Landscape Capital Management L.L.C. Sells 7,052 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Landscape Capital Management L.L.C. lessened its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 52.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,394 shares of the specialty retailer’s stock after selling 7,052 shares during the period. Landscape Capital Management L.L.C.’s holdings in Ulta Beauty were worth $2,781,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Ulta Beauty

In other news, insider Jodi J. Caro sold 902 shares of Ulta Beauty 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

ULTA has been the subject of several recent research reports. Piper Sandler reduced their price objective on Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. TD Cowen upped their price target on Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price target on shares of Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. Stifel Nicolaus cut their price objective on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating on the stock in a research report on Friday, March 14th. Finally, Loop Capital increased their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $427.61.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $367.76 on Friday. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $467.49. The company has a market capitalization of $17.05 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 0.89 and a beta of 1.34. The company has a 50-day simple moving average of $370.20 and a 200 day simple moving average of $386.17.

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

Ulta Beauty 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.