BlackRock Discloses 12.1% Passive Stake in Ulta Beauty
Ticker: ULTA · Form: SC 13G · Filed: 2024-01-24T00:00:00.000Z
Sentiment: bullish
Topics: institutional-ownership, passive-investment, stake-disclosure
TL;DR
**BlackRock owns 12.1% of Ulta Beauty, a big institutional vote of confidence.**
AI Summary
BlackRock Inc., a major investment firm, filed an SC 13G on January 24, 2024, disclosing its ownership of 6,050,404 shares of Ulta Beauty, Inc. common stock as of December 31, 2023. This represents a 12.1% stake in the beauty retailer. This filing indicates BlackRock's significant, passive investment in Ulta, signaling confidence from a large institutional investor, which could be seen as a positive sign for current and prospective shareholders.
Why It Matters
This filing shows that a major institutional investor, BlackRock, holds a significant portion of Ulta Beauty's stock, which can be interpreted as a vote of confidence in the company's long-term prospects.
Risk Assessment
Risk Level: low — This filing indicates a passive institutional investment, which generally carries lower risk than activist stakes or insider selling.
Analyst Insight
A smart investor would view BlackRock's substantial 12.1% passive stake as a strong vote of confidence in Ulta Beauty, suggesting long-term stability and potential for growth, and might consider this a positive factor when evaluating the stock.
Key Numbers
- 6,050,404 — Shares Owned (The total number of Ulta Beauty common shares BlackRock beneficially owns.)
- 12.1% — Ownership Percentage (The significant portion of Ulta Beauty's common stock held by BlackRock.)
- December 31, 2023 — Reporting Date (The specific date for which BlackRock's ownership stake is being reported.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Ulta Beauty, Inc. (company) — the subject company whose shares are being reported
- 6,050,404 (dollar_amount) — number of shares of common stock beneficially owned by BlackRock
- 12.1% (dollar_amount) — percentage of Ulta Beauty's common stock owned by BlackRock
- December 31, 2023 (person) — the date of the event requiring the filing
- January 24, 2024 (person) — the filing date of the SC 13G
Forward-Looking Statements
- Ulta Beauty's stock price will see increased stability due to BlackRock's significant, passive institutional ownership. (Ulta Beauty, Inc.) — medium confidence, target: next 6-12 months
- Other institutional investors may view BlackRock's large stake as a positive signal, potentially leading to increased institutional interest in Ulta Beauty. (Ulta Beauty, Inc.) — medium confidence, target: next 3-6 months
FAQ
What is the purpose of an SC 13G filing?
An SC 13G filing is used by institutional investors, like BlackRock Inc., to report their beneficial ownership of 5% or more of a company's stock when they hold the shares passively, meaning they don't intend to influence or change control of the company. This specific filing by BlackRock Inc. for Ulta Beauty, Inc. is filed under Rule 13d-1(b).
Which company is the subject of this SC 13G filing?
The subject company of this SC 13G filing is Ulta Beauty, Inc., identified by the CIK 0001403568 and the CUSIP Number 90384S303.
Who is the reporting entity in this SC 13G filing?
The reporting entity in this SC 13G filing is BlackRock Inc., identified by the CIK 0001364742, which filed the document on January 24, 2024.
What percentage of Ulta Beauty, Inc. common stock does BlackRock Inc. beneficially own according to this filing?
According to this SC 13G filing, BlackRock Inc. beneficially owns 12.1% of Ulta Beauty, Inc.'s common stock as of December 31, 2023.
What was the 'Date of Event Which Requires Filing of this Statement' for this SC 13G?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
From the Filing
EDGAR Filing Documents for 0001086364-24-002720 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G - Statement of Beneficial Ownership by Certain Investors: SEC Accession No. 0001086364-24-002720 Filing Date 2024-01-24 Accepted 2024-01-24 17:23:57 Documents 1 Document Format Files Seq Description Document Type Size 1 us90384s3031_012424.txt SC 13G 11984 Complete submission text file 0001086364-24-002720.txt 13892 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 1000 REMINGTON BLVD SUITE 120 BOLINGBROOK IL 60440 Business Address 1000 REMINGTON BLVD SUITE 120 BOLINGBROOK IL 60440 630-410-4800 Ulta Beauty, Inc. (Subject) CIK : 0001403568 (see all company filings) EIN. : 384022268 | Fiscal Year End: 0203 Type: SC 13G | Act: 34 | File No.: 005-83683 | Film No.: 24557843 SIC : 5990 Retail-Retail Stores, NEC (CF Office: 07 Trade & Services)