OMERS ADMINISTRATION Corp Cuts Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

OMERS ADMINISTRATION Corp lessened its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,519 shares of the specialty retailer's stock after selling 1,667 shares during the period. OMERS ADMINISTRATION Corp owned about 0.05% of Ulta Beauty worth $10,664,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Prestige Wealth Management Group LLC increased 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 valued at $27,000 after purchasing an additional 34 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in Ulta Beauty during the 4th quarter worth approximately $43,000. Ameliora Wealth Management Ltd. purchased a new stake in Ulta Beauty during the 4th quarter worth approximately $43,000. Colonial Trust Co SC increased its stake in Ulta Beauty by 36.9% during 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% during 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.

Analyst Upgrades and Downgrades

Several research firms have commented on ULTA. DA Davidson reiterated a "buy" rating and set a $415.00 price objective on shares of Ulta Beauty in a research note on Wednesday, April 16th. Canaccord Genuity Group cut their price objective on Ulta Beauty from $538.00 to $526.00 and set a "buy" rating for the company in a research note on Friday, March 14th. B. Riley dropped their price target on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. JPMorgan Chase & Co. dropped their price target on Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating for the company in a research report on Friday, March 14th. Finally, Citigroup dropped their price target on Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. 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 stock. Based on data from MarketBeat, Ulta Beauty has an average rating of "Hold" and a consensus target price of $427.17.

Ulta Beauty Stock Up 5.2%

NASDAQ:ULTA opened at $412.38 on Tuesday. The stock's fifty day moving average is $365.70 and its two-hundred day moving average is $384.63. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $460.00. The stock has a market capitalization of $18.62 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping 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 company had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.47 billion. During the same period in the prior year, the firm earned $8.08 earnings per share. The firm's revenue was down 1.9% compared to the same quarter last year. On average, sell-side analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Insider Buying and Selling at Ulta Beauty

In other news, insider Jodi J. Caro sold 902 shares of the firm'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 directly owns 7,632 shares in the company, valued at approximately $2,817,429.12. This trade represents a 10.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.17% of the company's stock.

Ulta Beauty Company 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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