Ulta Beauty, Inc. (NASDAQ:ULTA) Holdings Decreased by IHT Wealth Management LLC

IHT Wealth Management LLC reduced its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,921 shares of the specialty retailer’s stock after selling 100 shares during the period. IHT Wealth Management LLC’s holdings in Ulta Beauty were worth $836,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Ulta Beauty by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,199,935 shares of the specialty retailer’s stock worth $520,587,000 after purchasing an additional 11,205 shares in the last quarter. Capital World Investors purchased a new stake in Ulta Beauty in the 4th quarter worth approximately $430,674,000. Norges Bank acquired a new stake in shares of Ulta Beauty during the 4th quarter valued at $239,432,000. Dimensional Fund Advisors LP grew its holdings in shares of Ulta Beauty by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 466,584 shares of the specialty retailer’s stock valued at $202,936,000 after acquiring an additional 12,158 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Ulta Beauty by 10,336.7% in the fourth quarter. Marshall Wace LLP now owns 459,110 shares of the specialty retailer’s stock worth $199,681,000 after acquiring an additional 454,711 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jodi J. Caro sold 902 shares of the company’s 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 sale, the insider now directly owns 7,632 shares in the company, valued at approximately $2,817,429.12. This represents a 10.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on ULTA shares. The Goldman Sachs Group upgraded Ulta Beauty from a “neutral” rating to a “buy” rating and boosted their target price for the company from $384.00 to $423.00 in a research note on Tuesday, April 1st. Stifel Nicolaus lowered their price target on Ulta Beauty from $475.00 to $400.00 and set a “hold” rating for the company in a research note on Friday, March 14th. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. DA Davidson restated a “buy” rating and set a $415.00 price target on shares of Ulta Beauty in a research note on Wednesday, April 16th. Finally, Bank of America reduced their price objective on shares of Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $427.61.

Ulta Beauty Stock Up 2.2 %

ULTA stock opened at $385.93 on Friday. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $460.00. The company has a market cap of $17.49 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16. The business’s 50-day simple moving average is $358.04 and its 200 day simple moving average is $382.33.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data 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. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $8.08 EPS. On average, equities research analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

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.