Mn Services Vermogensbeheer B.V. Sells 1,800 Shares of Ulta Beauty Inc. (NASDAQ:ULTA)

Mn Services Vermogensbeheer B.V. cut its holdings in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 9.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,700 shares of the specialty retailer's stock after selling 1,800 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Ulta Beauty were worth $6,488,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ULTA. North Star Investment Management Corp. boosted its position in shares of Ulta Beauty by 71.4% in the 1st quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 40 shares during the last quarter. Brighton Jones LLC boosted its stake in Ulta Beauty by 11.8% during the 1st quarter. Brighton Jones LLC now owns 2,044 shares of the specialty retailer's stock worth $749,000 after acquiring an additional 216 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in Ulta Beauty by 28.1% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,195 shares of the specialty retailer's stock worth $805,000 after acquiring an additional 481 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in Ulta Beauty by 79.3% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 9,603 shares of the specialty retailer's stock worth $3,520,000 after acquiring an additional 4,247 shares during the last quarter. Finally, Ritholtz Wealth Management bought a new position in Ulta Beauty during the 1st quarter worth approximately $631,000. 90.39% of the stock is owned by institutional investors.

Insider Activity at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the transaction, the insider now owns 7,632 shares in the company, valued at approximately $2,817,429.12. This represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. DA Davidson lifted their target price on Ulta Beauty from $415.00 to $485.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Bank of America dropped their target price on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. B. Riley dropped their target price on shares of Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Truist Financial upped their target price on shares of Ulta Beauty from $364.00 to $386.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. Finally, The Goldman Sachs Group upgraded Ulta Beauty from a "neutral" rating to a "buy" rating and upped their price objective for the company from $384.00 to $423.00 in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $462.22.

Ulta Beauty Price Performance

ULTA stock traded up $1.71 during midday trading on Wednesday, reaching $473.46. 627,470 shares of the stock were exchanged, compared to its average volume of 1,043,987. The stock has a market capitalization of $21.28 billion, a PE ratio of 18.49, a P/E/G ratio of 2.79 and a beta of 1.09. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $491.98. The company has a fifty day moving average price of $410.42 and a 200 day moving average price of $396.88.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, beating the consensus estimate of $5.73 by $0.97. The business had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.79 billion. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%. The firm's revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $6.47 earnings per share. As a group, analysts anticipate 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.