Nuveen Asset Management LLC Has $63.90 Million Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Nuveen Asset Management LLC lessened its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 146,920 shares of the specialty retailer’s stock after selling 1,456 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.32% of Ulta Beauty worth $63,900,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ULTA. Capital World Investors acquired a new position in Ulta Beauty during the fourth quarter worth approximately $430,674,000. Norges Bank acquired a new stake in Ulta Beauty during the fourth quarter worth approximately $239,432,000. Marshall Wace LLP lifted its position in Ulta Beauty by 10,336.7% during the fourth quarter. Marshall Wace LLP now owns 459,110 shares of the specialty retailer’s stock worth $199,681,000 after acquiring an additional 454,711 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Ulta Beauty during the fourth quarter worth approximately $58,074,000. Finally, Victory Capital Management Inc. lifted its position in Ulta Beauty by 364.6% during the fourth quarter. Victory Capital Management Inc. now owns 159,053 shares of the specialty retailer’s stock worth $69,177,000 after acquiring an additional 124,822 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ULTA. Canaccord Genuity Group cut their price objective on shares of Ulta Beauty from $538.00 to $526.00 and set a “buy” rating for the company in a research report on Friday, March 14th. JPMorgan Chase & Co. cut their price objective on shares of Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Bank of America cut their price objective on shares of Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Wells Fargo & Company raised their price objective on shares of Ulta Beauty from $300.00 to $315.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 14th. Finally, DA Davidson restated a “buy” rating and set a $415.00 price objective on shares of Ulta Beauty in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Ulta Beauty currently has an average rating of “Hold” and an average price target of $426.08.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $412.99 on Monday. The firm’s fifty day moving average price is $370.52 and its two-hundred day moving average price is $385.63. The stock has a market cap of $18.65 billion, a PE ratio of 16.53, a PEG ratio of 0.89 and a beta of 1.06. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $460.00.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results 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 company 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 company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $8.08 earnings per share. As a group, sell-side analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Insider Transactions at Ulta Beauty

In other news, insider Jodi J. Caro sold 902 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 7,632 shares in the company, valued at approximately $2,817,429.12. This represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.17% of the company’s stock.

About Ulta Beauty

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.