O Brien Greene & Co. Inc Lowers Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

O Brien Greene & Co. Inc lowered its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 91.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,400 shares of the specialty retailer’s stock after selling 15,439 shares during the period. O Brien Greene & Co. Inc’s holdings in Ulta Beauty were worth $433,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Amundi Pioneer Asset Management Inc. boosted its holdings in Ulta Beauty by 276.0% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 807,092 shares of the specialty retailer’s stock valued at $231,766,000 after purchasing an additional 592,461 shares during the period. Artisan Partners Limited Partnership purchased a new stake in shares of Ulta Beauty in the first quarter worth $172,032,000. Norges Bank purchased a new position in Ulta Beauty during the fourth quarter worth about $153,942,000. Junto Capital Management LP purchased a new position in Ulta Beauty during the fourth quarter worth about $62,688,000. Finally, Boston Partners increased its stake in Ulta Beauty by 54.3% in the 4th quarter. Boston Partners now owns 516,109 shares of the specialty retailer’s stock worth $148,206,000 after acquiring an additional 181,684 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

ULTA has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Ulta Beauty from $365.00 to $410.00 and gave the stock a “buy” rating in a research report on Friday, May 28th. Morgan Stanley upped their price objective on Ulta Beauty from $330.00 to $350.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 1st. Guggenheim reissued a “neutral” rating on shares of Ulta Beauty in a report on Monday, March 22nd. Piper Sandler boosted their target price on Ulta Beauty from $361.00 to $386.00 and gave the stock an “overweight” rating in a research report on Friday, May 28th. Finally, Oppenheimer increased their price target on shares of Ulta Beauty from $360.00 to $385.00 and gave the company an “outperform” rating in a research report on Friday, May 28th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $338.09.

In related news, Director Mary N. Dillon sold 81,663 shares of the company’s stock in a transaction dated Friday, June 4th. The shares were sold at an average price of $325.58, for a total value of $26,587,839.54. Following the transaction, the director now owns 97,169 shares in the company, valued at approximately $31,636,283.02. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lorna Nagler sold 4,000 shares of the stock in a transaction dated Wednesday, March 17th. The shares were sold at an average price of $315.90, for a total transaction of $1,263,600.00. Following the sale, the director now directly owns 10,963 shares in the company, valued at $3,463,211.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 907,170 shares of company stock valued at $284,391,333. 4.70% of the stock is currently owned by corporate insiders.

Shares of NASDAQ ULTA traded up $1.99 during mid-day trading on Friday, hitting $334.00. 11,382 shares of the stock traded hands, compared to its average volume of 794,032. Ulta Beauty, Inc. has a 52 week low of $186.01 and a 52 week high of $351.72. The company has a market capitalization of $18.29 billion, a P/E ratio of 107.65, a price-to-earnings-growth ratio of 1.98 and a beta of 1.71. The stock has a fifty day moving average of $325.06.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Wednesday, May 26th. The specialty retailer reported $4.10 EPS for the quarter, beating the consensus estimate of $1.92 by $2.18. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.64 billion. Ulta Beauty had a return on equity of 14.32% and a net margin of 2.86%. The company’s revenue for the quarter was up 65.2% on a year-over-year basis. During the same quarter last year, the firm posted ($1.39) earnings per share. As a group, research analysts predict that Ulta Beauty, Inc. will post 9.86 earnings per share for the current fiscal year.

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 others, including nail products and accessories.

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

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