Moloney Securities Asset Management LLC Sells 540 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Moloney Securities Asset Management LLC lessened its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 39.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 834 shares of the specialty retailer’s stock after selling 540 shares during the period. Moloney Securities Asset Management LLC’s holdings in Ulta Beauty were worth $363,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. International Assets Investment Management LLC lifted its stake in Ulta Beauty by 180,713.0% in the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after buying an additional 1,237,884 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Ulta Beauty by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock worth $461,059,000 after acquiring an additional 10,153 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of Ulta Beauty during the third quarter worth $359,480,000. Champlain Investment Partners LLC lifted its position in Ulta Beauty by 5.4% in the 3rd quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock valued at $237,519,000 after acquiring an additional 31,540 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt boosted its stake in Ulta Beauty by 14.4% in the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock worth $200,944,000 after purchasing an additional 65,000 shares during the period. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $376.34 on Tuesday. The business has a fifty day simple moving average of $417.81 and a two-hundred day simple moving average of $386.32. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The company has a market capitalization of $17.45 billion, a price-to-earnings ratio of 15.06, a P/E/G ratio of 0.96 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter last year, the company posted $5.07 EPS. Ulta Beauty’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, equities analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. TD Cowen lifted their price target on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Loop Capital boosted their target price on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research note on Monday, December 9th. DA Davidson upped their price target on Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. BMO Capital Markets lifted their price objective on shares of Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Finally, UBS Group increased their target price on shares of Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ulta Beauty currently has a consensus rating of “Hold” and an average target price of $459.22.

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.