Wellington Management Group LLP Sells 3,338 Shares of Ulta Beauty Inc. $ULTA

Wellington Management Group LLP lessened its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 81.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 773 shares of the specialty retailer's stock after selling 3,338 shares during the quarter. Wellington Management Group LLP's holdings in Ulta Beauty were worth $283,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. American National Bank & Trust bought a new stake in shares of Ulta Beauty during the 1st quarter valued at about $29,000. Wayfinding Financial LLC bought a new stake in shares of Ulta Beauty during the 1st quarter valued at about $31,000. Rakuten Securities Inc. boosted its position in shares of Ulta Beauty by 218.5% during the 1st quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock valued at $32,000 after acquiring an additional 59 shares during the last quarter. North Star Investment Management Corp. boosted its position in shares of Ulta Beauty by 71.4% during the 1st quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock valued at $35,000 after acquiring an additional 40 shares during the last quarter. Finally, NBC Securities Inc. bought a new stake in shares of Ulta Beauty during the 1st quarter valued at about $37,000. Institutional investors own 90.39% of the company's stock.

Ulta Beauty Trading Down 2.8%

ULTA stock traded down $14.64 during midday trading on Friday, hitting $514.86. The company had a trading volume of 880,236 shares, compared to its average volume of 883,078. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $539.00. The stock's 50 day moving average price is $504.79 and its 200 day moving average price is $432.06. The stock has a market cap of $23.09 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 2.92 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share for the quarter, beating the consensus estimate of $5.03 by $0.75. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the previous year, the company posted $5.30 earnings per share. The business's revenue was up 9.3% on a year-over-year basis. Analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ULTA. Oppenheimer boosted their target price on Ulta Beauty from $510.00 to $600.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. Wall Street Zen upgraded Ulta Beauty from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. JPMorgan Chase & Co. boosted their target price on Ulta Beauty from $525.00 to $600.00 and gave the stock an "overweight" rating in a research report on Friday, August 22nd. Bank of America boosted their target price on Ulta Beauty from $500.00 to $575.00 and gave the stock a "neutral" rating in a research report on Friday, August 29th. Finally, Evercore ISI boosted their target price on Ulta Beauty from $595.00 to $640.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Fourteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Ulta Beauty presently has a consensus rating of "Hold" and a consensus target price of $543.13.

Ulta Beauty 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.