Cresset Asset Management LLC Trims Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Cresset Asset Management LLC decreased its stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 73.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,944 shares of the specialty retailer's stock after selling 5,335 shares during the quarter. Cresset Asset Management LLC's holdings in Ulta Beauty were worth $846,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Smartleaf Asset Management LLC boosted its stake in Ulta Beauty by 28.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer's stock worth $72,000 after buying an additional 37 shares during the period. Savant Capital LLC lifted its holdings in shares of Ulta Beauty by 199.5% in the 4th quarter. Savant Capital LLC now owns 4,646 shares of the specialty retailer's stock worth $2,021,000 after acquiring an additional 3,095 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Ulta Beauty by 7.8% during the 4th quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer's stock worth $1,663,000 after purchasing an additional 288 shares during the period. Buckhead Capital Management LLC grew 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 Ulta Beauty during the 4th quarter valued at about $348,000. Institutional investors own 90.39% of the company's stock.

Ulta Beauty Trading Up 0.3%

Shares of ULTA stock traded up $1.25 during trading hours on Friday, reaching $412.99. 407,728 shares of the company's stock were exchanged, compared to its average volume of 1,050,552. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $460.00. The stock has a market cap of $18.65 billion, a PE ratio of 16.53, a PEG ratio of 0.89 and a beta of 1.06. The stock's fifty day moving average price is $369.11 and its two-hundred day moving average price is $385.22.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, topping the consensus estimate of $7.13 by $1.33. The company had revenue of $3.49 billion for 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%. Ulta Beauty's revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $8.08 EPS. On average, equities analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Insider Activity

In related news, insider Jodi J. Caro sold 902 shares of the company'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 value of $332,982.32. Following the sale, the insider now owns 7,632 shares in the company, valued at $2,817,429.12. This represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.17% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ULTA. Truist Financial raised their price objective on shares of Ulta Beauty from $364.00 to $386.00 and gave the stock a "neutral" rating in a research note on Thursday. The Goldman Sachs Group upgraded Ulta Beauty from a "neutral" rating to a "buy" rating and increased their target price for the stock from $384.00 to $423.00 in a research note on Tuesday, April 1st. Wells Fargo & Company upped their target price on shares of Ulta Beauty from $300.00 to $315.00 and gave the stock an "underweight" rating in a research note on Wednesday. Citigroup decreased their price objective on Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $500.00 target price on shares of Ulta Beauty in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $426.08.

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.