Ulta Beauty, Inc. (NASDAQ:ULTA) Stock Holdings Lessened by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. decreased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,534 shares of the specialty retailer’s stock after selling 159 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Ulta Beauty were worth $1,537,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Allstate Corp acquired a new position in Ulta Beauty during the 4th quarter valued at about $596,000. Brown Brothers Harriman & Co. grew its stake in shares of Ulta Beauty by 213.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 160 shares of the specialty retailer’s stock worth $70,000 after purchasing an additional 109 shares in the last quarter. DnB Asset Management AS increased its holdings in shares of Ulta Beauty by 0.5% during the fourth quarter. DnB Asset Management AS now owns 9,353 shares of the specialty retailer’s stock valued at $4,068,000 after purchasing an additional 45 shares during the period. denkapparat Operations GmbH bought a new stake in shares of Ulta Beauty during the fourth quarter valued at about $246,000. Finally, Pictet Asset Management Holding SA lifted its holdings in Ulta Beauty by 8.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 135,375 shares of the specialty retailer’s stock worth $58,879,000 after purchasing an additional 10,662 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ULTA shares. Citigroup decreased their price objective on shares of Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating for the company in a report on Monday, March 17th. BMO Capital Markets decreased their target price on 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. Canaccord Genuity Group dropped their price target on shares of Ulta Beauty from $538.00 to $526.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Loop Capital lifted their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Barclays cut their target price 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. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Ulta Beauty presently has a consensus rating of “Hold” and a consensus target price of $427.13.

Ulta Beauty Stock Performance

Shares of NASDAQ ULTA opened at $359.47 on Friday. The business has a fifty day moving average of $373.67 and a two-hundred day moving average of $386.22. Ulta Beauty, Inc. has a 52-week low of $309.01 and a 52-week high of $529.67. The stock has a market cap of $16.67 billion, a PE ratio of 14.38, a PEG ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last issued 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 firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.08 earnings per share. Analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current 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.