Kovitz Investment Group Partners LLC Sells 7,299 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Kovitz Investment Group Partners LLC lessened its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 88.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 981 shares of the specialty retailer's stock after selling 7,299 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Ulta Beauty were worth $427,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Prestige Wealth Management Group LLC lifted its stake in shares of Ulta Beauty by 121.4% in 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 during the period. Westside Investment Management Inc. boosted its stake in shares of Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after acquiring an additional 50 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Ulta Beauty during the 4th quarter worth $43,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Ulta Beauty during the 4th quarter valued at $43,000. Finally, ORG Partners LLC purchased a new stake in shares of Ulta Beauty in the 4th quarter worth $57,000. Institutional investors own 90.39% of the company's stock.

Insider Buying and Selling at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 7,632 shares of the company's stock, valued at approximately $2,817,429.12. This trade represents a 10.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.39% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Stifel Nicolaus cut their price target on Ulta Beauty from $475.00 to $400.00 and set a "hold" rating for the company in a report on Friday, March 14th. The Goldman Sachs Group raised shares of Ulta Beauty from a "neutral" rating to a "buy" rating and increased their target price for the stock from $384.00 to $423.00 in a report on Tuesday, April 1st. Argus cut shares of Ulta Beauty from a "buy" rating to a "hold" rating in a research note on Monday, April 14th. Citigroup dropped their price target on shares of Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Ulta Beauty presently has an average rating of "Hold" and a consensus price target of $427.17.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $392.93 on Friday. The business's 50 day moving average price is $360.60 and its 200-day moving average price is $383.20. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $460.00. The company has a market cap of $17.74 billion, a P/E ratio of 15.72, a P/E/G ratio of 0.89 and a beta of 1.16.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, beating the consensus estimate of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the firm posted $8.08 earnings per share. The business's revenue for the quarter was down 1.9% on a year-over-year basis. As a group, equities analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

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.

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