Caisse DE Depot ET Placement DU Quebec Decreases Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Caisse DE Depot ET Placement DU Quebec trimmed its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 81.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,290 shares of the specialty retailer's stock after selling 155,020 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.07% of Ulta Beauty worth $14,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of ULTA. Smartleaf Asset Management LLC raised its stake in shares of Ulta Beauty by 28.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer's stock valued at $72,000 after purchasing an additional 37 shares in the last quarter. Savant Capital LLC grew its position in Ulta Beauty by 199.5% in the fourth quarter. Savant Capital LLC now owns 4,646 shares of the specialty retailer's stock valued at $2,021,000 after acquiring an additional 3,095 shares during the period. Sanctuary Advisors LLC raised its stake in Ulta Beauty by 7.8% during the fourth quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer's stock worth $1,663,000 after acquiring an additional 288 shares in the last quarter. Buckhead Capital Management LLC lifted its holdings in Ulta Beauty by 15.6% during the 4th quarter. Buckhead Capital Management LLC now owns 12,088 shares of the specialty retailer's stock valued at $5,257,000 after purchasing an additional 1,633 shares during the last quarter. Finally, Brookstone Capital Management bought a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $348,000. 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. Barclays dropped their target price on Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating for the company in a research report on Friday, March 14th. Oppenheimer increased their price objective 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. Argus cut Ulta Beauty from a "buy" rating to a "hold" rating in a research note on Monday, April 14th. Stifel Nicolaus decreased their target price on shares of Ulta Beauty from $475.00 to $400.00 and set a "hold" rating for the company in a research report on Friday, March 14th. Finally, BMO Capital Markets lowered their price target on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a research report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $427.17.

Ulta Beauty Trading Down 1.8 %

ULTA stock traded down $7.15 during mid-day trading on Tuesday, hitting $387.14. The stock had a trading volume of 548,549 shares, compared to its average volume of 1,052,167. The firm has a fifty day simple moving average of $361.76 and a 200 day simple moving average of $383.71. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $460.00. The firm has a market capitalization of $17.48 billion, a P/E ratio of 15.49, a P/E/G ratio of 0.89 and a beta of 1.06.

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 (EPS) for the quarter, topping analysts' consensus estimates of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same period in the prior year, the company earned $8.08 EPS. The firm's quarterly revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jodi J. Caro sold 902 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the completion of the sale, the insider now owns 7,632 shares of the company's stock, valued at $2,817,429.12. This trade represents a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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.