Advisors Asset Management Inc. Has $6.53 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Advisors Asset Management Inc. decreased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 14.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,004 shares of the specialty retailer's stock after selling 2,527 shares during the quarter. Advisors Asset Management Inc.'s holdings in Ulta Beauty were worth $6,526,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its position in shares of Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock valued at $32,000 after purchasing an additional 45 shares during the period. Westside Investment Management Inc. raised its holdings in Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock valued at $32,000 after acquiring an additional 50 shares during the period. Edge Capital Group LLC acquired a new stake in Ulta Beauty during the fourth quarter worth approximately $33,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Ulta Beauty during the third quarter worth approximately $41,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Ulta Beauty Trading Up 2.8 %

Ulta Beauty stock traded up $9.68 during mid-day trading on Friday, reaching $350.57. The company had a trading volume of 1,730,045 shares, compared to its average volume of 1,044,654. The business has a fifty day simple moving average of $377.57 and a 200 day simple moving average of $386.36. The company has a market cap of $16.26 billion, a P/E ratio of 14.03, a P/E/G ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $529.67.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ULTA. Morgan Stanley dropped their price target on Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating for the company in a report on Friday, March 14th. BMO Capital Markets reduced their target price on shares of Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating for the company in a research report on Friday, March 14th. Barclays lowered their price target on shares of Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating on the stock in a research report 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 for the company in a report on Friday, March 14th. Finally, Oppenheimer raised their target price on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $427.13.

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.