Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lessened its stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,319 shares of the specialty retailer's stock after selling 1,597 shares during the period. National Bank of Canada FI owned 0.05% of Ulta Beauty worth $10,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Prestige Wealth Management Group LLC raised its position in shares of 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 during the last quarter. Sunbelt Securities Inc. grew its holdings 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 valued at $32,000 after buying an additional 45 shares during the last quarter. Westside Investment Management Inc. raised its stake in Ulta Beauty by 151.5% in the 3rd 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. Edge Capital Group LLC purchased a new position in Ulta Beauty in the 4th quarter worth $33,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in Ulta Beauty during the 4th quarter valued at about $43,000. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Price Performance

Shares of ULTA stock traded down $13.16 during trading on Thursday, hitting $350.03. 317,288 shares of the stock traded hands, compared to its average volume of 1,051,278. Ulta Beauty, Inc. has a 52-week low of $309.01 and a 52-week high of $460.00. The firm has a market capitalization of $15.86 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16. The firm's fifty day moving average price is $362.15 and its 200-day moving average price is $384.07.

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

Analysts Set New Price Targets

ULTA has been the subject of a number of research reports. Piper Sandler decreased their target price on Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Stifel Nicolaus decreased their target price on shares of Ulta Beauty from $475.00 to $400.00 and set a "hold" rating for the company in a research report on Friday, March 14th. StockNews.com raised 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 set a $500.00 target price on shares of Ulta Beauty in a report on Monday, March 10th. Finally, Barclays decreased their price target on Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $427.61.

Insider Activity

In related news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction that occurred 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 sale, the insider now owns 7,632 shares in the company, valued at approximately $2,817,429.12. This trade represents a 10.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.39% of the company's stock.

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.