APG Asset Management N.V. lowered its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 73.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,100 shares of the specialty retailer's stock after selling 72,598 shares during the quarter. APG Asset Management N.V. owned 0.06% of Ulta Beauty worth $10,963,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in Ulta Beauty by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,199,935 shares of the specialty retailer's stock worth $520,587,000 after buying an additional 11,205 shares in the last quarter. Norges Bank bought a new position in shares of Ulta Beauty in the 4th quarter worth approximately $239,432,000. Amundi lifted its stake in shares of Ulta Beauty by 19.7% in the 4th quarter. Amundi now owns 450,239 shares of the specialty retailer's stock valued at $186,912,000 after purchasing an additional 74,013 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Ulta Beauty by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 319,938 shares of the specialty retailer's stock valued at $139,151,000 after purchasing an additional 12,273 shares in the last quarter. Finally, Summitry LLC grew its stake in Ulta Beauty by 2.4% in the fourth quarter. Summitry LLC now owns 216,671 shares of the specialty retailer's stock worth $94,237,000 after purchasing an additional 5,137 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.
Ulta Beauty Stock Performance
Shares of NASDAQ ULTA traded down $8.06 during midday trading on Tuesday, reaching $358.19. The stock had a trading volume of 548,830 shares, compared to its average volume of 1,054,807. The stock has a 50-day moving average of $359.24 and a 200-day moving average of $383.03. The company has a market capitalization of $16.23 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16. Ulta Beauty, Inc. has a 12-month low of $309.01 and a 12-month high of $460.00.
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, topping analysts' consensus estimates of $7.13 by $1.33. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the prior year, the company posted $8.08 earnings per share. The business's quarterly revenue was down 1.9% compared to the same quarter last year. As a group, analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.
Insider Buying and Selling at Ulta Beauty
In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the firm's 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 owns 7,632 shares in the company, valued at $2,817,429.12. This trade represents a 10.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.39% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on ULTA. Morgan Stanley reduced their target price on shares of Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. Telsey Advisory Group reissued an "outperform" rating and issued a $500.00 target price on shares of Ulta Beauty in a report on Monday, March 10th. B. Riley lowered their price target on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. JPMorgan Chase & Co. cut their price objective on shares of Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. Finally, Oppenheimer upped their target price on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Ulta Beauty presently has an average rating of "Hold" and a consensus price target of $427.61.
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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