Wellington Management Group LLP Has $1.79 Million Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Wellington Management Group LLP trimmed its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 27.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,111 shares of the specialty retailer's stock after selling 1,524 shares during the quarter. Wellington Management Group LLP's holdings in Ulta Beauty were worth $1,788,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC raised its holdings in shares of Ulta Beauty by 166.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,947 shares of the specialty retailer's stock worth $1,282,000 after acquiring an additional 1,840 shares during the period. RWA Wealth Partners LLC raised its stake in shares of Ulta Beauty by 1.5% in the 4th quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer's stock valued at $812,000 after purchasing an additional 28 shares during the period. American Money Management LLC lifted its holdings in shares of Ulta Beauty by 11.2% in the fourth quarter. American Money Management LLC now owns 2,192 shares of the specialty retailer's stock valued at $953,000 after purchasing an additional 221 shares in the last quarter. Allstate Corp acquired a new position in shares of Ulta Beauty during the fourth quarter worth about $596,000. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of Ulta Beauty by 213.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 160 shares of the specialty retailer's stock worth $70,000 after buying an additional 109 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the sale, the insider now directly owns 7,632 shares of the company's stock, valued at approximately $2,817,429.12. The trade was a 10.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.39% of the company's stock.

Analysts Set New Price Targets

ULTA has been the topic of several research reports. Citigroup cut their target price on Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Oppenheimer increased their target price on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Piper Sandler lowered their price target on shares of Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Canaccord Genuity Group reduced their price objective on shares of Ulta Beauty from $538.00 to $526.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Finally, BMO Capital Markets lowered their target price on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $427.61.

Ulta Beauty Stock Down 2.2 %

Shares of ULTA traded down $8.16 during mid-day trading on Tuesday, hitting $358.09. 658,273 shares of the company's stock were exchanged, compared to its average volume of 1,057,893. The firm has a market cap of $16.22 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16. The stock's 50-day simple moving average is $359.24 and its 200-day simple moving average is $383.03. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $460.00.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, beating the consensus estimate of $7.13 by $1.33. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same period in the previous year, the firm earned $8.08 EPS. The company's quarterly revenue was down 1.9% compared to the same quarter last year. Analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

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.