Vestcor Inc Has $575,000 Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Vestcor Inc lowered its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 60.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,321 shares of the specialty retailer's stock after selling 2,050 shares during the quarter. Vestcor Inc's holdings in Ulta Beauty were worth $575,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Cornerstone Investment Partners LLC lifted its holdings in Ulta Beauty by 3.9% during the fourth quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer's stock worth $289,000 after acquiring an additional 25 shares in the last quarter. Stonegate Investment Group LLC lifted its holdings in Ulta Beauty by 0.5% during the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer's stock worth $2,881,000 after acquiring an additional 34 shares in the last quarter. Resonant Capital Advisors LLC lifted its holdings in Ulta Beauty by 2.2% during the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer's stock worth $685,000 after acquiring an additional 34 shares in the last quarter. Clear Creek Financial Management LLC lifted its holdings in Ulta Beauty by 4.4% during the fourth quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer's stock worth $362,000 after acquiring an additional 35 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. lifted its holdings in Ulta Beauty by 4.2% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 861 shares of the specialty retailer's stock worth $374,000 after acquiring an additional 35 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

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Wall Street Analysts Forecast Growth

ULTA has been the topic of several recent research reports. BMO Capital Markets dropped their price target on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a research note on Friday, March 14th. UBS Group lifted their target price on Ulta Beauty from $470.00 to $490.00 and gave the company a "buy" rating in a research report on Friday, December 6th. William Blair downgraded Ulta Beauty from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 21st. Stifel Nicolaus lowered their target price on Ulta Beauty from $475.00 to $400.00 and set a "hold" rating on the stock in a research report on Friday, March 14th. Finally, TD Cowen lifted their target price on Ulta Beauty from $450.00 to $480.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $427.13.

Ulta Beauty Trading Down 0.8 %

NASDAQ ULTA traded down $2.83 on Thursday, hitting $340.89. 970,746 shares of the company's stock were exchanged, compared to its average volume of 1,040,460. The stock has a 50-day moving average of $380.41 and a 200-day moving average of $386.50. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $532.70. The stock has a market cap of $15.81 billion, a price-to-earnings ratio of 13.64, a P/E/G ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.13 by $1.33. The company 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 company's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $8.08 earnings per share. As a group, analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

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.