William Blair Investment Management LLC reduced its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 44.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,740 shares of the specialty retailer's stock after selling 36,437 shares during the quarter. William Blair Investment Management LLC owned 0.10% of Ulta Beauty worth $19,459,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of Ulta Beauty by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer's stock valued at $461,059,000 after purchasing an additional 10,153 shares during the period. Ontario Teachers Pension Plan Board bought a new position in shares of Ulta Beauty during the 3rd quarter valued at approximately $359,480,000. Champlain Investment Partners LLC grew its stake in shares of Ulta Beauty by 5.4% during the 3rd quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer's stock valued at $237,519,000 after acquiring an additional 31,540 shares during the period. Amundi grew 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 valued at $186,912,000 after acquiring an additional 74,013 shares during the period. Finally, Holocene Advisors LP grew its stake in shares of Ulta Beauty by 3,246.2% during the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer's stock valued at $134,737,000 after acquiring an additional 335,914 shares during the period. 90.39% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
ULTA has been the subject of a number of recent research reports. Stifel Nicolaus cut their price objective on Ulta Beauty from $475.00 to $400.00 and set a "hold" rating for the company in a research note on Friday, March 14th. Citigroup cut their price objective on Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. JPMorgan Chase & Co. cut their price objective on Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Morgan Stanley cut their price objective on Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Finally, Bank of America cut their price objective on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $427.13.
Read Our Latest Stock Analysis on ULTA
Ulta Beauty Stock Performance
Shares of ULTA traded up $9.68 during mid-day trading on Friday, hitting $350.57. 1,730,045 shares of the stock were exchanged, compared to its average volume of 1,044,720. The company has a market cap of $16.26 billion, a PE ratio of 14.03, a price-to-earnings-growth 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. The firm has a 50-day moving average of $377.57 and a two-hundred day moving average of $386.17.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, beating the consensus estimate of $7.13 by $1.33. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the prior year, the firm posted $8.08 EPS. Ulta Beauty's quarterly revenue was down 1.9% compared to the same quarter last year. On average, sell-side analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.
Ulta Beauty Company Profile
(
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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