Fiduciary Trust Co Has $3.49 Million Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Fiduciary Trust Co lowered its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 23.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,019 shares of the specialty retailer's stock after selling 2,509 shares during the period. Fiduciary Trust Co's holdings in Ulta Beauty were worth $3,488,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in Ulta Beauty by 28.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer's stock worth $72,000 after buying an additional 37 shares in the last quarter. Savant Capital LLC raised its position in shares of Ulta Beauty by 199.5% during the fourth 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 increased its position in Ulta Beauty by 7.8% in the fourth 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 boosted its stake in shares of Ulta Beauty by 15.6% in 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 acquired a new stake in shares of Ulta Beauty during the 4th quarter worth approximately $348,000. Institutional investors own 90.39% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Bank of America reduced their price objective on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. B. Riley dropped their price objective on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a report on Friday, March 14th. BMO Capital Markets reduced their target price on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a report on Friday, March 14th. JPMorgan Chase & Co. lowered their price target 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. Finally, Argus cut shares of Ulta Beauty from a "buy" rating to a "hold" rating in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $427.17.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the completion of the transaction, the insider now directly owns 7,632 shares of the company's stock, valued at $2,817,429.12. The trade was a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

Ulta Beauty Trading Up 5.2%

Shares of NASDAQ ULTA traded up $20.21 during mid-day trading on Monday, hitting $412.38. The company had a trading volume of 1,188,649 shares, compared to its average volume of 1,053,859. The firm has a 50-day simple moving average of $365.70 and a two-hundred day simple moving average of $384.63. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $460.00. The company has a market capitalization of $18.62 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced 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 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 analysts' expectations of $3.47 billion. During the same quarter in the prior year, the business posted $8.08 EPS. The business's revenue was down 1.9% compared to the same quarter last year. Sell-side analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal 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.