Tobam Sells 1,434 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Tobam cut its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 84.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 267 shares of the specialty retailer’s stock after selling 1,434 shares during the quarter. Tobam’s holdings in Ulta Beauty were worth $116,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jensen Investment Management Inc. lifted its holdings in Ulta Beauty by 17.9% during the 3rd quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock valued at $4,409,000 after purchasing an additional 1,720 shares during the last quarter. Versor Investments LP bought a new position in shares of Ulta Beauty in the third quarter valued at approximately $793,000. Stephens Inc. AR boosted its holdings in shares of Ulta Beauty by 31.0% in the 3rd quarter. Stephens Inc. AR now owns 16,014 shares of the specialty retailer’s stock worth $6,231,000 after acquiring an additional 3,791 shares in the last quarter. Chase Investment Counsel Corp grew its position in Ulta Beauty by 100.0% during the 3rd quarter. Chase Investment Counsel Corp now owns 4,000 shares of the specialty retailer’s stock worth $1,556,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Integrated Investment Consultants LLC acquired a new stake in Ulta Beauty during the 3rd quarter valued at $4,480,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. TD Cowen boosted their price objective on Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Telsey Advisory Group reiterated an “outperform” rating and set a $500.00 price target on shares of Ulta Beauty in a research report on Tuesday, January 7th. William Blair cut shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Citigroup upped their target price on shares of Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, Raymond James lowered their price target on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $459.22.

Ulta Beauty Trading Down 6.7 %

NASDAQ:ULTA opened at $374.79 on Friday. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The stock has a 50-day moving average price of $418.04 and a two-hundred day moving average price of $386.34. The stock has a market cap of $17.38 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 0.96 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.69. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.07 EPS. Sell-side analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

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.