Distillate Capital Partners LLC Has $16.08 Million Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Distillate Capital Partners LLC reduced its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,959 shares of the specialty retailer's stock after selling 3,977 shares during the period. Distillate Capital Partners LLC owned about 0.08% of Ulta Beauty worth $16,075,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ULTA. Prestige Wealth Management Group LLC grew its holdings in Ulta Beauty by 121.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 34 shares in the last quarter. Westside Investment Management Inc. raised its stake 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 valued at $32,000 after purchasing an additional 50 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in shares of Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after acquiring an additional 45 shares during the period. Edge Capital Group LLC acquired a new position in shares of Ulta Beauty during the 4th quarter valued at $33,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in Ulta Beauty in the 4th quarter valued at about $43,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $500.00 target price on shares of Ulta Beauty in a report on Monday, March 10th. DA Davidson cut their price objective on Ulta Beauty from $510.00 to $415.00 and set a "buy" rating for the company in a report on Friday, March 14th. Argus downgraded shares of Ulta Beauty from a "buy" rating to a "hold" rating in a research report on Monday. Canaccord Genuity Group decreased their target price on Ulta Beauty from $538.00 to $526.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Finally, Oppenheimer raised their price target on Ulta Beauty from $505.00 to $515.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $427.61.

Insider Buying and Selling at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the sale, the insider now directly owns 7,632 shares in the company, valued at $2,817,429.12. This trade represents a 10.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.39% of the company's stock.

Ulta Beauty Trading Down 2.2 %

Shares of Ulta Beauty stock traded down $8.16 during mid-day trading on Tuesday, reaching $358.09. 658,273 shares of the stock were exchanged, compared to its average volume of 1,057,893. The company has a market cap of $16.22 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $460.00. The firm has a 50-day simple moving average of $358.37 and a 200 day simple moving average of $382.86.

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