Rempart Asset Management Inc. Has $16.47 Million Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Rempart Asset Management Inc. trimmed its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 19.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,857 shares of the specialty retailer's stock after selling 9,139 shares during the period. Ulta Beauty comprises approximately 3.3% of Rempart Asset Management Inc.'s holdings, making the stock its 20th biggest holding. Rempart Asset Management Inc. owned 0.08% of Ulta Beauty worth $16,465,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. International Assets Investment Management LLC grew its holdings in shares of Ulta Beauty by 180,713.0% during 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 in the last quarter. Geode Capital Management LLC raised its holdings in Ulta Beauty by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer's stock valued at $461,059,000 after acquiring an additional 10,153 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new position in shares of Ulta Beauty during the 3rd quarter worth $359,480,000. Champlain Investment Partners LLC boosted its holdings in shares of Ulta Beauty by 5.4% during the third quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer's stock worth $237,519,000 after purchasing an additional 31,540 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt boosted its holdings in Ulta Beauty by 14.4% in the third quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer's stock valued at $200,944,000 after acquiring an additional 65,000 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. TD Cowen raised their price objective on Ulta Beauty from $450.00 to $480.00 and gave the stock a "hold" rating in a report on Wednesday. Bank of America upped their price target on shares of Ulta Beauty from $460.00 to $475.00 and gave the stock a "neutral" rating in a research report on Tuesday. B. Riley raised Ulta Beauty from a "sell" rating to a "neutral" rating and raised their price objective for the company from $330.00 to $430.00 in a research report on Tuesday. UBS Group upped their target price on Ulta Beauty from $470.00 to $490.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $500.00 target price on shares of Ulta Beauty in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $458.78.

Ulta Beauty Stock Performance

ULTA traded down $13.13 during trading on Wednesday, reaching $415.14. The company had a trading volume of 776,901 shares, compared to its average volume of 906,652. The firm's 50-day simple moving average is $399.50 and its 200 day simple moving average is $383.42. The company has a market cap of $19.25 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 2.38 and a beta of 1.28. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.45 by $0.69. The firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $5.07 EPS. On average, sell-side analysts expect that Ulta Beauty, Inc. will post 23.57 EPS for the current year.

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.