Primecap Management Co. CA Sells 1,330 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Primecap Management Co. CA cut its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,400 shares of the specialty retailer’s stock after selling 1,330 shares during the period. Primecap Management Co. CA’s holdings in Ulta Beauty were worth $25,622,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Ulta Beauty during the fourth quarter worth approximately $263,192,000. Global Assets Advisory LLC bought a new stake in shares of Ulta Beauty during the first quarter worth approximately $176,753,000. TD Asset Management Inc raised its stake in shares of Ulta Beauty by 177.8% during the fourth quarter. TD Asset Management Inc now owns 407,347 shares of the specialty retailer’s stock worth $199,596,000 after buying an additional 260,740 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in shares of Ulta Beauty by 210.4% during the first quarter. Los Angeles Capital Management LLC now owns 271,550 shares of the specialty retailer’s stock worth $141,988,000 after buying an additional 184,060 shares during the last quarter. Finally, Boston Partners raised its stake 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 during the last quarter. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Stock Up 2.0 %

Ulta Beauty stock opened at $397.00 on Wednesday. The stock has a market capitalization of $18.94 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 2.13 and a beta of 1.31. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The company has a 50 day moving average of $368.05 and a 200-day moving average of $410.05.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the previous year, the company posted $6.02 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. Equities analysts anticipate that Ulta Beauty, Inc. will post 23.21 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jodi J. Caro sold 650 shares of the stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total transaction of $252,642.00. Following the completion of the transaction, the insider now owns 6,801 shares in the company, valued at $2,643,412.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ulta Beauty news, insider Jodi J. Caro sold 650 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total transaction of $252,642.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was 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 disclosure for this sale can be found here. 0.39% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ULTA shares. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Wednesday. Canaccord Genuity Group dropped their price target on shares of Ulta Beauty from $522.00 to $500.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Piper Sandler reaffirmed a “neutral” rating and issued a $356.00 target price (down previously from $404.00) on shares of Ulta Beauty in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Ulta Beauty from $552.00 to $448.00 and set a “buy” rating for the company in a research note on Wednesday, August 28th. Finally, DA Davidson lowered their target price on shares of Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Ulta Beauty has an average rating of “Hold” and a consensus price target of $425.29.

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.