Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Baldwin Investment Management LLC

Baldwin Investment Management LLC reduced its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 37.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,803 shares of the specialty retailer's stock after selling 2,308 shares during the quarter. Baldwin Investment Management LLC's holdings in Ulta Beauty were worth $1,654,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ULTA. World Investment Advisors LLC acquired a new stake in shares of Ulta Beauty during the 3rd quarter valued at approximately $212,000. Synovus Financial Corp increased its stake in Ulta Beauty by 5.2% during the third quarter. Synovus Financial Corp now owns 2,556 shares of the specialty retailer's stock valued at $995,000 after purchasing an additional 126 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Ulta Beauty by 170.4% during the fourth quarter. GAMMA Investing LLC now owns 1,141 shares of the specialty retailer's stock worth $496,000 after purchasing an additional 719 shares during the period. Nordea Investment Management AB lifted its position in shares of Ulta Beauty by 14.0% in the 4th quarter. Nordea Investment Management AB now owns 32,031 shares of the specialty retailer's stock worth $14,015,000 after buying an additional 3,935 shares during the last quarter. Finally, Douglas Lane & Associates LLC lifted its position in shares of Ulta Beauty by 5.4% in the 4th quarter. Douglas Lane & Associates LLC now owns 2,109 shares of the specialty retailer's stock worth $917,000 after buying an additional 108 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $395.81 on Friday. The stock has a market capitalization of $17.87 billion, a P/E ratio of 15.84, a P/E/G ratio of 0.89 and a beta of 1.16. The business's fifty day moving average is $361.20 and its two-hundred day moving average is $383.45. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $460.00.

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 (EPS) for the quarter, topping analysts' consensus estimates of $7.13 by $1.33. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.08 earnings per share. On average, research analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ULTA. Barclays dropped their price objective on shares of Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. TD Cowen raised their price target on Ulta Beauty from $450.00 to $480.00 and gave the stock a "hold" rating in a report on Wednesday, January 8th. Bank of America lowered their price objective on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. The Goldman Sachs Group upgraded Ulta Beauty from a "neutral" rating to a "buy" rating and raised their target price for the company from $384.00 to $423.00 in a research note on Tuesday, April 1st. Finally, DA Davidson restated a "buy" rating and set a $415.00 price target on shares of Ulta Beauty in a research report on Wednesday, April 16th. 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 MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $427.17.

Insider Buying and Selling

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the firm's stock in a transaction dated 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 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 legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.39% 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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