Blueshift Asset Management LLC Sells 4,155 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Blueshift Asset Management LLC decreased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 50.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,063 shares of the specialty retailer's stock after selling 4,155 shares during the period. Ulta Beauty makes up approximately 0.6% of Blueshift Asset Management LLC's holdings, making the stock its 26th largest holding. Blueshift Asset Management LLC's holdings in Ulta Beauty were worth $1,767,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in Ulta Beauty by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer's stock valued at $461,059,000 after acquiring an additional 10,153 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new stake in Ulta Beauty in the third quarter worth $359,480,000. Champlain Investment Partners LLC boosted its position in Ulta Beauty by 5.4% during the third quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer's stock valued at $237,519,000 after buying an additional 31,540 shares during the period. Amundi grew its stake in shares of Ulta Beauty by 19.7% during the fourth quarter. Amundi now owns 450,239 shares of the specialty retailer's stock valued at $186,912,000 after buying an additional 74,013 shares during the last quarter. Finally, Holocene Advisors LP increased its holdings in shares of Ulta Beauty by 3,246.2% in the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer's stock worth $134,737,000 after buying an additional 335,914 shares during the period. Institutional investors own 90.39% of the company's stock.

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Analyst Ratings Changes

ULTA has been the subject of several analyst reports. Morgan Stanley dropped their target price on Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating for the company in a report on Friday, March 14th. BMO Capital Markets cut their target price on shares of Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a report on Friday, March 14th. B. Riley lowered their price target on shares of Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Barclays cut their price target on shares of Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. Finally, Piper Sandler lowered 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 note on Friday, March 14th. One equities research 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 MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $427.13.

Ulta Beauty Stock Performance

Shares of ULTA traded up $15.59 during mid-day trading on Monday, hitting $366.16. 1,083,598 shares of the company traded hands, compared to its average volume of 1,044,813. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $529.67. The stock has a 50-day moving average price of $376.82 and a two-hundred day moving average price of $386.57. The stock has a market cap of $16.98 billion, a price-to-earnings ratio of 14.65, a P/E/G ratio of 0.89 and a beta of 1.34.

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

Ulta Beauty Company 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.