Berkeley Inc Sells 1,438 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Berkeley Inc trimmed its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 12.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,440 shares of the specialty retailer's stock after selling 1,438 shares during the period. Ulta Beauty comprises approximately 2.3% of Berkeley Inc's investment portfolio, making the stock its 15th biggest position. Berkeley Inc's holdings in Ulta Beauty were worth $4,541,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC grew its position in Ulta Beauty by 121.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 34 shares in the last quarter. Edge Capital Group LLC purchased a new position in Ulta Beauty during the 4th quarter worth approximately $33,000. Ameliora Wealth Management Ltd. purchased a new position in Ulta Beauty during the 4th quarter worth approximately $43,000. Colonial Trust Co SC grew its position in Ulta Beauty by 36.9% during the 4th quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer's stock worth $50,000 after purchasing an additional 31 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in Ulta Beauty during the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA traded up $47.92 on Friday, hitting $469.71. 4,593,456 shares of the company were exchanged, compared to its average volume of 1,061,241. The company's 50 day moving average price is $384.70 and its two-hundred day moving average price is $387.99. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $491.32. The firm has a market capitalization of $21.21 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 0.89 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, beating the consensus estimate of $5.73 by $0.97. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same period in the previous year, the business earned $6.47 EPS. The firm's revenue was up 4.5% on a year-over-year basis. Research analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Bank of America decreased their target price on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. DA Davidson raised their price target on shares of Ulta Beauty from $415.00 to $485.00 and gave the company a "buy" rating in a report on Friday. Wells Fargo & Company raised their price target on shares of Ulta Beauty from $315.00 to $350.00 and gave the company an "underweight" rating in a report on Friday. Raymond James restated an "outperform" rating and set a $500.00 price target (up previously from $450.00) on shares of Ulta Beauty in a report on Friday. Finally, Argus downgraded shares of Ulta Beauty from a "buy" rating to a "hold" rating in a 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $454.04.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the transaction, the insider now directly owns 7,632 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.17% of the company's stock.

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.