Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Headinvest LLC

Headinvest LLC cut its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 9.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,810 shares of the specialty retailer’s stock after selling 406 shares during the period. Headinvest LLC’s holdings in Ulta Beauty were worth $1,657,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of ULTA. Poehling Capital Management INC. acquired a new position in Ulta Beauty during the 4th quarter valued at about $1,175,000. Novem Group acquired a new position in Ulta Beauty during the 4th quarter valued at about $874,000. Mpwm Advisory Solutions LLC acquired a new position in Ulta Beauty during the 4th quarter valued at about $53,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Ulta Beauty by 10.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 437,809 shares of the specialty retailer’s stock valued at $190,416,000 after purchasing an additional 42,201 shares during the period. Finally, Woodline Partners LP acquired a new position in Ulta Beauty during the 4th quarter valued at about $1,230,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Performance

Shares of ULTA opened at $404.75 on Thursday. The company’s 50 day moving average price is $375.08 and its 200 day moving average price is $386.19. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $460.00. The company has a market capitalization of $18.27 billion, a PE ratio of 16.20, a PEG ratio of 0.89 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, beating analysts’ consensus estimates of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the firm posted $8.08 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. On average, equities analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on ULTA shares. Piper Sandler restated a “neutral” rating on shares of Ulta Beauty in a research report on Thursday, May 15th. Barclays dropped their price target on shares of Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating on the stock in a research report on Friday, March 14th. Citigroup upgraded shares of Ulta Beauty from a “neutral” rating to a “positive” rating in a research report on Wednesday, May 14th. Stifel Nicolaus dropped their price target on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating on the stock in a research report on Friday, March 14th. Finally, BMO Capital Markets dropped their price target on shares of Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating on the stock in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $424.00.

Insiders Place Their Bets

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 7,632 shares of the company’s stock, valued at $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 available at this hyperlink. Insiders own 0.39% of the company’s stock.

Ulta Beauty 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.