Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 27.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,111 shares of the specialty retailer's stock after selling 1,524 shares during the quarter. Wellington Management Group LLP's holdings in Ulta Beauty were worth $1,788,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Investment Partners LLC raised its position in shares of Ulta Beauty by 3.9% during the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer's stock worth $289,000 after purchasing an additional 25 shares during the last quarter. RWA Wealth Partners LLC raised its position in shares of Ulta Beauty by 1.5% during the 4th quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer's stock worth $812,000 after purchasing an additional 28 shares during the last quarter. Lido Advisors LLC raised its position in shares of Ulta Beauty by 5.0% during the 4th quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer's stock worth $272,000 after purchasing an additional 30 shares during the last quarter. Colonial Trust Co SC raised its position in shares of Ulta Beauty by 36.9% during the 4th quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer's stock worth $50,000 after purchasing an additional 31 shares during the last quarter. Finally, Prestige Wealth Management Group LLC raised its position in shares of Ulta Beauty by 121.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 34 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 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 represents a 10.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ULTA has been the subject of a number of recent research reports. Canaccord Genuity Group increased their price objective on shares of Ulta Beauty from $510.00 to $542.00 and gave the company a "buy" rating 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. Truist Financial increased their price objective 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. Robert W. Baird increased their price objective on shares of Ulta Beauty from $440.00 to $525.00 and gave the company an "outperform" rating in a report on Friday, May 30th. Finally, Oppenheimer increased their price objective on shares of Ulta Beauty from $465.00 to $510.00 and gave the company an "outperform" rating in a report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Ulta Beauty has an average rating of "Hold" and a consensus target price of $460.91.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA traded down $1.40 during mid-day trading on Friday, reaching $465.64. 601,489 shares of the company were exchanged, compared to its average volume of 1,048,806. The firm has a market cap of $20.93 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 0.89 and a beta of 1.09. The firm's 50-day simple moving average is $394.80 and its 200 day simple moving average is $391.58. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $491.98.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, topping analysts' consensus estimates of $5.73 by $0.97. The firm had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $2.79 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company posted $6.47 EPS. On average, research analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

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.