Sanibel Captiva Trust Company Inc. Has $2.66 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Sanibel Captiva Trust Company Inc. trimmed its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 8.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,122 shares of the specialty retailer’s stock after selling 570 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Ulta Beauty were worth $2,663,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ULTA. International Assets Investment Management LLC grew its stake in shares of Ulta Beauty by 180,713.0% in the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after buying an additional 1,237,884 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in shares of Ulta Beauty in the 3rd quarter valued at about $359,480,000. Holocene Advisors LP increased its stake in shares of Ulta Beauty by 3,246.2% during the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock worth $134,737,000 after purchasing an additional 335,914 shares during the last quarter. Atreides Management LP acquired a new position in shares of Ulta Beauty during the 3rd quarter worth about $73,069,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Ulta Beauty by 258.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock valued at $54,884,000 after purchasing an additional 90,972 shares during the period. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Down 2.0 %

ULTA stock opened at $405.01 on Friday. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The business has a 50-day simple moving average of $404.03 and a 200 day simple moving average of $384.76. The company has a market cap of $18.78 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.45 by $0.69. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $5.07 EPS. On average, analysts anticipate that Ulta Beauty, Inc. will post 23.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ULTA. Stifel Nicolaus boosted their price target on Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. B. Riley raised Ulta Beauty from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $330.00 to $430.00 in a report on Tuesday, January 7th. DA Davidson raised their price target on Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a report on Friday, December 6th. JPMorgan Chase & Co. upped their price objective on shares of Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, William Blair cut shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Ulta Beauty has a consensus rating of “Hold” and a consensus price target of $460.30.

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.