Voya Investment Management LLC Sells 2,077 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Voya Investment Management LLC cut its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,611 shares of the specialty retailer’s stock after selling 2,077 shares during the period. Voya Investment Management LLC owned 0.06% of Ulta Beauty worth $11,574,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ULTA. Virtu Financial LLC raised its position in Ulta Beauty by 50.3% in the third quarter. Virtu Financial LLC now owns 5,086 shares of the specialty retailer’s stock worth $1,979,000 after acquiring an additional 1,702 shares during the period. Westside Investment Management Inc. raised its position in Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 50 shares during the period. Diamant Asset Management Inc. raised its position in Ulta Beauty by 2.1% in the third quarter. Diamant Asset Management Inc. now owns 2,920 shares of the specialty retailer’s stock worth $1,136,000 after acquiring an additional 60 shares during the period. Rule One Partners LLC bought a new position in Ulta Beauty in the third quarter worth approximately $2,179,000. Finally, Pine Valley Investments Ltd Liability Co increased its stake in shares of Ulta Beauty by 12.4% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 9,589 shares of the specialty retailer’s stock worth $3,731,000 after purchasing an additional 1,057 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

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 transaction of $332,982.32. Following the transaction, the insider now owns 7,632 shares of the company’s stock, valued at approximately $2,817,429.12. This represents a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Barclays reduced their price objective on shares of Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating for the company in a research note on Friday, March 14th. BMO Capital Markets reduced their price objective on shares of Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating for the company in a research note on Friday, March 14th. Citigroup reduced their price objective on shares of Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Piper Sandler reduced their price objective on shares of Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Finally, Oppenheimer increased their price objective on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $427.61.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA opened at $386.44 on Tuesday. The company has a market cap of $17.51 billion, a P/E ratio of 15.46, a PEG ratio of 0.89 and a beta of 1.16. The firm has a 50-day simple moving average of $358.87 and a two-hundred day simple moving average of $382.90. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $460.00.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, beating analysts’ consensus estimates of $7.13 by $1.33. The firm had revenue of $3.49 billion for 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 company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $8.08 earnings per share. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 23.96 EPS 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.