Gotham Asset Management LLC Sells 716 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Gotham Asset Management LLC trimmed its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 27,555 shares of the specialty retailer’s stock after selling 716 shares during the quarter. Gotham Asset Management LLC owned about 0.06% of Ulta Beauty worth $11,984,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cornerstone Investment Partners LLC boosted its holdings in Ulta Beauty by 3.9% during the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock valued at $289,000 after acquiring an additional 25 shares during the period. RWA Wealth Partners LLC boosted its holdings in Ulta Beauty by 1.5% during the 4th quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer’s stock valued at $812,000 after acquiring an additional 28 shares during the period. Lido Advisors LLC boosted its holdings in Ulta Beauty by 5.0% during the 4th quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer’s stock valued at $272,000 after acquiring an additional 30 shares during the period. Colonial Trust Co SC boosted its holdings in Ulta Beauty by 36.9% during the 4th quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer’s stock valued at $50,000 after acquiring an additional 31 shares during the period. Finally, Stonegate Investment Group LLC boosted its holdings in Ulta Beauty by 0.5% during the 4th quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock valued at $2,881,000 after acquiring an additional 34 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $393.17 on Monday. The business’s 50-day moving average is $364.49 and its 200 day moving average is $384.36. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $460.00. The firm has a market capitalization of $17.75 billion, a P/E ratio of 15.73, a P/E/G ratio of 0.89 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) 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 company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the prior year, the company posted $8.08 EPS. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ULTA shares. Citigroup dropped their price objective on Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Stifel Nicolaus decreased their target price on Ulta Beauty from $475.00 to $400.00 and set a “hold” rating for the company in a research report on Friday, March 14th. Wells Fargo & Company decreased their target price on Ulta Beauty from $310.00 to $300.00 and set an “underweight” rating for the company in a research report on Wednesday, April 30th. DA Davidson reaffirmed a “buy” rating and set a $415.00 target price on shares of Ulta Beauty in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group raised Ulta Beauty from a “neutral” rating to a “buy” rating and lifted their target price for the company from $384.00 to $423.00 in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $427.17.

Insider Activity at Ulta Beauty

In other news, insider Jodi J. Caro sold 902 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following 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 the SEC website. 0.17% of the stock is currently owned by corporate insiders.

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.