Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Jump Financial LLC

Jump Financial LLC trimmed its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 93.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 873 shares of the specialty retailer's stock after selling 12,759 shares during the quarter. Jump Financial LLC's holdings in Ulta Beauty were worth $380,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cornerstone Investment Partners LLC grew its stake in shares of Ulta Beauty by 3.9% during the fourth quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer's stock valued at $289,000 after buying an additional 25 shares during the last quarter. RWA Wealth Partners LLC raised its position in shares of Ulta Beauty by 1.5% in the 4th quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer's stock worth $812,000 after acquiring an additional 28 shares in the last quarter. Stonegate Investment Group LLC boosted its holdings in shares of Ulta Beauty by 0.5% in the 4th quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer's stock valued at $2,881,000 after buying an additional 34 shares in the last quarter. Resonant Capital Advisors LLC increased its position in shares of Ulta Beauty by 2.2% during the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer's stock worth $685,000 after purchasing an additional 34 shares in the last quarter. Finally, Prestige Wealth Management Group LLC boosted its holdings in Ulta Beauty by 121.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 34 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock traded down $1.22 on Thursday, reaching $394.42. 98,899 shares of the company were exchanged, compared to its average volume of 1,050,167. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $460.00. The stock's 50 day moving average price is $360.02 and its 200-day moving average price is $383.04. The company has a market cap of $17.81 billion, a P/E ratio of 15.77, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm's quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $8.08 EPS. On average, research analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the transaction, the insider now owns 7,632 shares of the company's stock, valued at $2,817,429.12. This represents a 10.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.39% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ULTA shares. Canaccord Genuity Group dropped 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. BMO Capital Markets dropped their price target on shares of Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a research note on Friday, March 14th. Barclays decreased their target price on Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating on the stock in a research report on Friday, March 14th. Telsey Advisory Group reiterated an "outperform" rating and issued a $500.00 price objective on shares of Ulta Beauty in a report on Monday, March 10th. Finally, Oppenheimer upped their price objective on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Ulta Beauty has an average rating of "Hold" and a consensus price target of $427.17.

Ulta Beauty 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.