Legal & General Group Plc decreased its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 21.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 393,344 shares of the specialty retailer's stock after selling 107,764 shares during the quarter. Legal & General Group Plc owned approximately 0.85% of Ulta Beauty worth $171,077,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of ULTA. Prestige Wealth Management Group LLC increased its stake 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 buying an additional 34 shares in the last quarter. Westside Investment Management Inc. raised its stake in shares of Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after acquiring an additional 50 shares during the last quarter. Sunbelt Securities Inc. lifted its position in shares of Ulta Beauty by 118.4% during the third 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. Edge Capital Group LLC bought a new stake in shares of Ulta Beauty during the fourth quarter valued at approximately $33,000. Finally, Future Financial Wealth Managment LLC bought a new position in Ulta Beauty in the 4th quarter valued at $43,000. Institutional investors own 90.39% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on ULTA. Stifel Nicolaus dropped their price objective on Ulta Beauty from $475.00 to $400.00 and set a "hold" rating for the company in a report on Friday, March 14th. B. Riley lowered their target price on shares of Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. TD Cowen raised their price target on Ulta Beauty from $450.00 to $480.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. Piper Sandler dropped their price objective on shares of Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Finally, StockNews.com raised Ulta Beauty from a "sell" rating to a "hold" rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $427.61.
Read Our Latest Report on Ulta Beauty
Insider Buying and Selling at Ulta Beauty
In other news, insider Jodi J. Caro sold 902 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the sale, the insider now directly owns 7,632 shares of the company's stock, valued at $2,817,429.12. This represents a 10.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.39% of the stock is currently owned by corporate insiders.
Ulta Beauty Stock Performance
NASDAQ ULTA traded down $3.60 on Tuesday, hitting $362.65. The stock had a trading volume of 228,191 shares, compared to its average volume of 1,051,301. The company has a market capitalization of $16.43 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16. Ulta Beauty, Inc. has a 52-week low of $309.01 and a 52-week high of $460.00. The firm has a 50-day moving average of $359.24 and a 200-day moving average of $383.03.
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 for the quarter, beating 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 company had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.47 billion. During the same period last year, the firm posted $8.08 EPS. Ulta Beauty's revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, research analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.
Ulta Beauty Profile
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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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