Ulta Beauty, Inc. (NASDAQ:ULTA) Position Lessened by Invesco Ltd.

Invesco Ltd. lowered its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 733,973 shares of the specialty retailer's stock after selling 10,314 shares during the quarter. Invesco Ltd. owned about 1.58% of Ulta Beauty worth $319,227,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Ulta Beauty by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,199,935 shares of the specialty retailer's stock valued at $520,587,000 after purchasing an additional 11,205 shares during the last quarter. Norges Bank purchased a new stake in Ulta Beauty during the fourth quarter valued at about $239,432,000. Amundi increased its stake in Ulta Beauty by 19.7% during the fourth quarter. Amundi now owns 450,239 shares of the specialty retailer's stock worth $186,912,000 after acquiring an additional 74,013 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Ulta Beauty by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,938 shares of the specialty retailer's stock worth $139,151,000 after purchasing an additional 12,273 shares during the period. Finally, Summitry LLC grew its holdings in shares of Ulta Beauty by 2.4% during the 4th quarter. Summitry LLC now owns 216,671 shares of the specialty retailer's stock worth $94,237,000 after purchasing an additional 5,137 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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Ulta Beauty Trading Down 1.0 %

ULTA stock traded down $3.60 during trading hours on Tuesday, hitting $362.65. 228,191 shares of the stock traded hands, compared to its average volume of 1,051,301. The stock has a 50-day simple moving average of $359.24 and a 200 day simple moving average of $383.03. The company has a market cap of $16.43 billion, a P/E ratio of 14.51, a P/E/G ratio of 0.89 and a beta of 1.16. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $460.00.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ULTA shares. Bank of America decreased their price objective on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. The Goldman Sachs Group upgraded Ulta Beauty from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $384.00 to $423.00 in a research note on Tuesday, April 1st. Canaccord Genuity Group dropped their target price on Ulta Beauty from $538.00 to $526.00 and set a "buy" rating on the stock in a report on Friday, March 14th. TD Cowen increased their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. Finally, Barclays reduced their target price on shares of Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating on the stock in a research report on Friday, March 14th. One 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 company's stock. Based on data from MarketBeat.com, Ulta Beauty presently has a consensus rating of "Hold" and a consensus price target of $427.61.

Insider Activity at Ulta Beauty

In other news, insider Jodi J. Caro sold 902 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the completion of the sale, the insider now owns 7,632 shares of the company's stock, valued at $2,817,429.12. This trade represents a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.39% of the stock is currently owned by corporate insiders.

About Ulta Beauty

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.