Ulta Beauty Inc. (NASDAQ:ULTA) Stock Holdings Trimmed by Blueshift Asset Management LLC

Key Points

• Blueshift Asset Management LLC significantly reduced its holdings in Ulta Beauty by 64.8%, selling 2,632 shares during the first quarter, leaving it with 1,431 shares valued at approximately $525,000.
• Several major institutional investors have increased their positions in Ulta Beauty, with Lindenwold Advisors INC raising its holdings by 36.5% and others like EFG Asset Management increasing theirs by 20.2%.
• Analysts are optimistic about Ulta Beauty, with price targets raised by firms such as Evercore ISI and Robert W. Baird, indicating a consensus price target of $469.09 and a mix of buy, hold, and sell ratings.

Blueshift Asset Management LLC decreased its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 64.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,431 shares of the specialty retailer's stock after selling 2,632 shares during the period. Blueshift Asset Management LLC's holdings in Ulta Beauty were worth $525,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Capital World Investors acquired a new stake in shares of Ulta Beauty during the fourth quarter worth $430,674,000. Marshall Wace LLP lifted its position in Ulta Beauty by 10,336.7% during the fourth quarter. Marshall Wace LLP now owns 459,110 shares of the specialty retailer's stock worth $199,681,000 after buying an additional 454,711 shares during the period. GAMMA Investing LLC lifted its position in Ulta Beauty by 38,770.6% during the first quarter. GAMMA Investing LLC now owns 443,513 shares of the specialty retailer's stock worth $162,565,000 after buying an additional 442,372 shares during the period. Pacer Advisors Inc. boosted its stake in Ulta Beauty by 5,117.0% in the 1st quarter. Pacer Advisors Inc. now owns 220,312 shares of the specialty retailer's stock worth $80,753,000 after buying an additional 216,089 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Ulta Beauty in the 4th quarter valued at about $73,780,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analyst Weigh In

ULTA has been the topic of several recent analyst reports. Truist Financial increased their price objective on shares of Ulta Beauty from $364.00 to $386.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. DA Davidson upped their price target on shares of Ulta Beauty from $550.00 to $585.00 and gave the stock a "buy" rating in a research report on Thursday. Barclays increased their price target on shares of Ulta Beauty from $327.00 to $485.00 and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. Argus cut shares of Ulta Beauty from a "buy" rating to a "hold" rating in a research note on Monday, April 14th. Finally, Canaccord Genuity Group increased their target price on Ulta Beauty from $542.00 to $600.00 and gave the stock a "buy" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $469.09.

Ulta Beauty Stock Down 1.4%

Shares of Ulta Beauty stock traded down $7.28 during trading hours on Friday, hitting $507.73. 609,772 shares of the company's stock traded hands, compared to its average volume of 577,379. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $523.68. The company has a market cap of $22.82 billion, a PE ratio of 19.83, a PEG ratio of 3.07 and a beta of 1.12. The stock has a 50 day simple moving average of $475.19 and a 200-day simple moving average of $411.50.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, beating analysts' consensus estimates of $5.73 by $0.97. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter last year, the firm earned $6.47 EPS. Ulta Beauty's quarterly revenue was up 4.5% on a year-over-year basis. As a group, equities research analysts predict that Ulta Beauty Inc. will post 23.96 EPS for the current year.

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.