SG Americas Securities LLC Sells 3,903 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)
SG Americas Securities LLC reduced its stake in Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 66.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,009 shares of the specialty retailer’s stock after selling 3,903 shares during the quarter. SG Americas Securities LLC’s holdings in Ulta Beauty were worth $800,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ULTA. Norges Bank bought a new stake in Ulta Beauty during the 4th quarter worth about $202,400,000. BlackRock Inc. lifted its position in Ulta Beauty by 11.4% during the 4th quarter. BlackRock Inc. now owns 4,234,911 shares of the specialty retailer’s stock worth $1,746,223,000 after buying an additional 434,595 shares in the last quarter. 1832 Asset Management L.P. lifted its position in Ulta Beauty by 115.1% during the 4th quarter. 1832 Asset Management L.P. now owns 365,911 shares of the specialty retailer’s stock worth $149,625,000 after buying an additional 195,797 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Ulta Beauty by 435.9% during the 4th quarter. Marshall Wace LLP now owns 202,347 shares of the specialty retailer’s stock worth $83,439,000 after purchasing an additional 164,587 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Ulta Beauty by 5.3% during the 4th quarter. State Street Corp now owns 2,208,301 shares of the specialty retailer’s stock worth $910,571,000 after purchasing an additional 110,198 shares during the last quarter. 89.20% of the stock is owned by institutional investors.
Insider Activity
In other news, Director George R. Mrkonic, Jr. sold 476 shares of the stock in a transaction on Monday, June 13th. The shares were sold at an average price of $391.84, for a total transaction of $186,515.84. Following the completion of the sale, the director now directly owns 2,393 shares in the company, valued at $937,673.12. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, COO Kecia Steelman sold 13,199 shares of the stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $405.02, for a total transaction of $5,345,858.98. Following the completion of the sale, the chief operating officer now directly owns 16,627 shares in the company, valued at $6,734,267.54. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director George R. Mrkonic, Jr. sold 476 shares of the stock in a transaction on Monday, June 13th. The stock was sold at an average price of $391.84, for a total transaction of $186,515.84. Following the sale, the director now owns 2,393 shares of the company’s stock, valued at $937,673.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,207 shares of company stock valued at $19,411,502. Insiders own 2.00% of the company’s stock.
Ulta Beauty Stock Performance
ULTA stock opened at $394.28 on Tuesday. The company has a fifty day moving average price of $396.17 and a 200-day moving average price of $387.50. The company has a market capitalization of $20.43 billion, a P/E ratio of 19.51, a PEG ratio of 1.82 and a beta of 1.45. Ulta Beauty, Inc. has a 52-week low of $330.80 and a 52-week high of $438.63.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last released its quarterly earnings results on Thursday, May 26th. The specialty retailer reported $6.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.44 by $1.86. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.12 billion. Ulta Beauty had a net margin of 12.03% and a return on equity of 60.83%. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter last year, the firm earned $4.10 earnings per share. As a group, sell-side analysts forecast that Ulta Beauty, Inc. will post 20.07 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of brokerages recently commented on ULTA. DA Davidson upped their price target on shares of Ulta Beauty from $465.00 to $490.00 and gave the company a “buy” rating in a research note on Thursday, June 9th. JPMorgan Chase & Co. upped their price target on shares of Ulta Beauty from $460.00 to $480.00 in a research note on Friday, May 27th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Ulta Beauty from $522.00 to $466.00 in a research report on Wednesday, May 25th. Citigroup increased their target price on shares of Ulta Beauty from $393.00 to $425.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 31st. Finally, Credit Suisse Group increased their target price on shares of Ulta Beauty from $475.00 to $485.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 15th. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ulta Beauty currently has a consensus rating of “Moderate Buy” and an average price target of $460.05.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company’s stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.
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