Ulta Beauty, Inc. (NASDAQ:ULTA) Stake Lowered by Trust Investment Advisors

Trust Investment Advisors trimmed its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,550 shares of the specialty retailer’s stock after selling 28 shares during the quarter. Trust Investment Advisors’ holdings in Ulta Beauty were worth $674,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ULTA. Smartleaf Asset Management LLC lifted its holdings in shares of Ulta Beauty by 28.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer’s stock valued at $72,000 after buying an additional 37 shares during the last quarter. Blueshift Asset Management LLC lifted its stake in Ulta Beauty by 1,052.6% in the third quarter. Blueshift Asset Management LLC now owns 8,218 shares of the specialty retailer’s stock valued at $3,198,000 after acquiring an additional 7,505 shares during the last quarter. Savant Capital LLC grew its position in Ulta Beauty by 199.5% in the fourth quarter. Savant Capital LLC now owns 4,646 shares of the specialty retailer’s stock worth $2,021,000 after acquiring an additional 3,095 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Ulta Beauty by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 307,665 shares of the specialty retailer’s stock worth $119,719,000 after purchasing an additional 6,825 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in shares of Ulta Beauty by 7.8% in the 4th quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer’s stock valued at $1,663,000 after purchasing an additional 288 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Price Performance

ULTA stock opened at $370.75 on Wednesday. The company has a 50 day moving average price of $376.15 and a 200 day moving average price of $386.59. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $529.67. The stock has a market capitalization of $17.19 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.13 by $1.33. The business 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%. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $8.08 earnings per share. As a group, equities 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 analysts have weighed in on ULTA shares. Stifel Nicolaus reduced their price target on Ulta Beauty from $475.00 to $400.00 and set a “hold” rating for the company in a research report on Friday, March 14th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a research report on Monday, March 10th. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price objective on shares of Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating for the company in a report on Friday, March 14th. Finally, B. Riley lowered their target price on shares of Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $427.13.

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.