Old Mutual Global Investors UK Ltd. lessened its holdings in Ulta Beauty Inc (NASDAQ:ULTA) by 16.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 440,869 shares of the specialty retailer’s stock after selling 87,124 shares during the quarter. Old Mutual Global Investors UK Ltd. owned 0.72% of Ulta Beauty worth $98,604,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. QS Investors LLC raised its position in shares of Ulta Beauty by 0.8% during the 2nd quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after purchasing an additional 6 shares during the last quarter. Trust Co acquired a new position in shares of Ulta Beauty during the 3rd quarter worth approximately $251,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Ulta Beauty during the 3rd quarter worth approximately $260,000. Grandeur Peak Global Advisors LLC acquired a new position in shares of Ulta Beauty during the 3rd quarter worth approximately $260,000. Finally, KSA Capital Management LLC acquired a new position in shares of Ulta Beauty during the 3rd quarter worth approximately $271,000. 86.68% of the stock is currently owned by institutional investors.
Shares of Ulta Beauty Inc (NASDAQ ULTA) traded down $0.85 during trading on Tuesday, reaching $203.15. 1,059,700 shares of the company were exchanged, compared to its average volume of 1,233,971. Ulta Beauty Inc has a 12-month low of $187.96 and a 12-month high of $314.86. The stock has a market cap of $12,340.00, a PE ratio of 26.13, a price-to-earnings-growth ratio of 0.99 and a beta of 0.54.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.03. Ulta Beauty had a net margin of 8.82% and a return on equity of 29.64%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. analysts predict that Ulta Beauty Inc will post 8.35 EPS for the current year.
Several research analysts have weighed in on ULTA shares. Robert W. Baird set a $265.00 price target on Ulta Beauty and gave the company a “buy” rating in a report on Monday, October 23rd. KeyCorp set a $270.00 price target on Ulta Beauty and gave the company a “buy” rating in a report on Monday, November 27th. BMO Capital Markets reiterated a “hold” rating and issued a $235.00 price target on shares of Ulta Beauty in a report on Thursday, November 2nd. Buckingham Research upgraded Ulta Beauty from a “neutral” rating to a “buy” rating and set a $225.00 price target for the company in a report on Tuesday, December 19th. They noted that the move was a valuation call. Finally, Loop Capital set a $300.00 price target on Ulta Beauty and gave the company a “buy” rating in a report on Monday, November 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $262.91.
Ulta Beauty Company Profile
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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