Mattson Financial Services LLC reduced its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 65.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 327 shares of the specialty retailer's stock after selling 612 shares during the quarter. Mattson Financial Services LLC's holdings in Ulta Beauty were worth $142,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Prestige Wealth Management Group LLC boosted its holdings in shares of Ulta Beauty by 121.4% during the fourth 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 during the period. Ameliora Wealth Management Ltd. acquired a new stake in shares of Ulta Beauty during the fourth quarter worth approximately $43,000. Colonial Trust Co SC lifted its stake in Ulta Beauty by 36.9% in the fourth quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer's stock valued at $50,000 after acquiring an additional 31 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in Ulta Beauty in the fourth quarter valued at approximately $53,000. Finally, Brown Brothers Harriman & Co. lifted its stake in Ulta Beauty by 213.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 160 shares of the specialty retailer's stock valued at $70,000 after acquiring an additional 109 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Ulta Beauty
In other 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 in the company, valued at approximately $2,817,429.12. The trade was a 10.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.17% of the company's stock.
Ulta Beauty Price Performance
ULTA stock traded up $47.92 on Friday, reaching $469.71. 4,593,456 shares of the company were exchanged, compared to its average volume of 1,061,241. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $491.32. The stock's fifty day moving average price is $384.70 and its 200 day moving average price is $387.99. The firm has a market capitalization of $21.21 billion, a PE ratio of 18.80, a PEG ratio of 0.89 and a beta of 1.06.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.73 by $0.97. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.79 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.47 EPS. As a group, research analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have issued reports on ULTA shares. Canaccord Genuity Group lifted their target price on shares of Ulta Beauty from $510.00 to $542.00 and gave the company a "buy" rating in a research note on Friday. Oppenheimer lifted their target price on shares of Ulta Beauty from $465.00 to $510.00 and gave the company an "outperform" rating in a research note on Friday. Morgan Stanley lifted their target price on shares of Ulta Beauty from $460.00 to $550.00 and gave the company an "overweight" rating in a research note on Friday. B. Riley reduced their target price on shares of Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Finally, Telsey Advisory Group lifted their target price on shares of Ulta Beauty from $460.00 to $520.00 and gave the company an "outperform" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $454.04.
Check Out Our Latest Report on Ulta Beauty
Ulta Beauty Profile
(
Free Report)
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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