Great Lakes Advisors LLC Sells 4,278 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Great Lakes Advisors LLC lowered its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 89.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 480 shares of the specialty retailer's stock after selling 4,278 shares during the quarter. Great Lakes Advisors LLC's holdings in Ulta Beauty were worth $209,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in shares of Ulta Beauty by 28.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer's stock valued at $72,000 after purchasing an additional 37 shares in the last quarter. Integrated Investment Consultants LLC bought a new stake in shares of Ulta Beauty in the 3rd quarter valued at about $4,480,000. Thrivent Financial for Lutherans increased its stake in Ulta Beauty by 382.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 10,698 shares of the specialty retailer's stock worth $4,163,000 after purchasing an additional 8,481 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Ulta Beauty by 11.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 17,531 shares of the specialty retailer's stock worth $6,822,000 after acquiring an additional 1,768 shares during the last quarter. Finally, Blueshift Asset Management LLC boosted its position in Ulta Beauty by 1,052.6% during the 3rd quarter. Blueshift Asset Management LLC now owns 8,218 shares of the specialty retailer's stock worth $3,198,000 after acquiring an additional 7,505 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have issued reports on ULTA. Telsey Advisory Group reaffirmed an "outperform" rating and set a $500.00 price target on shares of Ulta Beauty in a report on Monday, March 10th. William Blair cut Ulta Beauty from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 21st. Stifel Nicolaus decreased their price target on Ulta Beauty from $475.00 to $400.00 and set a "hold" rating on the stock in a research report on Friday, March 14th. Barclays reduced their price objective on 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. Finally, JPMorgan Chase & Co. cut their price target on Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $427.13.

Ulta Beauty Stock Down 0.8 %

NASDAQ:ULTA traded down $2.83 during mid-day trading on Thursday, hitting $340.89. 970,746 shares of the company traded hands, compared to its average volume of 1,040,460. The stock's fifty day moving average price is $380.41 and its 200-day moving average price is $386.50. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $532.70. The firm 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 results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.13 by $1.33. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty's revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $8.08 earnings per share. Equities analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Ulta Beauty 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.