Ulta Beauty, Inc. (NASDAQ:ULTA) Position Cut by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC trimmed its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,443 shares of the specialty retailer’s stock after selling 70 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Ulta Beauty were worth $628,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ULTA. Ontario Teachers Pension Plan Board bought a new position in Ulta Beauty during the 3rd quarter valued at $359,480,000. Holocene Advisors LP boosted its stake in Ulta Beauty by 3,246.2% during the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after purchasing an additional 335,914 shares in the last quarter. Atreides Management LP bought a new position in Ulta Beauty during the 3rd quarter valued at $73,069,000. Assenagon Asset Management S.A. boosted its stake in Ulta Beauty by 258.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock valued at $54,884,000 after purchasing an additional 90,972 shares in the last quarter. Finally, Edge Capital Group LLC bought a new position in Ulta Beauty during the 4th quarter valued at $33,000. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ULTA shares. Citigroup increased their price target on Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. William Blair downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Bank of America increased their price objective on Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Loop Capital increased their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Oppenheimer increased their price objective on Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Ulta Beauty currently has an average rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty Trading Down 0.3 %

ULTA opened at $365.78 on Friday. The stock has a market cap of $16.96 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 0.89 and a beta of 1.28. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The stock has a fifty day moving average price of $404.31 and a 200 day moving average price of $387.81.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 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 up 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $5.07 earnings per share. As a group, sell-side analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

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.