Sei Investments Co. trimmed its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,971 shares of the specialty retailer's stock after selling 767 shares during the quarter. Sei Investments Co. owned 0.08% of Ulta Beauty worth $15,642,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ULTA. Sunbelt Securities Inc. grew its stake in shares of 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 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 valued at $32,000 after buying an additional 50 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Ulta Beauty during the fourth quarter worth approximately $43,000. Ameliora Wealth Management Ltd. bought a new position in Ulta Beauty during the 4th quarter worth $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Ulta Beauty in the 3rd quarter worth about $41,000. 90.39% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. BMO Capital Markets dropped their price target 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. Citigroup reduced their price target on Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Piper Sandler decreased their price objective on Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating for the company in a report on Friday, March 14th. DA Davidson lowered their price target on shares of Ulta Beauty from $510.00 to $415.00 and set a "buy" rating for the company in a report on Friday, March 14th. Finally, JPMorgan Chase & Co. cut their target price on Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $427.61.
View Our Latest Report on Ulta Beauty
Insider Transactions at Ulta Beauty
In other news, insider Jodi J. Caro sold 902 shares of the business's stock in a transaction that occurred 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 sale, the insider now owns 7,632 shares of the company's stock, valued at $2,817,429.12. The trade was a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.39% of the stock is owned by corporate insiders.
Ulta Beauty Stock Performance
NASDAQ:ULTA traded up $8.60 on Wednesday, hitting $382.51. The stock had a trading volume of 797,100 shares, compared to its average volume of 1,063,599. The stock has a market cap of $17.74 billion, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The firm's fifty day simple moving average is $371.22 and its two-hundred day simple moving average is $386.30. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $474.12.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.13 by $1.33. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm's quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $8.08 earnings per share. Equities research analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.
About Ulta Beauty
(
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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