Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. reduced its stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,251 shares of the specialty retailer's stock after selling 1,042 shares during the period. Asset Management One Co. Ltd.'s holdings in Ulta Beauty were worth $8,070,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Creative Planning raised its holdings in shares of Ulta Beauty by 83.7% during the 3rd quarter. Creative Planning now owns 14,774 shares of the specialty retailer's stock valued at $5,749,000 after buying an additional 6,730 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Ulta Beauty by 0.9% in the third 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. Aaron Wealth Advisors LLC purchased a new stake in shares of Ulta Beauty during the third quarter valued at approximately $215,000. Blue Trust Inc. lifted its position in shares of Ulta Beauty by 22.4% during the third quarter. Blue Trust Inc. now owns 240 shares of the specialty retailer's stock worth $93,000 after purchasing an additional 44 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Ulta Beauty by 63.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,468 shares of the specialty retailer's stock valued at $2,128,000 after purchasing an additional 2,114 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ULTA has been the topic of several analyst reports. StockNews.com raised shares of Ulta Beauty from a "sell" rating to a "hold" rating in a research note on Tuesday, January 7th. Oppenheimer lifted their target price on Ulta Beauty from $505.00 to $515.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Citigroup increased their price target on Ulta Beauty from $450.00 to $457.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Stifel Nicolaus lifted their price objective on Ulta Beauty from $455.00 to $475.00 and gave the stock a "hold" rating in a report on Tuesday, January 7th. Finally, Barclays upped their target price on Ulta Beauty from $410.00 to $445.00 and gave the company an "equal weight" rating in a research report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $459.22.

Ulta Beauty Price Performance

NASDAQ:ULTA traded down $5.14 during midday trading on Friday, reaching $361.54. 932,787 shares of the company traded hands, compared to its average volume of 916,952. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The company has a fifty day moving average price of $410.13 and a 200 day moving average price of $386.42. The firm has a market capitalization of $16.76 billion, a price-to-earnings ratio of 14.47, a price-to-earnings-growth ratio of 0.87 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (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 the consensus estimate of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.07 earnings per share. On average, equities research analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

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.