Rockefeller Capital Management L.P. Sells 3,878 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Rockefeller Capital Management L.P. cut its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,049 shares of the specialty retailer's stock after selling 3,878 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.08% of Ulta Beauty worth $16,114,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ULTA. Geode Capital Management LLC lifted its holdings in Ulta Beauty by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,199,935 shares of the specialty retailer's stock valued at $520,587,000 after purchasing an additional 11,205 shares during the last quarter. Norges Bank bought a new position in shares of Ulta Beauty in the fourth quarter valued at about $239,432,000. Amundi lifted its stake in shares of Ulta Beauty by 19.7% during the 4th quarter. Amundi now owns 450,239 shares of the specialty retailer's stock worth $186,912,000 after buying an additional 74,013 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Ulta Beauty by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,938 shares of the specialty retailer's stock worth $139,151,000 after buying an additional 12,273 shares during the last quarter. Finally, Summitry LLC boosted its holdings in shares of Ulta Beauty by 2.4% during the 4th quarter. Summitry LLC now owns 216,671 shares of the specialty retailer's stock worth $94,237,000 after buying an additional 5,137 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction 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 completion of the sale, the insider now owns 7,632 shares in the company, valued at $2,817,429.12. The trade was a 10.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.39% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group upgraded shares of Ulta Beauty from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $384.00 to $423.00 in a research report on Tuesday, April 1st. StockNews.com upgraded Ulta Beauty from a "sell" rating to a "hold" rating in a research note on Tuesday, January 7th. Wells Fargo & Company lowered their price objective on Ulta Beauty from $360.00 to $310.00 and set an "underweight" rating on the stock in a research report on Friday, March 14th. DA Davidson reissued a "buy" rating and issued a $415.00 target price on shares of Ulta Beauty in a research report on Wednesday. Finally, Oppenheimer raised their price target on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $427.61.

Ulta Beauty Stock Up 2.3 %

Shares of NASDAQ:ULTA traded up $8.16 during trading on Friday, hitting $357.75. 741,747 shares of the company were exchanged, compared to its average volume of 1,055,665. The company has a market capitalization of $16.21 billion, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $460.00. The business's 50 day moving average is $357.49 and its 200-day moving average is $382.41.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, topping analysts' consensus estimates of $7.13 by $1.33. The firm had revenue of $3.49 billion for 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%. The company's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $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.

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.