Korea Investment CORP Sells 17,772 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Korea Investment CORP decreased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 23.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,870 shares of the specialty retailer's stock after selling 17,772 shares during the quarter. Korea Investment CORP owned about 0.12% of Ulta Beauty worth $24,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Prestige Wealth Management Group LLC boosted its position in shares of Ulta Beauty by 121.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 34 shares during the period. Sunbelt Securities Inc. lifted its stake in Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 45 shares in the last quarter. Westside Investment Management Inc. boosted its holdings in Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock valued at $32,000 after purchasing an additional 50 shares during the period. Edge Capital Group LLC purchased a new position in shares of Ulta Beauty during the 4th quarter valued at $33,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Ulta Beauty in the third quarter worth $41,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Ulta Beauty Stock Up 2.0 %

Shares of ULTA traded up $7.07 during mid-day trading on Monday, hitting $366.54. 1,177,751 shares of the company's stock traded hands, compared to its average volume of 1,061,730. The firm has a market capitalization of $17.00 billion, a P/E ratio of 14.67, a PEG ratio of 0.89 and a beta of 1.34. The business's 50-day moving average price is $373.67 and its 200-day moving average price is $386.41. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $529.67.

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

Wall Street Analysts Forecast Growth

ULTA has been the subject of several recent analyst reports. Wells Fargo & Company reduced their target price on Ulta Beauty from $360.00 to $310.00 and set an "underweight" rating for the company in a research report on Friday, March 14th. JPMorgan Chase & Co. decreased their price objective on shares of Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. Citigroup lowered their target price on shares of Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Morgan Stanley cut their price target on shares of Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Finally, StockNews.com upgraded shares of Ulta Beauty from a "sell" rating to a "hold" rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average 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.