Fiduciary Trust Co Cuts Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Fiduciary Trust Co decreased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 23.8% during the fourth quarter, HoldingsChannel reports. The firm owned 8,019 shares of the specialty retailer’s stock after selling 2,509 shares during the period. Fiduciary Trust Co’s holdings in Ulta Beauty were worth $3,488,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC lifted its position in Ulta Beauty by 121.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock worth $27,000 after buying an additional 34 shares during the last quarter. Edge Capital Group LLC bought a new stake in shares of Ulta Beauty in the 4th quarter worth approximately $33,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Ulta Beauty in the 4th quarter valued at $43,000. Ameliora Wealth Management Ltd. bought a new position in shares of Ulta Beauty during the 4th quarter valued at $43,000. Finally, Colonial Trust Co SC raised its position in Ulta Beauty by 36.9% in the 4th quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer’s stock worth $50,000 after purchasing an additional 31 shares during the period. Institutional investors own 90.39% of the company’s stock.

Insider Activity

In related news, insider Jodi J. Caro sold 902 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the sale, the insider now directly owns 7,632 shares of the company’s stock, valued at approximately $2,817,429.12. This represents a 10.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.39% of the company’s stock.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $393.17 on Friday. The firm has a market capitalization of $17.75 billion, a P/E ratio of 15.73, a PEG ratio of 0.89 and a beta of 1.06. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $460.00. The company’s 50-day simple moving average is $364.49 and its 200 day simple moving average is $384.12.

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 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 business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.08 EPS. On average, equities research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Barclays reduced their price objective on Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating on the stock in a research note on Friday, March 14th. Bank of America decreased their price target on Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. B. Riley dropped their price objective on Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Argus cut shares of Ulta Beauty from a “buy” rating to a “hold” rating in a report on Monday, April 14th. Finally, Morgan Stanley lowered their price target on shares of Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating for the company in a report on Friday, March 14th. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $427.17.

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.