Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 422,801 shares of the specialty retailer’s stock after buying an additional 24,822 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.89% of Ulta Beauty worth $163,149,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. TD Asset Management Inc grew its position in shares of Ulta Beauty by 14.1% during the second quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock worth $239,545,000 after buying an additional 76,721 shares in the last quarter. Boston Partners grew its position in shares of Ulta Beauty by 47.7% during the first quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock worth $246,862,000 after buying an additional 153,727 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Ulta Beauty by 1.2% during the first quarter. Bessemer Group Inc. now owns 357,503 shares of the specialty retailer’s stock worth $186,933,000 after buying an additional 4,344 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in shares of Ulta Beauty during the first quarter worth approximately $176,753,000. Finally, Epoch Investment Partners Inc. grew its position in shares of Ulta Beauty by 24.6% during the first quarter. Epoch Investment Partners Inc. now owns 281,809 shares of the specialty retailer’s stock worth $147,352,000 after buying an additional 55,688 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

ULTA has been the topic of several research analyst reports. Telsey Advisory Group reduced their price objective on Ulta Beauty from $500.00 to $450.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Stifel Nicolaus reduced their price objective on Ulta Beauty from $475.00 to $385.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Jefferies Financial Group reduced their price objective on Ulta Beauty from $438.00 to $412.00 and set a “hold” rating on the stock in a research note on Friday, May 24th. Piper Sandler restated a “neutral” rating and set a $356.00 price objective (down from $404.00) on shares of Ulta Beauty in a research note on Friday, August 30th. Finally, Raymond James cut Ulta Beauty from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $500.00 to $450.00 in a research note on Friday, August 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Ulta Beauty currently has a consensus rating of “Hold” and an average price target of $425.29.

Insider Activity at Ulta Beauty

In related news, Director Catherine Ann Halligan sold 100 shares of Ulta Beauty stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total transaction of $39,008.00. Following the sale, the director now directly owns 2,017 shares in the company, valued at $786,791.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related 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 transaction of $252,642.00. Following the transaction, the insider now directly owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Catherine Ann Halligan sold 100 shares of Ulta Beauty stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the transaction, the director now directly owns 2,017 shares in the company, valued at $786,791.36. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

Ulta Beauty Stock Down 0.3 %

Shares of NASDAQ ULTA opened at $402.01 on Friday. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The firm’s 50-day simple moving average is $368.01 and its 200 day simple moving average is $408.95. The stock has a market cap of $19.18 billion, a P/E ratio of 15.68, a P/E/G ratio of 2.22 and a beta of 1.31.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the prior year, the firm earned $6.02 earnings per share. Ulta Beauty’s revenue for the quarter was up .9% compared to the same quarter last year. On average, sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.21 earnings per share for the current fiscal year.

Ulta Beauty Company 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.