Primecap Management Co. CA Has $25.62 Million Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Primecap Management Co. CA cut its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.0% during the second quarter, according to its most recent disclosure 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 quarter. Primecap Management Co. CA owned approximately 0.14% of Ulta Beauty worth $25,622,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Janiczek Wealth Management LLC increased its stake in shares of Ulta Beauty by 32.5% in the first quarter. Janiczek Wealth Management LLC now owns 102 shares of the specialty retailer’s stock worth $53,000 after acquiring an additional 25 shares during the last quarter. Commerce Bank increased its stake in shares of Ulta Beauty by 1.0% in the fourth quarter. Commerce Bank now owns 2,742 shares of the specialty retailer’s stock worth $1,344,000 after acquiring an additional 26 shares during the last quarter. Meeder Advisory Services Inc. increased its stake in shares of Ulta Beauty by 5.8% in the first quarter. Meeder Advisory Services Inc. now owns 478 shares of the specialty retailer’s stock worth $250,000 after acquiring an additional 26 shares during the last quarter. Eudaimonia Partners LLC increased its stake in shares of Ulta Beauty by 4.0% in the first quarter. Eudaimonia Partners LLC now owns 698 shares of the specialty retailer’s stock worth $365,000 after acquiring an additional 27 shares during the last quarter. Finally, Sage Capital Advisors llc increased its position in Ulta Beauty by 5.4% during the second quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock worth $203,000 after buying an additional 27 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total value of $39,008.00. Following the transaction, the director now directly owns 2,017 shares in the company, valued at $786,791.36. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total value of $39,008.00. Following the transaction, the director now directly owns 2,017 shares in the company, valued at $786,791.36. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jodi J. Caro sold 650 shares of the business’s stock in a transaction dated 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 disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Ulta Beauty from $552.00 to $448.00 and set a “buy” rating on the stock in a research report on Wednesday, August 28th. JPMorgan Chase & Co. increased their target price on shares of Ulta Beauty from $530.00 to $544.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. Piper Sandler reissued a “neutral” rating and set a $356.00 target price (down from $404.00) on shares of Ulta Beauty in a research report on Friday, August 30th. Oppenheimer lowered their target price on shares of Ulta Beauty from $450.00 to $435.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Finally, The Goldman Sachs Group lowered their target price on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $425.29.

Ulta Beauty Price Performance

Ulta Beauty stock opened at $397.00 on Wednesday. The business has a 50 day simple moving average of $368.05 and a 200 day simple moving average of $410.05. The company 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 one year low of $318.17 and a one year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (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 company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the prior year, the company earned $6.02 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. Equities analysts anticipate that Ulta Beauty, Inc. will post 23.21 earnings per share for the current fiscal year.

About Ulta Beauty

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.