Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG trimmed its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 45.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,861 shares of the specialty retailer's stock after selling 1,581 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Ulta Beauty were worth $809,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Benjamin Edwards Inc. increased its holdings in shares of Ulta Beauty by 913.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 730 shares of the specialty retailer's stock valued at $284,000 after purchasing an additional 658 shares in the last quarter. Investment Management Corp of Ontario increased its holdings in Ulta Beauty by 45.7% in the third quarter. Investment Management Corp of Ontario now owns 1,594 shares of the specialty retailer's stock valued at $620,000 after buying an additional 500 shares in the last quarter. Royal London Asset Management Ltd. increased its holdings in Ulta Beauty by 0.8% in the third quarter. Royal London Asset Management Ltd. now owns 31,587 shares of the specialty retailer's stock valued at $12,291,000 after buying an additional 253 shares in the last quarter. Quarry LP raised its position in shares of Ulta Beauty by 451.9% in the third quarter. Quarry LP now owns 149 shares of the specialty retailer's stock worth $58,000 after acquiring an additional 122 shares during the period. Finally, Quantinno Capital Management LP boosted its stake in shares of Ulta Beauty by 100.8% during the 3rd quarter. Quantinno Capital Management LP now owns 10,353 shares of the specialty retailer's stock worth $4,029,000 after acquiring an additional 5,197 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Stifel Nicolaus reduced their price target on Ulta Beauty from $475.00 to $400.00 and set a "hold" rating for the company in a report on Friday, March 14th. DA Davidson reduced their target price on Ulta Beauty from $510.00 to $415.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Loop Capital lifted their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Piper Sandler reduced their price objective on shares of Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Finally, Wells Fargo & Company cut their price objective on Ulta Beauty from $360.00 to $310.00 and set an "underweight" rating for the company in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $427.61.

Ulta Beauty Stock Performance

Shares of NASDAQ ULTA traded down $8.40 during mid-day trading on Friday, reaching $359.36. 1,531,940 shares of the company's stock were exchanged, compared to its average volume of 1,046,706. The company's 50-day moving average is $369.03 and its 200-day moving average is $385.89. The firm has a market capitalization of $16.28 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 0.89 and a beta of 1.16. Ulta Beauty, Inc. has a 52-week low of $309.01 and a 52-week high of $460.00.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping analysts' consensus estimates of $7.13 by $1.33. The company had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm's revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.08 earnings per share. As a group, equities analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Insider Transactions at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the sale, the insider now directly owns 7,632 shares in the company, valued at approximately $2,817,429.12. This represents a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.39% of the company's stock.

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.