First Trust Advisors LP lessened its holdings in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 49.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 45,127 shares of the specialty retailer’s stock after selling 44,985 shares during the quarter. First Trust Advisors LP’s holdings in Ulta Beauty were worth $11,423,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA grew its holdings in Ulta Beauty by 3,900.0% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 120 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 117 shares during the period. Whittier Trust Co. grew its holdings in shares of Ulta Beauty by 4,100.0% in the 4th quarter. Whittier Trust Co. now owns 126 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 123 shares during the period. Ironwood Financial llc grew its holdings in shares of Ulta Beauty by 2,316.7% in the 4th quarter. Ironwood Financial llc now owns 145 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 139 shares during the period. Proffitt & Goodson Inc. acquired a new position in shares of Ulta Beauty in the 3rd quarter valued at $41,000. Finally, Kistler Tiffany Companies LLC acquired a new position in shares of Ulta Beauty in the 4th quarter valued at $41,000. 89.69% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Ulta Beauty in a report on Monday, February 3rd. They issued a “market perform” rating and a $285.00 price target for the company. Barclays boosted their price target on shares of Ulta Beauty from $220.00 to $238.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Oppenheimer boosted their price target on shares of Ulta Beauty from $275.00 to $310.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Guggenheim decreased their price target on shares of Ulta Beauty from $325.00 to $300.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Finally, BidaskClub raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Saturday, January 18th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $287.70.
Shares of NASDAQ ULTA opened at $294.57 on Friday. The firm has a market cap of $16.84 billion, a PE ratio of 24.80, a PEG ratio of 1.40 and a beta of 1.15. The company has a current ratio of 1.67, a quick ratio of 0.38 and a debt-to-equity ratio of 0.92. Ulta Beauty Inc has a 1-year low of $222.00 and a 1-year high of $368.83. The company has a fifty day moving average price of $270.68 and a 200 day moving average price of $264.63.
Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, December 5th. The specialty retailer reported $2.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.13 by $0.12. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.69 billion. Ulta Beauty had a net margin of 9.67% and a return on equity of 36.91%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.18 EPS. Equities research analysts forecast that Ulta Beauty Inc will post 11.79 EPS for the current year.
In related news, insider Jeffrey J. Childs sold 3,031 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $252.20, for a total value of $764,418.20. Following the completion of the transaction, the insider now directly owns 10,333 shares of the company’s stock, valued at approximately $2,605,982.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.20% of the stock is currently owned by corporate insiders.
About Ulta Beauty
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.
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