Blair William & Co. IL Decreases Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Blair William & Co. IL trimmed its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 50.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 32,869 shares of the specialty retailer's stock after selling 33,525 shares during the quarter. Blair William & Co. IL owned 0.07% of Ulta Beauty worth $14,296,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ULTA. Cerity Partners LLC grew its position in Ulta Beauty by 93.6% during the 3rd quarter. Cerity Partners LLC now owns 6,856 shares of the specialty retailer's stock worth $2,668,000 after acquiring an additional 3,315 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Ulta Beauty during the third quarter valued at approximately $41,000. The Manufacturers Life Insurance Company boosted its stake in shares of Ulta Beauty by 0.4% during the third quarter. The Manufacturers Life Insurance Company now owns 96,492 shares of the specialty retailer's stock valued at $37,547,000 after purchasing an additional 367 shares during the period. Brooklyn Investment Group bought a new position in shares of Ulta Beauty in the third quarter worth approximately $57,000. Finally, Isthmus Partners LLC increased its stake in shares of Ulta Beauty by 0.5% in the third quarter. Isthmus Partners LLC now owns 29,983 shares of the specialty retailer's stock worth $11,667,000 after buying an additional 151 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

Ulta Beauty Stock Up 2.0 %

Shares of NASDAQ:ULTA traded up $7.07 on Monday, hitting $366.54. 1,177,751 shares of the company traded hands, compared to its average volume of 1,061,730. The stock has a 50 day simple moving average of $373.67 and a 200-day simple moving average of $386.41. The company has a market cap of $17.00 billion, a PE ratio of 14.67, a PEG ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $529.67.

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Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, beating analysts' consensus estimates of $7.13 by $1.33. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. Ulta Beauty's revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business 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.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ULTA shares. Wells Fargo & Company dropped their price target on shares of Ulta Beauty from $360.00 to $310.00 and set an "underweight" rating for the company in a research report on Friday, March 14th. Barclays dropped their target price on shares of Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. DA Davidson reduced their price target on Ulta Beauty from $510.00 to $415.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Oppenheimer upped their price target on Ulta Beauty from $505.00 to $515.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. Finally, Piper Sandler cut their price objective on Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Ulta Beauty has an average rating of "Hold" and an average target price of $427.13.

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.