Envestnet Asset Management Inc. cut its holdings in Ulta Beauty (NASDAQ:ULTA) by 15.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,719 shares of the specialty retailer’s stock after selling 1,744 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Ulta Beauty were worth $2,173,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. First Republic Investment Management Inc. raised its position in Ulta Beauty by 17.4% in the fourth quarter. First Republic Investment Management Inc. now owns 1,660 shares of the specialty retailer’s stock worth $371,000 after acquiring an additional 246 shares in the last quarter. Meadow Creek Investment Management LLC raised its position in Ulta Beauty by 9.5% in the fourth quarter. Meadow Creek Investment Management LLC now owns 2,912 shares of the specialty retailer’s stock worth $651,000 after acquiring an additional 252 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Ulta Beauty by 0.7% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 39,677 shares of the specialty retailer’s stock worth $8,969,000 after acquiring an additional 290 shares in the last quarter. Norinchukin Bank The raised its position in Ulta Beauty by 7.4% in the fourth quarter. Norinchukin Bank The now owns 4,667 shares of the specialty retailer’s stock worth $1,044,000 after acquiring an additional 323 shares in the last quarter. Finally, Profund Advisors LLC raised its position in Ulta Beauty by 6.4% in the fourth quarter. Profund Advisors LLC now owns 5,386 shares of the specialty retailer’s stock worth $1,205,000 after acquiring an additional 326 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.
Several equities research analysts have commented on the stock. Vetr upgraded shares of Ulta Beauty from a “buy” rating to a “strong-buy” rating and set a $237.11 price target on the stock in a research report on Monday. Piper Jaffray set a $212.00 price objective on Ulta Beauty and gave the stock a “hold” rating in a report on Thursday, March 15th. Zacks Investment Research upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $246.00 price objective on the stock in a report on Monday, February 5th. Wolfe Research cut their price objective on Ulta Beauty from $267.00 to $236.00 and set an “outperform” rating on the stock in a report on Monday, March 12th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $260.00 price objective (down previously from $300.00) on shares of Ulta Beauty in a report on Friday, March 16th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Ulta Beauty currently has an average rating of “Buy” and a consensus target price of $251.01.
NASDAQ:ULTA opened at $208.26 on Friday. Ulta Beauty has a fifty-two week low of $187.96 and a fifty-two week high of $314.86. The stock has a market cap of $12,541.70, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 1.07 and a beta of 0.68.
Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, March 15th. The specialty retailer reported $2.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.77 by ($0.02). Ulta Beauty had a net margin of 9.44% and a return on equity of 30.40%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the firm earned $2.24 EPS. The company’s revenue was up 22.6% compared to the same quarter last year. equities research analysts forecast that Ulta Beauty will post 10.74 earnings per share for the current year.
Ulta Beauty announced that its Board of Directors has approved a stock buyback plan on Thursday, March 15th that permits the company to repurchase $625.00 million in shares. This repurchase authorization permits the specialty retailer to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
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Ulta Beauty Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores provide cosmetics, fragrance, skincare, haircare, bath and body products, and salon styling tools, as well as others, including nail products and accessories. It offers private label products consisting of Ulta Beauty Collection branded cosmetics, skincare, and bath products.
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