Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH cut its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 15.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 5,842 shares of the specialty retailer’s stock after selling 1,080 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Ulta Beauty were worth $3,055,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Nvwm LLC grew its holdings in shares of Ulta Beauty by 2.1% in the 4th quarter. Nvwm LLC now owns 1,043 shares of the specialty retailer’s stock worth $511,000 after acquiring an additional 21 shares during the last quarter. Manchester Capital Management LLC boosted its position in shares of Ulta Beauty by 41.2% in the fourth quarter. Manchester Capital Management LLC now owns 72 shares of the specialty retailer’s stock worth $35,000 after buying an additional 21 shares during the period. Raleigh Capital Management Inc. boosted its position in shares of Ulta Beauty by 4.3% in the third quarter. Raleigh Capital Management Inc. now owns 535 shares of the specialty retailer’s stock worth $214,000 after buying an additional 22 shares during the period. Pinnacle Associates Ltd. boosted its position in shares of Ulta Beauty by 0.8% in the fourth quarter. Pinnacle Associates Ltd. now owns 2,828 shares of the specialty retailer’s stock worth $1,386,000 after buying an additional 23 shares during the period. Finally, Nkcfo LLC boosted its position in shares of Ulta Beauty by 14.4% in the fourth quarter. Nkcfo LLC now owns 183 shares of the specialty retailer’s stock worth $90,000 after buying an additional 23 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ulta Beauty

In other news, insider Jodi J. Caro sold 650 shares of Ulta Beauty stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total value of $252,642.00. Following the transaction, the insider now directly owns 6,801 shares in the company, valued at $2,643,412.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is currently owned by corporate insiders.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $393.02 on Wednesday. The business’s 50-day simple moving average is $391.75 and its 200-day simple moving average is $461.93. The firm has a market capitalization of $18.75 billion, a PE ratio of 15.33, a PEG ratio of 1.68 and a beta of 1.37. Ulta Beauty, Inc. has a 52 week low of $368.02 and a 52 week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $6.47 EPS for the quarter, topping analysts’ consensus estimates of $6.19 by $0.28. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.72 billion. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $6.88 earnings per share. Research analysts forecast that Ulta Beauty, Inc. will post 25.76 earnings per share for the current year.

Ulta Beauty declared that its Board of Directors has initiated a stock repurchase plan on Thursday, March 14th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to repurchase up to 7.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have recently commented on the company. TD Cowen decreased their target price on Ulta Beauty from $520.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Robert W. Baird decreased their target price on Ulta Beauty from $625.00 to $525.00 and set an “outperform” rating for the company in a research report on Wednesday, May 29th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Ulta Beauty in a research report on Friday, May 31st. BMO Capital Markets reduced their price objective on Ulta Beauty from $540.00 to $500.00 and set a “market perform” rating for the company in a research report on Friday, May 31st. Finally, Wells Fargo & Company reduced their price objective on Ulta Beauty from $450.00 to $350.00 and set an “underweight” rating for the company in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $503.87.

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.