Mn Services Vermogensbeheer B.V. Sells 800 Shares of Ulta Beauty Inc. $ULTA

Key Points

• Mn Services Vermogensbeheer B.V. reduced its stake in Ulta Beauty Inc. by 4.5%, selling 800 shares and now holding 16,900 shares valued at approximately $7.9 million.
• Analyst ratings for Ulta Beauty are predominantly positive, with the stock receiving one Strong Buy, thirteen Buy, and twelve Hold ratings, as well as a consensus target price of $543.13.
• Ulta Beauty reported a strong performance for its latest quarter, with earnings per share of $5.78, beating estimates, and a revenue increase of 9.3% year-over-year, totaling $2.79 billion.

Mn Services Vermogensbeheer B.V. cut its holdings in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 4.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,900 shares of the specialty retailer's stock after selling 800 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Ulta Beauty were worth $7,906,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ULTA. Price T Rowe Associates Inc. MD increased its position in shares of Ulta Beauty by 128.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer's stock worth $449,021,000 after purchasing an additional 688,267 shares during the period. GAMMA Investing LLC grew its stake in Ulta Beauty by 38,770.6% during the first quarter. GAMMA Investing LLC now owns 443,513 shares of the specialty retailer's stock worth $162,565,000 after buying an additional 442,372 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Ulta Beauty by 81.7% in the 1st quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer's stock valued at $334,871,000 after buying an additional 410,900 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Ulta Beauty by 64.8% during the first quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer's stock worth $341,453,000 after purchasing an additional 366,147 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Ulta Beauty by 5,117.0% in the first quarter. Pacer Advisors Inc. now owns 220,312 shares of the specialty retailer's stock valued at $80,753,000 after buying an additional 216,089 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wells Fargo & Company raised their target price on Ulta Beauty from $400.00 to $425.00 and gave the stock an "underweight" rating in a research report on Friday, August 29th. UBS Group increased their price objective on Ulta Beauty from $640.00 to $680.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Loop Capital restated a "hold" rating and set a $510.00 price objective on shares of Ulta Beauty in a report on Friday, July 25th. Cowen restated a "hold" rating on shares of Ulta Beauty in a research report on Friday, August 29th. Finally, Wall Street Zen raised shares of Ulta Beauty from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $543.13.

Insiders Place Their Bets

In related news, Director Mike C. Smith sold 500 shares of the firm's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $528.43, for a total value of $264,215.00. Following the transaction, the director directly owned 2,263 shares of the company's stock, valued at approximately $1,195,837.09. This trade represents a 18.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.17% of the company's stock.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA opened at $521.47 on Friday. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $539.00. The firm has a 50-day moving average of $514.04 and a 200 day moving average of $443.18. The stock has a market cap of $23.38 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 2.94 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, topping the consensus estimate of $5.03 by $0.75. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.66 billion. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The company's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $5.30 earnings per share. Research analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

About Ulta Beauty

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.

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