Nomura Holdings Inc. lessened its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 25.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 17,176 shares of the specialty retailer's stock after selling 5,808 shares during the period. Nomura Holdings Inc.'s holdings in Ulta Beauty were worth $7,470,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Prestige Wealth Management Group LLC increased its stake in 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 buying an additional 34 shares in the last quarter. Edge Capital Group LLC purchased a new stake in Ulta Beauty in the 4th quarter worth $33,000. Ameliora Wealth Management Ltd. purchased a new stake in Ulta Beauty in the 4th quarter worth $43,000. Colonial Trust Co SC increased its stake in Ulta Beauty by 36.9% in the 4th quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer's stock worth $50,000 after buying an additional 31 shares in the last quarter. Finally, Trust Co. of Vermont increased its stake in Ulta Beauty by 60.0% in the 4th quarter. Trust Co. of Vermont now owns 144 shares of the specialty retailer's stock worth $63,000 after buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.
Ulta Beauty Stock Performance
NASDAQ ULTA traded up $1.25 during trading on Friday, hitting $412.99. The stock had a trading volume of 407,728 shares, compared to its average volume of 1,054,771. The stock has a market capitalization of $18.65 billion, a price-to-earnings ratio of 16.53, a P/E/G ratio of 0.89 and a beta of 1.06. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $460.00. The stock has a 50 day simple moving average of $370.52 and a 200 day simple moving average of $385.52.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.13 by $1.33. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm's quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $8.08 earnings per share. On average, sell-side analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.
Insider Activity
In other news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, April 1st. The shares were 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 owns 7,632 shares of the company's stock, valued at approximately $2,817,429.12. The trade was a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.17% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on ULTA shares. B. Riley cut their price target on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. BMO Capital Markets dropped their price objective on shares of Ulta Beauty from $467.00 to $404.00 and set a "market perform" 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 price objective for the company from $384.00 to $423.00 in a report on Tuesday, April 1st. JPMorgan Chase & Co. dropped their price objective on shares of Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Finally, Stifel Nicolaus dropped their price objective on shares of Ulta Beauty from $475.00 to $400.00 and set a "hold" rating for the company in a report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Ulta Beauty currently has a consensus rating of "Hold" and a consensus price target of $426.08.
Read Our Latest Stock Report on Ulta Beauty
About Ulta Beauty
(
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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