Advisory Services Network LLC Has $963,000 Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Advisory Services Network LLC lessened its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 17.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,214 shares of the specialty retailer’s stock after selling 456 shares during the period. Advisory Services Network LLC’s holdings in Ulta Beauty were worth $963,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in shares of Ulta Beauty by 28.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer’s stock valued at $72,000 after purchasing an additional 37 shares during the last quarter. Savant Capital LLC boosted its position in Ulta Beauty by 199.5% in the fourth quarter. Savant Capital LLC now owns 4,646 shares of the specialty retailer’s stock valued at $2,021,000 after buying an additional 3,095 shares in the last quarter. Sanctuary Advisors LLC grew its stake in shares of Ulta Beauty by 7.8% during the fourth quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer’s stock worth $1,663,000 after buying an additional 288 shares during the last quarter. Buckhead Capital Management LLC grew its stake in shares of Ulta Beauty by 15.6% during the fourth quarter. Buckhead Capital Management LLC now owns 12,088 shares of the specialty retailer’s stock worth $5,257,000 after buying an additional 1,633 shares during the last quarter. Finally, Brookstone Capital Management acquired a new position in shares of Ulta Beauty during the fourth quarter worth $348,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Activity

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the completion of the sale, the insider now owns 7,632 shares of the company’s stock, valued at approximately $2,817,429.12. This trade represents a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of ULTA opened at $361.46 on Monday. The firm has a market cap of $16.38 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16. Ulta Beauty, Inc. has a 52-week low of $309.01 and a 52-week high of $460.00. The business’s 50 day moving average price is $360.13 and its two-hundred day moving average price is $383.29.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.13 by $1.33. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. Ulta Beauty’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.08 EPS. Research analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ULTA has been the subject of a number of recent research reports. Oppenheimer upped their target price on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Wells Fargo & Company lowered their price objective on Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating for the company in a research note on Friday, March 14th. TD Cowen raised their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Morgan Stanley reduced their target price on shares of Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Finally, The Goldman Sachs Group raised shares of Ulta Beauty from a “neutral” rating to a “buy” rating and raised their price target for the company from $384.00 to $423.00 in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $427.61.

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.