Bank of Montreal Can Decreases Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Bank of Montreal Can lessened its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 21.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,856 shares of the specialty retailer's stock after selling 18,918 shares during the quarter. Bank of Montreal Can owned 0.15% of Ulta Beauty worth $30,382,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in Ulta Beauty by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,199,935 shares of the specialty retailer's stock valued at $520,587,000 after buying an additional 11,205 shares during the period. Norges Bank bought a new position in Ulta Beauty during the 4th quarter worth approximately $239,432,000. Amundi increased its stake in Ulta Beauty by 19.7% in the 4th quarter. Amundi now owns 450,239 shares of the specialty retailer's stock worth $186,912,000 after purchasing an additional 74,013 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Ulta Beauty by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,938 shares of the specialty retailer's stock worth $139,151,000 after purchasing an additional 12,273 shares during the period. Finally, Summitry LLC lifted its position in Ulta Beauty by 2.4% in the fourth quarter. Summitry LLC now owns 216,671 shares of the specialty retailer's stock valued at $94,237,000 after purchasing an additional 5,137 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

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Insider Transactions at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the completion of the sale, the insider now owns 7,632 shares of the company's stock, valued at approximately $2,817,429.12. This trade represents a 10.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.39% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Piper Sandler decreased their target price on shares of Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. The Goldman Sachs Group raised shares of Ulta Beauty from a "neutral" rating to a "buy" rating and upped their price objective for the company from $384.00 to $423.00 in a research note on Tuesday, April 1st. Citigroup cut their target price on Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Argus lowered Ulta Beauty from a "buy" rating to a "hold" rating in a research report on Monday. Finally, Stifel Nicolaus cut their price objective on Ulta Beauty from $475.00 to $400.00 and set a "hold" rating on the stock in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $427.61.

Ulta Beauty Trading Down 2.2 %

NASDAQ:ULTA traded down $7.94 during trading hours on Tuesday, reaching $358.31. 429,250 shares of the company traded hands, compared to its average volume of 1,056,539. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $460.00. The stock has a market capitalization of $16.23 billion, a P/E ratio of 14.38, a P/E/G ratio of 0.89 and a beta of 1.16. The business's 50-day moving average price is $359.24 and its two-hundred day moving average price is $383.03.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the previous year, the firm earned $8.08 EPS. Ulta Beauty's quarterly revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

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.