Tradewinds LLC. Has $438,000 Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Tradewinds LLC. decreased its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 70.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,006 shares of the specialty retailer's stock after selling 2,363 shares during the period. Tradewinds LLC.'s holdings in Ulta Beauty were worth $438,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank bought a new stake in shares of Ulta Beauty in the fourth quarter worth $239,432,000. Proficio Capital Partners LLC acquired a new stake in Ulta Beauty in the 4th quarter valued at $58,074,000. Victory Capital Management Inc. lifted its position in Ulta Beauty by 364.6% during the 4th quarter. Victory Capital Management Inc. now owns 159,053 shares of the specialty retailer's stock worth $69,177,000 after buying an additional 124,822 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Ulta Beauty by 258.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer's stock worth $54,884,000 after buying an additional 90,972 shares during the last quarter. Finally, Edge Capital Group LLC bought a new position in shares of Ulta Beauty in the 4th quarter valued at about $33,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on ULTA shares. TD Cowen upped their target price on Ulta Beauty from $450.00 to $480.00 and gave the stock a "hold" rating in a report on Wednesday, January 8th. The Goldman Sachs Group raised shares of Ulta Beauty from a "neutral" rating to a "buy" rating and upped their price target for the stock from $384.00 to $423.00 in a research report on Tuesday. Canaccord Genuity Group decreased their price objective on shares of Ulta Beauty from $538.00 to $526.00 and set a "buy" rating for the company in a research report on Friday, March 14th. StockNews.com raised shares of Ulta Beauty from a "sell" rating to a "hold" rating in a report on Tuesday, January 7th. Finally, B. Riley reduced their price target on Ulta Beauty from $430.00 to $330.00 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, eleven have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $427.61.

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Ulta Beauty Stock Down 3.9 %

Shares of NASDAQ:ULTA traded down $14.75 during trading on Thursday, hitting $367.76. 1,598,067 shares of the company were exchanged, compared to its average volume of 1,053,176. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $467.49. The company has a market capitalization of $17.05 billion, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The business's 50 day moving average is $370.20 and its 200-day moving average is $386.17.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its earnings results 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 analysts' expectations of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.08 EPS. As a group, sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Insiders Place Their Bets

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 transaction, the insider now owns 7,632 shares in the company, valued at approximately $2,817,429.12. The trade was a 10.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.39% of the company's stock.

Ulta Beauty Company 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.