Ontario Teachers Pension Plan Board cut its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 50.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 456,467 shares of the specialty retailer's stock after selling 467,361 shares during the period. Ulta Beauty comprises 2.4% of Ontario Teachers Pension Plan Board's holdings, making the stock its 15th largest holding. Ontario Teachers Pension Plan Board owned approximately 0.98% of Ulta Beauty worth $198,531,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in ULTA. Prestige Wealth Management Group LLC lifted its holdings in Ulta Beauty by 121.4% during the 4th 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. Sunbelt Securities Inc. increased its holdings in Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 45 shares during the period. Westside Investment Management Inc. raised its position in Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock valued at $32,000 after purchasing an additional 50 shares in the last quarter. Edge Capital Group LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter valued at $33,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Ulta Beauty in the 4th quarter valued at $43,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. DA Davidson reiterated a "buy" rating and issued a $415.00 price target on shares of Ulta Beauty in a report on Wednesday. Telsey Advisory Group restated an "outperform" rating and set a $500.00 target price on shares of Ulta Beauty in a research report on Monday, March 10th. BMO Capital Markets reduced their price objective on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating for the company in a research note on Friday, March 14th. Bank of America dropped their target price on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Finally, Piper Sandler decreased their price target on Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating for the company in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Ulta Beauty currently has an average rating of "Hold" and a consensus target price of $427.61.
Read Our Latest Stock Analysis on Ulta Beauty
Ulta Beauty Trading Up 2.3 %
ULTA stock traded up $8.16 during mid-day trading on Friday, reaching $357.75. The company's stock had a trading volume of 741,747 shares, compared to its average volume of 1,056,438. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $460.00. The stock has a market cap of $16.21 billion, a PE ratio of 14.32, a P/E/G ratio of 0.89 and a beta of 1.16. The company's 50 day moving average is $357.16 and its two-hundred day moving average is $382.26.
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, topping the consensus estimate of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same period last year, the business earned $8.08 earnings per share. Ulta Beauty's revenue was down 1.9% compared to the same quarter last year. On average, analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.
Insider Buying and Selling at Ulta Beauty
In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction dated Tuesday, April 1st. The stock was 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 $2,817,429.12. The trade was a 10.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.39% of the stock is currently owned by corporate insiders.
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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