Boston Partners Has $97.14 Million Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Boston Partners decreased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTAGet Rating) by 60.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 235,609 shares of the specialty retailer’s stock after selling 356,040 shares during the period. Boston Partners owned 0.44% of Ulta Beauty worth $97,144,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ULTA. Morgan Stanley boosted its position in Ulta Beauty by 9.2% during the second quarter. Morgan Stanley now owns 443,425 shares of the specialty retailer’s stock valued at $153,323,000 after purchasing an additional 37,429 shares during the last quarter. TRUE Private Wealth Advisors acquired a new stake in shares of Ulta Beauty in the third quarter worth about $203,000. Huntington National Bank lifted its position in shares of Ulta Beauty by 461.9% in the third quarter. Huntington National Bank now owns 989 shares of the specialty retailer’s stock worth $357,000 after buying an additional 813 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its position in shares of Ulta Beauty by 3.7% in the third quarter. Dynamic Advisor Solutions LLC now owns 814 shares of the specialty retailer’s stock worth $294,000 after buying an additional 29 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Ulta Beauty by 12.8% in the third quarter. Signaturefd LLC now owns 574 shares of the specialty retailer’s stock worth $207,000 after buying an additional 65 shares during the last quarter. 88.92% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Jodi J. Caro sold 5,340 shares of the company’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $384.54, for a total value of $2,053,443.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.10% of the company’s stock.

A number of analysts have weighed in on the company. Robert W. Baird reduced their price target on Ulta Beauty from $480.00 to $450.00 in a research report on Friday, March 11th. Credit Suisse Group reiterated a “buy” rating and issued a $455.00 price objective on shares of Ulta Beauty in a research note on Friday, March 11th. BMO Capital Markets lifted their price objective on Ulta Beauty from $365.00 to $385.00 and gave the stock a “market perform” rating in a research note on Friday, March 11th. StockNews.com assumed coverage on Ulta Beauty in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Ulta Beauty from $512.00 to $522.00 and gave the stock a “buy” rating in a research note on Friday, March 11th. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Ulta Beauty currently has a consensus rating of “Buy” and an average price target of $446.64.

NASDAQ:ULTA traded up $0.05 during trading hours on Monday, hitting $415.70. 3,280 shares of the stock were exchanged, compared to its average volume of 698,293. The company’s 50 day moving average is $383.35 and its two-hundred day moving average is $384.36. Ulta Beauty, Inc. has a twelve month low of $299.77 and a twelve month high of $422.43. The company has a market capitalization of $21.75 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 2.18 and a beta of 1.65.

Ulta Beauty (NASDAQ:ULTAGet Rating) last posted its quarterly earnings data on Thursday, March 10th. The specialty retailer reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.56 by $0.85. Ulta Beauty had a return on equity of 54.42% and a net margin of 11.42%. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the prior year, the business earned $3.41 EPS. The business’s revenue for the quarter was up 24.1% compared to the same quarter last year. On average, research analysts anticipate that Ulta Beauty, Inc. will post 18.54 earnings per share for the current fiscal year.

Ulta Beauty Profile (Get Rating)

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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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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