Rhumbline Advisers Trims Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Rhumbline Advisers lowered its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,479 shares of the specialty retailer's stock after selling 3,744 shares during the period. Rhumbline Advisers owned 0.20% of Ulta Beauty worth $40,222,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Sunbelt Securities Inc. grew its stake in 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 acquiring an additional 45 shares in the last quarter. Westside Investment Management Inc. grew 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 buying an additional 50 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Ulta Beauty in the 3rd quarter worth approximately $41,000. Future Financial Wealth Managment LLC purchased a new position in Ulta Beauty in the 4th quarter worth approximately $43,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in Ulta Beauty in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Ulta Beauty Stock Performance

NASDAQ:ULTA traded down $5.14 during midday trading on Friday, reaching $361.54. 932,787 shares of the stock traded hands, compared to its average volume of 916,952. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The stock has a market capitalization of $16.76 billion, a P/E ratio of 14.47, a PEG ratio of 0.87 and a beta of 1.28. The company has a fifty day moving average of $410.13 and a 200 day moving average of $386.42.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping 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 period in the prior year, the business earned $5.07 EPS. The company's revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Oppenheimer boosted their price target on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. B. Riley raised shares of Ulta Beauty from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $330.00 to $430.00 in a research note on Tuesday, January 7th. Stifel Nicolaus boosted their price target on shares of Ulta Beauty from $455.00 to $475.00 and gave the stock a "hold" rating in a research note on Tuesday, January 7th. William Blair cut shares of Ulta Beauty from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 21st. Finally, Piper Sandler boosted their price objective on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a "neutral" rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $459.22.

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.