Bank Julius Baer & Co. Ltd Zurich Lowers Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)


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Bank Julius Baer & Co. Ltd Zurich decreased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 17.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 519 shares of the specialty retailer’s stock after selling 109 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Ulta Beauty were worth $149,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ULTA. Amundi Pioneer Asset Management Inc. raised its position in Ulta Beauty by 275.8% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 806,516 shares of the specialty retailer’s stock valued at $231,601,000 after purchasing an additional 591,885 shares in the last quarter. Junto Capital Management LP purchased a new position in shares of Ulta Beauty in the fourth quarter worth about $62,688,000. NN Investment Partners Holdings N.V. increased its holdings in shares of Ulta Beauty by 31.6% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 777,287 shares of the specialty retailer’s stock worth $223,206,000 after buying an additional 186,481 shares during the period. Boston Partners increased its holdings in shares of Ulta Beauty by 54.3% in the fourth quarter. Boston Partners now owns 516,109 shares of the specialty retailer’s stock worth $148,206,000 after buying an additional 181,684 shares during the period. Finally, Armistice Capital LLC purchased a new position in shares of Ulta Beauty in the fourth quarter worth about $39,715,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

In related news, Director Charles Heilbronn sold 84,747 shares of the business’s stock in a transaction that occurred on Wednesday, March 24th. The shares were sold at an average price of $306.48, for a total value of $25,973,260.56. Following the completion of the transaction, the director now directly owns 60,963 shares in the company, valued at approximately $18,683,940.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lorna Nagler sold 4,666 shares of the business’s stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $317.74, for a total transaction of $1,482,574.84. Following the completion of the transaction, the director now owns 11,629 shares of the company’s stock, valued at $3,694,998.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 496,148 shares of company stock worth $151,602,430. Insiders own 4.70% of the company’s stock.

Several research analysts have recently commented on the company. Piper Sandler lifted their price objective on Ulta Beauty from $350.00 to $360.00 and gave the stock an “overweight” rating in a report on Wednesday, March 17th. Credit Suisse Group lifted their price objective on Ulta Beauty from $308.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, March 18th. Wells Fargo & Company lifted their price objective on Ulta Beauty from $330.00 to $356.00 and gave the stock an “overweight” rating in a report on Thursday, March 18th. Loop Capital boosted their price target on Ulta Beauty from $280.00 to $320.00 and gave the company a “hold” rating in a report on Monday, March 22nd. They noted that the move was a valuation call. Finally, The Goldman Sachs Group boosted their price target on Ulta Beauty from $286.00 to $319.00 and gave the company a “buy” rating in a report on Thursday, December 10th. Nine research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $310.08.

Shares of ULTA opened at $316.11 on Thursday. The business’s 50 day moving average price is $321.54 and its 200-day moving average price is $278.70. Ulta Beauty, Inc. has a 52 week low of $186.01 and a 52 week high of $351.00. The stock has a market cap of $17.77 billion, a P/E ratio of 79.83, a P/E/G ratio of 6.44 and a beta of 1.73.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Wednesday, March 10th. The specialty retailer reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $1.14. Ulta Beauty had a return on equity of 15.94% and a net margin of 3.63%. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the previous year, the firm posted $3.89 EPS. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Ulta Beauty, Inc. will post 3.94 EPS for the current fiscal year.

Ulta Beauty Profile

Ulta Beauty, Inc operates as a beauty retailer 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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