F M Investments LLC lowered its stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 27.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,061 shares of the specialty retailer's stock after selling 10,372 shares during the period. F M Investments LLC owned 0.06% of Ulta Beauty worth $11,770,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ULTA. Smartleaf Asset Management LLC raised its stake in shares of Ulta Beauty by 28.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer's stock worth $72,000 after purchasing an additional 37 shares during the last quarter. Savant Capital LLC raised its position in Ulta Beauty by 199.5% in the 4th quarter. Savant Capital LLC now owns 4,646 shares of the specialty retailer's stock worth $2,021,000 after buying an additional 3,095 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in Ulta Beauty by 7.8% during the 4th quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer's stock valued at $1,663,000 after acquiring an additional 288 shares during the period. Buckhead Capital Management LLC boosted its holdings in shares of Ulta Beauty by 15.6% during the 4th quarter. Buckhead Capital Management LLC now owns 12,088 shares of the specialty retailer's stock valued at $5,257,000 after acquiring an additional 1,633 shares during the last quarter. Finally, Brookstone Capital Management bought a new stake in shares of Ulta Beauty in the fourth quarter worth approximately $348,000. Institutional investors own 90.39% of the company's stock.
Ulta Beauty Price Performance
Shares of Ulta Beauty stock traded down $4.07 on Tuesday, reaching $362.18. The company had a trading volume of 259,048 shares, compared to its average volume of 1,055,783. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $460.00. The firm has a market cap of $16.41 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 0.89 and a beta of 1.16. The firm's 50-day moving average price is $359.24 and its two-hundred day moving average price is $383.03.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued 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. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company's revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $8.08 earnings per share. As a group, analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current year.
Analysts Set New Price Targets
A number of research firms have commented on ULTA. Stifel Nicolaus cut their target price on shares of Ulta Beauty from $475.00 to $400.00 and set a "hold" rating for the company in a research report on Friday, March 14th. The Goldman Sachs Group raised Ulta Beauty from a "neutral" rating to a "buy" rating and increased their target price for the company from $384.00 to $423.00 in a report on Tuesday, April 1st. Barclays reduced their price target on shares of Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating for the company in a research 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. Finally, Wells Fargo & Company cut their price objective on shares of Ulta Beauty from $360.00 to $310.00 and set an "underweight" rating for the company in a research report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $427.61.
Check Out Our Latest Report on ULTA
Insiders Place Their Bets
In other news, insider Jodi J. Caro sold 902 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the transaction, the insider now owns 7,632 shares of the company's stock, valued at approximately $2,817,429.12. This represents a 10.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.39% of the company's stock.
About Ulta Beauty
(
Free Report)
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.
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