Corebridge Financial Inc. Has $5.06 Million Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Corebridge Financial Inc. lessened its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,624 shares of the specialty retailer's stock after selling 1,948 shares during the quarter. Corebridge Financial Inc.'s holdings in Ulta Beauty were worth $5,056,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Sunbelt Securities Inc. boosted its position in Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 45 shares during the period. Westside Investment Management Inc. boosted its holdings in shares of Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after buying an additional 50 shares during the period. Future Financial Wealth Managment LLC bought a new position in Ulta Beauty in the 4th quarter worth $43,000. Ameliora Wealth Management Ltd. acquired a new position in Ulta Beauty during the 4th quarter worth $43,000. Finally, ORG Partners LLC bought a new stake in Ulta Beauty during the fourth quarter valued at about $57,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Ulta Beauty Trading Up 2.2 %

Shares of Ulta Beauty stock traded up $8.38 during mid-day trading on Wednesday, reaching $382.29. 535,519 shares of the stock were exchanged, compared to its average volume of 1,060,841. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $528.80. The company has a market cap of $17.73 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The firm has a 50-day simple moving average of $371.93 and a 200 day simple moving average of $386.33.

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Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data 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. The company 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 revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the business posted $8.08 earnings per share. On average, research analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on ULTA shares. B. Riley cut their price objective on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Oppenheimer upped their price target on Ulta Beauty from $505.00 to $515.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Barclays lowered their price objective on shares of Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. TD Cowen upped their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $500.00 price target on shares of Ulta Beauty in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $427.61.

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.