Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Janney Capital Management LLC

Janney Capital Management LLC trimmed its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.3% in the 4th quarter, HoldingsChannel reports. The fund owned 18,911 shares of the specialty retailer’s stock after selling 647 shares during the quarter. Janney Capital Management LLC’s holdings in Ulta Beauty were worth $8,225,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ULTA. International Assets Investment Management LLC grew its holdings in shares of Ulta Beauty by 180,713.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after purchasing an additional 1,237,884 shares during the period. Ontario Teachers Pension Plan Board purchased a new position in Ulta Beauty during the third quarter worth about $359,480,000. Holocene Advisors LP increased its position in shares of Ulta Beauty by 3,246.2% during the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after acquiring an additional 335,914 shares during the last quarter. Atreides Management LP purchased a new stake in shares of Ulta Beauty in the 3rd quarter valued at approximately $73,069,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Ulta Beauty by 258.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock worth $54,884,000 after acquiring an additional 90,972 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Down 1.7 %

Shares of ULTA opened at $414.96 on Wednesday. The company has a market capitalization of $19.24 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 0.97 and a beta of 1.28. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The stock has a 50 day moving average price of $405.37 and a 200 day moving average price of $385.00.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.45 by $0.69. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.07 EPS. On average, equities analysts anticipate that Ulta Beauty, Inc. will post 23.93 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on ULTA shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Telsey Advisory Group reiterated an “outperform” rating and issued a $500.00 price objective on shares of Ulta Beauty in a report on Tuesday, January 7th. Stifel Nicolaus raised their target price on Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. Loop Capital boosted their price target 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, JPMorgan Chase & Co. lifted their price objective on shares of Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a report on Friday, December 6th. 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $459.22.

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.