Glenview Trust co Sells 3,784 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Glenview Trust co trimmed its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 29.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 9,268 shares of the specialty retailer's stock after selling 3,784 shares during the quarter. Glenview Trust co's holdings in Ulta Beauty were worth $4,031,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ULTA. Apollon Wealth Management LLC lifted its position in shares of Ulta Beauty by 44.7% during the 3rd quarter. Apollon Wealth Management LLC now owns 1,399 shares of the specialty retailer's stock worth $544,000 after buying an additional 432 shares during the last quarter. KBC Group NV lifted its holdings in shares of Ulta Beauty by 305.3% in the third quarter. KBC Group NV now owns 29,726 shares of the specialty retailer's stock worth $11,567,000 after acquiring an additional 22,392 shares during the last quarter. Metis Global Partners LLC lifted its holdings in shares of Ulta Beauty by 6.0% in the third quarter. Metis Global Partners LLC now owns 3,104 shares of the specialty retailer's stock worth $1,208,000 after acquiring an additional 176 shares during the last quarter. Empirical Finance LLC boosted its stake in shares of Ulta Beauty by 1.3% in the 3rd quarter. Empirical Finance LLC now owns 3,231 shares of the specialty retailer's stock valued at $1,257,000 after purchasing an additional 42 shares in the last quarter. Finally, Mizuho Securities USA LLC grew its holdings in shares of Ulta Beauty by 970.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 39,503 shares of the specialty retailer's stock valued at $15,371,000 after purchasing an additional 35,811 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

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Ulta Beauty Trading Down 0.8 %

ULTA stock traded down $2.83 during mid-day trading on Thursday, reaching $340.89. The company's stock had a trading volume of 971,074 shares, compared to its average volume of 1,040,460. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $532.70. The business's 50 day moving average price is $380.41 and its 200 day moving average price is $386.50. The company has a market cap of $15.81 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, beating 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%. Ulta Beauty's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.08 EPS. As a group, equities analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Canaccord Genuity Group cut their target price on shares of Ulta Beauty from $538.00 to $526.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. Telsey Advisory Group reissued an "outperform" rating and set a $500.00 price objective on shares of Ulta Beauty in a report on Monday, March 10th. JPMorgan Chase & Co. lowered their target price on Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Piper Sandler cut their price target on Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Finally, BMO Capital Markets lowered their price objective on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating for the company in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, Ulta Beauty has a consensus 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.