Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 95.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,354 shares of the specialty retailer’s stock after selling 78,301 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Ulta Beauty were worth $1,294,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Nvwm LLC boosted its holdings in Ulta Beauty by 2.1% in the 4th quarter. Nvwm LLC now owns 1,043 shares of the specialty retailer’s stock valued at $511,000 after purchasing an additional 21 shares during the last quarter. Manchester Capital Management LLC increased its holdings in shares of Ulta Beauty by 41.2% during the 4th quarter. Manchester Capital Management LLC now owns 72 shares of the specialty retailer’s stock worth $35,000 after buying an additional 21 shares during the last quarter. Janiczek Wealth Management LLC raised its position in shares of Ulta Beauty by 32.5% during the 1st quarter. Janiczek Wealth Management LLC now owns 102 shares of the specialty retailer’s stock valued at $53,000 after buying an additional 25 shares during the period. Bfsg LLC lifted its holdings in Ulta Beauty by 0.4% in the first quarter. Bfsg LLC now owns 6,284 shares of the specialty retailer’s stock valued at $3,286,000 after acquiring an additional 26 shares during the last quarter. Finally, Commerce Bank grew its position in Ulta Beauty by 1.0% in the fourth quarter. Commerce Bank now owns 2,742 shares of the specialty retailer’s stock worth $1,344,000 after acquiring an additional 26 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Transactions at Ulta Beauty

In related news, Director Catherine Ann Halligan sold 100 shares of the stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total value of $39,008.00. Following the transaction, the director now directly owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the completion of the sale, the director now directly owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jodi J. Caro sold 650 shares of the firm’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 transaction, the insider now owns 6,801 shares in the company, valued at approximately $2,643,412.68. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

ULTA has been the topic of a number of research analyst reports. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Telsey Advisory Group reduced their price objective on shares of Ulta Beauty from $500.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. BMO Capital Markets lowered their target price on shares of Ulta Beauty from $500.00 to $385.00 and set a “market perform” rating for the company in a research note on Friday, August 30th. Barclays lifted their price target on shares of Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Finally, DA Davidson decreased their price objective on shares of Ulta Beauty from $507.00 to $435.00 and set a “buy” rating on the stock in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $430.74.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $358.80 on Wednesday. The firm has a market capitalization of $16.91 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 2.04 and a beta of 1.31. The business’s fifty day moving average price is $370.89 and its 200 day moving average price is $422.20. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.02 EPS. As a group, equities analysts anticipate that Ulta Beauty, Inc. will post 23.03 EPS for the current year.

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.