Ulta Beauty Inc. (NASDAQ:ULTA) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its holdings in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 394.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,236 shares of the specialty retailer's stock after acquiring an additional 33,688 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.09% of Ulta Beauty worth $15,481,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Golden State Wealth Management LLC increased its holdings in shares of Ulta Beauty by 112.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,134 shares of the specialty retailer's stock worth $416,000 after buying an additional 599 shares during the last quarter. Spire Wealth Management increased its holdings in shares of Ulta Beauty by 643.5% during the 1st quarter. Spire Wealth Management now owns 7,494 shares of the specialty retailer's stock worth $2,747,000 after buying an additional 6,486 shares during the last quarter. Mattern Capital Management LLC increased its holdings in shares of Ulta Beauty by 15.7% during the 1st quarter. Mattern Capital Management LLC now owns 2,027 shares of the specialty retailer's stock worth $743,000 after buying an additional 275 shares during the last quarter. Global Assets Advisory LLC increased its holdings in shares of Ulta Beauty by 197.8% during the 1st quarter. Global Assets Advisory LLC now owns 3,600 shares of the specialty retailer's stock worth $1,278,000 after buying an additional 2,391 shares during the last quarter. Finally, Moran Wealth Management LLC increased its holdings in shares of Ulta Beauty by 2.3% during the 1st quarter. Moran Wealth Management LLC now owns 15,378 shares of the specialty retailer's stock worth $5,637,000 after buying an additional 339 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Transactions at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the sale, the insider now directly owns 7,632 shares in the company, valued at $2,817,429.12. This trade represents a 10.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.17% of the company's stock.

Ulta Beauty Stock Up 0.1%

Shares of ULTA stock opened at $458.27 on Friday. The stock has a market capitalization of $20.60 billion, a PE ratio of 17.90, a P/E/G ratio of 2.76 and a beta of 1.09. The firm has a 50 day moving average of $427.68 and a two-hundred day moving average of $400.09. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $491.98.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.73 by $0.97. The business had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $2.79 billion. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $6.47 EPS. Analysts expect that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ULTA. Piper Sandler restated a "neutral" rating and set a $437.00 price target (up previously from $386.00) on shares of Ulta Beauty in a report on Friday, May 30th. Argus downgraded shares of Ulta Beauty from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Barclays raised their price target on shares of Ulta Beauty from $327.00 to $485.00 and gave the stock an "equal weight" rating in a report on Monday, June 2nd. Robert W. Baird raised their price target on shares of Ulta Beauty from $440.00 to $525.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Ulta Beauty from $477.00 to $525.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Ulta Beauty currently has an average rating of "Moderate Buy" and a consensus target price of $462.22.

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.

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