Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Cibc World Markets Corp

Cibc World Markets Corp lessened its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 86.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,453 shares of the specialty retailer's stock after selling 47,713 shares during the quarter. Cibc World Markets Corp's holdings in Ulta Beauty were worth $3,242,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of Ulta Beauty by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer's stock valued at $461,059,000 after purchasing an additional 10,153 shares during the last quarter. Champlain Investment Partners LLC boosted its stake 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 worth $237,519,000 after acquiring an additional 31,540 shares in the last quarter. Amundi increased its stake in Ulta Beauty by 19.7% in the fourth quarter. Amundi now owns 450,239 shares of the specialty retailer's stock valued at $186,912,000 after purchasing an additional 74,013 shares in the last quarter. Holocene Advisors LP increased its position in Ulta Beauty by 3,246.2% in the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer's stock valued at $134,737,000 after buying an additional 335,914 shares in the last quarter. Finally, Swedbank AB raised its position in shares of Ulta Beauty by 33.9% during the third quarter. Swedbank AB now owns 321,605 shares of the specialty retailer's stock worth $125,143,000 after purchasing an additional 81,414 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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Ulta Beauty Stock Up 2.8 %

Shares of ULTA traded up $9.68 during mid-day trading on Friday, hitting $350.57. 1,730,045 shares of the company traded hands, compared to its average volume of 1,044,654. The business has a 50 day moving average of $377.57 and a 200 day moving average of $386.17. The company has a market capitalization of $16.26 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $529.67.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share 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 company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period last year, the firm earned $8.08 EPS. The firm's revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, research analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ULTA shares. DA Davidson dropped their price target on shares of Ulta Beauty from $510.00 to $415.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. Morgan Stanley decreased their price objective on shares of Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Bank of America decreased their target price on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. StockNews.com raised shares of Ulta Beauty from a "sell" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, Oppenheimer lifted their price target on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. 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. According to data from MarketBeat, Ulta Beauty has an average rating of "Hold" and an average target price of $427.13.

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.