Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC cut its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,726 shares of the specialty retailer's stock after selling 856 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Ulta Beauty worth $10,754,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Sunbelt Securities Inc. grew its stake in Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock valued at $32,000 after purchasing an additional 45 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 50 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in Ulta Beauty in the third quarter valued at approximately $41,000. Future Financial Wealth Managment LLC purchased a new stake in Ulta Beauty in the fourth quarter valued at approximately $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in Ulta Beauty in the 4th quarter worth approximately $43,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Down 2.4 %

Shares of NASDAQ ULTA traded down $8.79 during midday trading on Wednesday, hitting $359.96. The stock had a trading volume of 1,750,656 shares, compared to its average volume of 910,201. The stock has a 50 day simple moving average of $412.67 and a 200-day simple moving average of $386.75. The company has a market capitalization of $16.69 billion, a PE ratio of 14.40, a P/E/G ratio of 0.88 and a beta of 1.28. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating analysts' consensus estimates of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the firm posted $5.07 EPS. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. As a group, analysts expect that Ulta Beauty, Inc. will post 23.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the stock. DA Davidson lifted their price objective on shares of Ulta Beauty from $435.00 to $510.00 and gave the company a "buy" rating in a research note on Friday, December 6th. BMO Capital Markets boosted their target price on shares of Ulta Beauty from $385.00 to $420.00 and gave the company a "market perform" rating in a research report on Friday, December 6th. Wells Fargo & Company increased their price target on Ulta Beauty from $350.00 to $370.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 7th. Loop Capital boosted their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a "buy" rating in a report on Monday, December 9th. Finally, William Blair lowered Ulta Beauty from an "outperform" rating to a "market perform" rating in a report on Thursday, November 21st. One 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. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $459.22.

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.