Price T Rowe Associates Inc. MD Sells 28,404 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Price T Rowe Associates Inc. MD reduced its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 536,756 shares of the specialty retailer's stock after selling 28,404 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 1.16% of Ulta Beauty worth $233,452,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Prestige Wealth Management Group LLC lifted its holdings in Ulta Beauty by 121.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 34 shares during the last quarter. Westside Investment Management Inc. boosted 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 during the period. Future Financial Wealth Managment LLC bought a new position in Ulta Beauty during the 4th quarter worth $43,000. Ameliora Wealth Management Ltd. bought a new position in Ulta Beauty during the 4th quarter worth $43,000. Finally, ORG Partners LLC acquired a new stake in Ulta Beauty in the fourth quarter worth $57,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

NASDAQ:ULTA traded up $3.81 during mid-day trading on Tuesday, reaching $390.25. The stock had a trading volume of 687,265 shares, compared to its average volume of 1,053,039. The stock has a market cap of $17.68 billion, a P/E ratio of 15.62, a PEG ratio of 0.89 and a beta of 1.16. The business's 50 day moving average is $358.87 and its 200 day moving average is $382.90. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $460.00.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 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 company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the prior year, the business posted $8.08 EPS. Ulta Beauty's quarterly revenue was down 1.9% on a year-over-year basis. Equities analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

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 transaction, the insider now directly 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 filing with the SEC, which is available through this link. Corporate insiders own 0.39% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ULTA shares. Barclays lowered their price target on shares of Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating for the company in a research report on Friday, March 14th. Bank of America dropped their price target on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Telsey Advisory Group reiterated an "outperform" rating and set a $500.00 price objective on shares of Ulta Beauty in a research report on Monday, March 10th. Morgan Stanley lowered their target price on Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. Finally, Oppenheimer boosted their price target on Ulta Beauty from $505.00 to $515.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $427.61.

About Ulta Beauty

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.