Lindenwold Advisors INC lowered its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 29.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,381 shares of the specialty retailer's stock after selling 1,445 shares during the quarter. Lindenwold Advisors INC's holdings in Ulta Beauty were worth $1,470,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Ontario Teachers Pension Plan Board acquired a new position in shares of Ulta Beauty in the 3rd quarter valued at $359,480,000. Holocene Advisors LP boosted its holdings in shares of Ulta Beauty by 3,246.2% in the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer's stock valued at $134,737,000 after purchasing an additional 335,914 shares during the last quarter. Atreides Management LP acquired a new position in shares of Ulta Beauty in the 3rd quarter valued at $73,069,000. Proficio Capital Partners LLC acquired a new position in shares of Ulta Beauty in the 4th quarter valued at $58,074,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Ulta Beauty by 364.6% in the 4th quarter. Victory Capital Management Inc. now owns 159,053 shares of the specialty retailer's stock valued at $69,177,000 after purchasing an additional 124,822 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.
Ulta Beauty Stock Up 2.8 %
Shares of ULTA traded up $9.68 during midday trading on Friday, hitting $350.57. The company had a trading volume of 1,730,045 shares, compared to its average volume of 1,044,654. The company's 50 day moving average price is $377.57 and its 200 day moving average price is $386.55. The stock has a market cap of $16.26 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $529.67.
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 net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the firm earned $8.08 EPS. The company's revenue for the quarter was down 1.9% compared to the same quarter last year. Equities analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on ULTA shares. Citigroup cut 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. Canaccord Genuity Group cut their target price on shares of Ulta Beauty from $538.00 to $526.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Piper Sandler cut their target price on shares of Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. DA Davidson cut their target price on shares of Ulta Beauty from $510.00 to $415.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Finally, StockNews.com raised shares of Ulta Beauty from a "sell" rating to a "hold" rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $427.13.
View Our Latest Research Report on ULTA
Ulta Beauty Profile
(
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.
Featured Articles
Before you consider Ulta Beauty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ulta Beauty wasn't on the list.
While Ulta Beauty currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
