Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by New England Research & Management Inc.

New England Research & Management Inc. lowered its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 55.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,045 shares of the specialty retailer's stock after selling 1,285 shares during the period. New England Research & Management Inc.'s holdings in Ulta Beauty were worth $455,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in Ulta Beauty by 180,713.0% in the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer's stock worth $481,952,000 after buying an additional 1,237,884 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new position in shares of Ulta Beauty during the 3rd quarter worth $359,480,000. Holocene Advisors LP increased its holdings in Ulta Beauty by 3,246.2% in the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer's stock worth $134,737,000 after acquiring an additional 335,914 shares during the last quarter. Atreides Management LP bought a new stake in Ulta Beauty during the 3rd quarter valued at $73,069,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of Ulta Beauty by 258.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer's stock worth $54,884,000 after acquiring an additional 90,972 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ULTA. Oppenheimer upped their target price on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Raymond James dropped their target price on shares of Ulta Beauty from $450.00 to $440.00 and set an "outperform" rating for the company in a research report on Monday, October 14th. Bank of America raised their price target on Ulta Beauty from $460.00 to $475.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft cut their target price on Ulta Beauty from $426.00 to $424.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. Finally, Loop Capital lifted their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $459.22.

Ulta Beauty Stock Up 2.0 %

ULTA stock traded up $8.36 during mid-day trading on Thursday, hitting $419.02. The company had a trading volume of 288,459 shares, compared to its average volume of 777,089. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The company has a 50-day moving average price of $411.85 and a 200 day moving average price of $385.75. The company has a market capitalization of $19.43 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 1.00 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the business earned $5.07 earnings per share. Ulta Beauty's quarterly revenue was up 1.7% compared to the same quarter last year. As a group, analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Ulta Beauty 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.