EFG Asset Management North America Corp. Sells 211 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

EFG Asset Management North America Corp. lowered its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,225 shares of the specialty retailer’s stock after selling 211 shares during the period. EFG Asset Management North America Corp.’s holdings in Ulta Beauty were worth $2,273,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Prudential Financial Inc. raised its position in Ulta Beauty by 91.0% in the 4th quarter. Prudential Financial Inc. now owns 64,985 shares of the specialty retailer’s stock valued at $28,264,000 after purchasing an additional 30,962 shares during the last quarter. Stevens Capital Management LP increased its stake in shares of Ulta Beauty by 20.5% in the fourth quarter. Stevens Capital Management LP now owns 1,342 shares of the specialty retailer’s stock valued at $584,000 after buying an additional 228 shares in the last quarter. Heron Bay Capital Management increased its stake in shares of Ulta Beauty by 0.4% in the fourth quarter. Heron Bay Capital Management now owns 38,810 shares of the specialty retailer’s stock valued at $16,880,000 after buying an additional 171 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Ulta Beauty in the fourth quarter valued at about $7,270,000. Finally, American Century Companies Inc. lifted its position in Ulta Beauty by 7.5% during the 4th quarter. American Century Companies Inc. now owns 85,334 shares of the specialty retailer’s stock worth $37,114,000 after buying an additional 5,938 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Up 1.3 %

Shares of NASDAQ ULTA opened at $370.75 on Wednesday. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $529.67. The stock has a market cap of $17.19 billion, a price-to-earnings ratio of 14.84, a P/E/G ratio of 0.89 and a beta of 1.34. The company’s fifty day moving average is $376.15 and its 200-day moving average is $386.59.

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

Analyst Ratings Changes

ULTA has been the subject of several research reports. DA Davidson lowered their price objective on shares of Ulta Beauty from $510.00 to $415.00 and set a “buy” rating for the company in a research report on Friday, March 14th. UBS Group raised their price target on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a report on Friday, December 6th. TD Cowen upped their price objective on Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Oppenheimer lifted their target price on Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, BMO Capital Markets cut their price target on Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating on the stock in a research note on Friday, March 14th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $427.13.

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.