Grandeur Peak Global Advisors LLC lessened its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 71.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,478 shares of the specialty retailer's stock after selling 8,649 shares during the quarter. Grandeur Peak Global Advisors LLC's holdings in Ulta Beauty were worth $1,513,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Ulta Beauty in the fourth quarter worth about $239,432,000. Proficio Capital Partners LLC acquired a new position in Ulta Beauty during the 4th quarter worth approximately $58,074,000. Victory Capital Management Inc. lifted its stake in Ulta Beauty by 364.6% in the 4th quarter. Victory Capital Management Inc. now owns 159,053 shares of the specialty retailer's stock valued at $69,177,000 after purchasing an additional 124,822 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Ulta Beauty by 258.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer's stock valued at $54,884,000 after buying an additional 90,972 shares in the last quarter. Finally, Edge Capital Group LLC bought a new stake in shares of Ulta Beauty during the fourth quarter worth $33,000. Institutional investors own 90.39% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on ULTA shares. Oppenheimer increased their price target on Ulta Beauty from $505.00 to $515.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Piper Sandler dropped their price target on shares of Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. The Goldman Sachs Group raised Ulta Beauty from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $384.00 to $423.00 in a report on Tuesday, April 1st. Telsey Advisory Group reissued an "outperform" rating and issued a $500.00 price target on shares of Ulta Beauty in a research note on Monday, March 10th. Finally, Bank of America cut their price objective on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $427.61.
Get Our Latest Report on ULTA
Insider Activity
In related news, insider Jodi J. Caro sold 902 shares of Ulta Beauty 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 completion of the transaction, the insider now directly owns 7,632 shares in the company, valued at approximately $2,817,429.12. The trade was a 10.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.39% of the company's stock.
Ulta Beauty Price Performance
Shares of Ulta Beauty stock traded down $8.16 on Tuesday, reaching $358.09. 658,273 shares of the company traded hands, compared to its average volume of 1,057,893. The firm has a market capitalization of $16.22 billion, a PE ratio of 14.33, a PEG ratio of 0.89 and a beta of 1.16. The company has a 50 day moving average of $359.24 and a 200 day moving average of $383.03. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $460.00.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $3.47 billion. During the same period last year, the business posted $8.08 earnings per share. The business's revenue for the quarter was down 1.9% on a year-over-year basis. As a group, analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.
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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