AMI Asset Management Corp cut its stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 97,455 shares of the specialty retailer's stock after selling 1,407 shares during the quarter. Ulta Beauty comprises about 2.3% of AMI Asset Management Corp's holdings, making the stock its 19th largest position. AMI Asset Management Corp owned 0.21% of Ulta Beauty worth $42,386,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its position in shares of Ulta Beauty by 4.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer's stock valued at $244,000 after purchasing an additional 28 shares in the last quarter. Daymark Wealth Partners LLC boosted its stake in Ulta Beauty by 3.0% during the second quarter. Daymark Wealth Partners LLC now owns 1,221 shares of the specialty retailer's stock valued at $471,000 after buying an additional 36 shares during the period. Global Trust Asset Management LLC grew its position in Ulta Beauty by 39.6% during the third quarter. Global Trust Asset Management LLC now owns 141 shares of the specialty retailer's stock worth $55,000 after buying an additional 40 shares in the last quarter. Empirical Finance LLC increased its stake in Ulta Beauty by 1.3% in the 3rd quarter. Empirical Finance LLC now owns 3,231 shares of the specialty retailer's stock worth $1,257,000 after acquiring an additional 42 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Ulta Beauty by 0.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,817 shares of the specialty retailer's stock valued at $1,874,000 after acquiring an additional 43 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.
Ulta Beauty Stock Up 4.2 %
Shares of NASDAQ:ULTA traded up $17.15 during midday trading on Tuesday, reaching $422.16. The company's stock had a trading volume of 1,114,138 shares, compared to its average volume of 817,704. The firm has a 50 day moving average of $404.52 and a 200-day moving average of $384.77. The firm has a market capitalization of $19.58 billion, a P/E ratio of 16.89, a PEG ratio of 0.97 and a beta of 1.28. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts' consensus estimates of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the prior year, the company earned $5.07 earnings per share. The business's revenue was up 1.7% compared to the same quarter last year. On average, research analysts predict that Ulta Beauty, Inc. will post 23.93 EPS for the current year.
Analyst Ratings Changes
Several research analysts recently weighed in on ULTA shares. Morgan Stanley upgraded shares of Ulta Beauty from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $430.00 to $500.00 in a research report on Tuesday. Citigroup raised their price objective on shares of Ulta Beauty from $450.00 to $457.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Bank of America lifted their price objective on shares of Ulta Beauty from $460.00 to $475.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. DA Davidson increased their target price on Ulta Beauty from $435.00 to $510.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Finally, Loop Capital lifted their price target on Ulta Beauty from $450.00 to $480.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Ulta Beauty presently has an average rating of "Hold" and an average target price of $459.22.
Read Our Latest Research Report on ULTA
Ulta Beauty Profile
(
Free Report)
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.
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