Ulta Beauty, Inc. (NASDAQ:ULTA) Stock Position Reduced by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc trimmed its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,303 shares of the specialty retailer’s stock after selling 890 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.17% of Ulta Beauty worth $34,056,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ULTA. Capital World Investors bought a new stake in shares of Ulta Beauty in the 4th quarter worth approximately $430,674,000. Norges Bank bought a new stake in Ulta Beauty in the fourth quarter valued at $239,432,000. Marshall Wace LLP boosted its holdings in shares of Ulta Beauty by 10,336.7% during the fourth quarter. Marshall Wace LLP now owns 459,110 shares of the specialty retailer’s stock valued at $199,681,000 after acquiring an additional 454,711 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Ulta Beauty during the fourth quarter worth about $58,074,000. Finally, Victory Capital Management Inc. lifted its position in Ulta Beauty by 364.6% in the 4th quarter. Victory Capital Management Inc. now owns 159,053 shares of the specialty retailer’s stock valued at $69,177,000 after purchasing an additional 124,822 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $393.17 on Friday. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $460.00. The stock’s 50-day moving average is $364.49 and its 200 day moving average is $384.24. The firm has a market cap of $17.75 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 0.89 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping analysts’ consensus estimates of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period last year, the company posted $8.08 earnings per share. The business’s quarterly revenue was down 1.9% on a year-over-year basis. On average, sell-side analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Insider Activity

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the completion of the transaction, the insider now directly owns 7,632 shares of the company’s stock, valued at approximately $2,817,429.12. This represents a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.17% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ULTA has been the subject of several analyst reports. Argus downgraded Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Monday, April 14th. JPMorgan Chase & Co. decreased their price target on Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. DA Davidson restated a “buy” rating and set a $415.00 price objective on shares of Ulta Beauty in a research note on Wednesday, April 16th. Wells Fargo & Company decreased their target price on shares of Ulta Beauty from $310.00 to $300.00 and set an “underweight” rating for the company in a research report on Wednesday, April 30th. Finally, Piper Sandler dropped 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 report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $427.17.

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.