Advisors Asset Management Inc. Has $6.53 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Advisors Asset Management Inc. lessened its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 14.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,004 shares of the specialty retailer’s stock after selling 2,527 shares during the period. Advisors Asset Management Inc.’s holdings in Ulta Beauty were worth $6,526,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sunbelt Securities Inc. boosted its position in Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 45 shares during the period. Westside Investment Management Inc. increased its stake in Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 50 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in Ulta Beauty in the 4th quarter worth approximately $43,000. Ameliora Wealth Management Ltd. purchased a new stake in Ulta Beauty in the 4th quarter worth approximately $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Ulta Beauty during the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Down 3.7 %

Shares of ULTA stock opened at $343.83 on Wednesday. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $535.08. The company has a market capitalization of $15.94 billion, a P/E ratio of 13.76, a P/E/G ratio of 0.89 and a beta of 1.34. The stock has a 50 day moving average of $381.84 and a two-hundred day moving average of $386.80.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the prior year, the business posted $8.08 earnings per share. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. Sell-side analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ULTA shares. B. Riley cut their price objective on Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Telsey Advisory Group reiterated an “outperform” rating and set a $500.00 price target on shares of Ulta Beauty in a report on Monday, March 10th. William Blair downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. TD Cowen lifted their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Finally, 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 note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $427.13.

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.