Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. cut its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 8.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,060 shares of the specialty retailer’s stock after selling 300 shares during the quarter. Logan Capital Management Inc.’s holdings in Ulta Beauty were worth $1,331,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in shares of 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 acquiring an additional 37 shares in the last quarter. Savant Capital LLC raised its stake 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 purchasing an additional 3,095 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in Ulta Beauty by 7.8% in the 4th quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer’s stock valued at $1,663,000 after purchasing an additional 288 shares in the last quarter. Buckhead Capital Management LLC boosted its stake in Ulta Beauty by 15.6% during 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 last quarter. Finally, Brookstone Capital Management purchased a new stake in shares of Ulta Beauty during the fourth quarter worth $348,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ULTA has been the topic of several research reports. Argus downgraded shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Monday, April 14th. B. Riley dropped their price target on shares of Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Stifel Nicolaus dropped their price target on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating for the company in a research report on Friday, March 14th. Bank of America cut their target price on Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Finally, Citigroup lowered their price objective on shares of Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $427.17.

Insiders Place Their Bets

In other news, insider Jodi J. Caro sold 902 shares of the stock in a transaction that occurred 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 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.17% of the stock is owned by insiders.

Ulta Beauty Trading Up 5.2%

ULTA stock opened at $412.38 on Tuesday. The business has a 50 day simple moving average of $365.70 and a 200-day simple moving average of $384.63. The company has a market capitalization of $18.62 billion, a P/E ratio of 16.50, a PEG ratio of 0.89 and a beta of 1.06. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $460.00.

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 the consensus estimate of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period last year, the firm posted $8.08 EPS. Ulta Beauty’s revenue for the quarter was down 1.9% on a year-over-year basis. Research analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

About Ulta Beauty

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.