report on Ulta Beauty

Ulta Beauty Price Performance

ULTA stock opened at $385.87 on Friday. The stock has a market cap of $18.41 billion, a price-to-earnings ratio of 15.05, a P/E/G ratio of 1.68 and a beta of 1.36. The company has a 50 day simple moving average of $392.42 and a 200 day simple moving average of $462.92. Ulta Beauty, Inc. has a 1 year low of $368.02 and a 1 year high of $574.76.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last announced its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.19 by $0.28. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.72 billion. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $6.88 earnings per share. On average, equities research analysts anticipate that Ulta Beauty, Inc. will post 25.76 EPS for the current fiscal year.

Ulta Beauty declared that its board has initiated a stock buyback plan on Thursday, March 14th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the specialty retailer to reacquire up to 7.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Activity

In other news, insider Jodi J. Caro sold 650 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total value of $252,642.00. Following the completion of the transaction, the insider now owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.39% of the company’s stock.

Ulta Beauty Profile

(Free Report)

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.

See Also

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

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