Townsquare Capital LLC Reduces Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Townsquare Capital LLC reduced its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 65.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,519 shares of the specialty retailer’s stock after selling 4,706 shares during the period. Townsquare Capital LLC’s holdings in Ulta Beauty were worth $1,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC increased its holdings in shares of Ulta Beauty by 121.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 34 shares in the last quarter. Westside Investment Management Inc. increased its stake in Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 50 shares in the last quarter. Edge Capital Group LLC acquired a new position in Ulta Beauty during the 4th quarter valued at approximately $33,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Ulta Beauty during the fourth quarter worth $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in shares of Ulta Beauty during the fourth quarter worth $43,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Trading Up 2.3 %

NASDAQ:ULTA opened at $357.75 on Friday. The stock has a 50 day moving average of $357.49 and a two-hundred day moving average of $382.41. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $460.00. The firm has a market cap of $16.21 billion, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on ULTA. Piper Sandler reduced their target price on Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Barclays decreased their target price on Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. JPMorgan Chase & Co. cut their price target on shares of Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Morgan Stanley decreased their price objective on shares of Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. Finally, Wells Fargo & Company reduced their target price on shares of Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating for the company in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $427.61.

Insider Activity

In related news, insider Jodi J. Caro sold 902 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was 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 owns 7,632 shares of the company’s stock, valued at approximately $2,817,429.12. This trade represents a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.39% of the company’s stock.

Ulta Beauty Company 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.