Magellan Asset Management Ltd trimmed its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,179 shares of the specialty retailer's stock after selling 5,484 shares during the period. Magellan Asset Management Ltd owned 0.14% of Ulta Beauty worth $29,218,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of ULTA. Smartleaf Asset Management LLC boosted its stake in Ulta Beauty by 28.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer's stock worth $72,000 after acquiring an additional 37 shares in the last quarter. Savant Capital LLC grew its stake in shares of Ulta Beauty by 199.5% in the 4th quarter. Savant Capital LLC now owns 4,646 shares of the specialty retailer's stock worth $2,021,000 after buying an additional 3,095 shares during the last quarter. Sanctuary Advisors LLC increased its position in Ulta Beauty by 7.8% during the 4th quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer's stock valued at $1,663,000 after buying an additional 288 shares in the last quarter. Buckhead Capital Management LLC raised its stake in Ulta Beauty by 15.6% during the fourth quarter. Buckhead Capital Management LLC now owns 12,088 shares of the specialty retailer's stock valued at $5,257,000 after buying an additional 1,633 shares during the last quarter. Finally, Brookstone Capital Management bought a new stake in Ulta Beauty in the fourth quarter worth $348,000. Institutional investors own 90.39% of the company's stock.
Insider Buying and Selling at Ulta Beauty
In related news, insider Jodi J. Caro sold 902 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the completion of the transaction, the insider now directly owns 7,632 shares of the company's stock, valued at approximately $2,817,429.12. This trade represents a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.39% of the company's stock.
Ulta Beauty Price Performance
Shares of NASDAQ ULTA traded down $8.40 during mid-day trading on Friday, reaching $359.36. The company's stock had a trading volume of 1,531,940 shares, compared to its average volume of 1,046,706. The stock has a fifty day moving average of $369.03 and a two-hundred day moving average of $385.89. The firm has a market capitalization of $16.28 billion, a PE ratio of 14.38, a P/E/G 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.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.13 by $1.33. The firm had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $8.08 earnings per share. Analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on ULTA shares. Piper Sandler lowered their price target on Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Barclays lowered 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 note on Friday, March 14th. StockNews.com raised shares of Ulta Beauty from a "sell" rating to a "hold" rating in a report on Tuesday, January 7th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $500.00 target price on shares of Ulta Beauty in a research report on Monday, March 10th. Finally, Oppenheimer increased their price target on Ulta Beauty from $505.00 to $515.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $427.61.
Check Out Our Latest Stock Analysis on ULTA
About Ulta Beauty
(
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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