Ethic Inc. Has $859,000 Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Ethic Inc. cut its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 43.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,974 shares of the specialty retailer's stock after selling 1,538 shares during the period. Ethic Inc.'s holdings in Ulta Beauty were worth $859,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Citizens Business Bank grew its holdings in shares of Ulta Beauty by 16.4% during the 4th quarter. Citizens Business Bank now owns 8,235 shares of the specialty retailer's stock valued at $3,582,000 after acquiring an additional 1,161 shares in the last quarter. Deutsche Bank AG increased its position in Ulta Beauty by 1.4% in the 4th quarter. Deutsche Bank AG now owns 655,561 shares of the specialty retailer's stock worth $285,123,000 after purchasing an additional 9,291 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Ulta Beauty by 307.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,660 shares of the specialty retailer's stock worth $4,636,000 after purchasing an additional 8,043 shares in the last quarter. Colonial Trust Co SC lifted its holdings in shares of Ulta Beauty by 36.9% during the 4th quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer's stock valued at $50,000 after buying an additional 31 shares during the last quarter. Finally, Caption Management LLC bought a new stake in shares of Ulta Beauty in the 4th quarter valued at approximately $3,566,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

ULTA has been the topic of several recent research reports. B. Riley cut their price objective on shares of Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Bank of America cut their price target on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Argus lowered shares of Ulta Beauty from a "buy" rating to a "hold" rating in a research note on Monday, April 14th. Piper Sandler lowered their target price on shares of Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Finally, The Goldman Sachs Group upgraded Ulta Beauty from a "neutral" rating to a "buy" rating and raised their target price for the company from $384.00 to $423.00 in a report on Tuesday, April 1st. One equities research 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.com, the stock currently has a consensus rating of "Hold" and an average price target of $427.83.

Insider Activity at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the business's 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 sale, the insider now owns 7,632 shares of the company's stock, valued at $2,817,429.12. The trade was a 10.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.17% of the stock is currently owned by corporate insiders.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $411.38 on Thursday. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $460.00. The company has a fifty day moving average price of $367.96 and a 200 day moving average price of $385.00. The stock has a market cap of $18.57 billion, a P/E ratio of 16.46, a PEG ratio of 0.89 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data 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 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%. The business's revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $8.08 EPS. As a group, equities research analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS 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.

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