JPMorgan Chase & Co. Has $218.64 Million Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

JPMorgan Chase & Co. cut its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 39.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 502,700 shares of the specialty retailer's stock after selling 324,892 shares during the period. JPMorgan Chase & Co. owned approximately 1.08% of Ulta Beauty worth $218,640,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ULTA. WINTON GROUP Ltd raised its holdings in shares of Ulta Beauty by 582.2% in the 4th quarter. WINTON GROUP Ltd now owns 18,815 shares of the specialty retailer's stock valued at $8,183,000 after purchasing an additional 16,057 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Ulta Beauty during the fourth quarter worth about $217,000. Summitry LLC lifted its position in 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 acquiring an additional 5,137 shares during the period. Murphy & Mullick Capital Management Corp purchased a new position in Ulta Beauty in the 4th quarter valued at $234,000. Finally, Prestige Wealth Management Group LLC boosted its holdings in Ulta Beauty by 121.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 34 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

ULTA has been the topic of several recent research reports. Citigroup decreased their price objective on shares of Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. JPMorgan Chase & Co. cut their price target on shares of Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. DA Davidson reduced their price target on shares of Ulta Beauty from $510.00 to $415.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. Bank of America decreased their target price 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. Finally, Loop Capital lifted their price objective on Ulta Beauty from $450.00 to $480.00 and gave the stock a "buy" rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Ulta Beauty currently has an average rating of "Hold" and a consensus price target of $427.61.

Ulta Beauty Stock Up 2.3 %

Shares of NASDAQ:ULTA traded up $8.60 during midday trading on Wednesday, reaching $382.51. 797,100 shares of the company were exchanged, compared to its average volume of 1,063,608. The stock has a fifty day simple moving average of $371.93 and a two-hundred day simple moving average of $386.33. The firm has a market cap of $17.74 billion, a PE ratio of 15.31, a P/E/G ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $474.12.

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 analysts' consensus estimates of $7.13 by $1.33. The company had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business's revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.08 EPS. As a group, analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction on Tuesday, April 1st. The shares were 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 in the company, valued at approximately $2,817,429.12. The trade was a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.39% of the stock is 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.