Gotham Asset Management LLC trimmed its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,555 shares of the specialty retailer's stock after selling 716 shares during the period. Gotham Asset Management LLC owned about 0.06% of Ulta Beauty worth $11,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in the business. ORG Partners LLC purchased a new position in shares of Ulta Beauty in the 4th quarter valued at $57,000. Czech National Bank raised its holdings in shares of Ulta Beauty by 5.1% during the fourth quarter. Czech National Bank now owns 10,216 shares of the specialty retailer's stock worth $4,443,000 after purchasing an additional 496 shares during the last quarter. Brookstone Capital Management acquired a new position in shares of Ulta Beauty in the 4th quarter valued at about $348,000. Future Financial Wealth Managment LLC purchased a new stake in Ulta Beauty in the 4th quarter worth approximately $43,000. Finally, Fulcrum Capital LLC grew its position in Ulta Beauty by 2.5% during the fourth quarter. Fulcrum Capital LLC now owns 18,150 shares of the specialty retailer's stock valued at $7,894,000 after buying an additional 451 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.
Ulta Beauty Price Performance
Shares of NASDAQ:ULTA traded up $0.36 during mid-day trading on Thursday, reaching $411.74. 464,317 shares of the company were exchanged, compared to its average volume of 1,050,923. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $460.00. The firm's 50-day simple moving average is $367.96 and its 200 day simple moving average is $385.00. The firm has a market cap of $18.59 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 0.89 and a beta of 1.06.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, beating 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 business had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same period in the previous year, the firm posted $8.08 earnings per share. The company's revenue was down 1.9% on a year-over-year basis. On average, research analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the completion of the transaction, the insider now directly owns 7,632 shares in the company, valued at approximately $2,817,429.12. This trade represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.17% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on ULTA. BMO Capital Markets decreased their target price on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a research report on Friday, March 14th. Morgan Stanley cut their price objective on Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. B. Riley decreased their target price on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Canaccord Genuity Group lowered their price target on Ulta Beauty from $538.00 to $526.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Finally, DA Davidson reissued a "buy" rating and issued a $415.00 price objective on shares of Ulta Beauty in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $426.08.
Check Out Our Latest Stock Analysis on ULTA
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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