Corient Private Wealth LLC Trims Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Corient Private Wealth LLC lowered its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 26.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,744 shares of the specialty retailer’s stock after selling 4,972 shares during the quarter. Corient Private Wealth LLC’s holdings in Ulta Beauty were worth $5,978,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC raised its stake in shares of Ulta Beauty by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock valued at $461,059,000 after acquiring an additional 10,153 shares during the period. Champlain Investment Partners LLC grew its holdings in shares of Ulta Beauty by 5.4% in the third quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock worth $237,519,000 after purchasing an additional 31,540 shares during the last quarter. Amundi grew its holdings in shares of Ulta Beauty by 19.7% in the fourth quarter. Amundi now owns 450,239 shares of the specialty retailer’s stock worth $186,912,000 after purchasing an additional 74,013 shares during the last quarter. Holocene Advisors LP grew its holdings in shares of Ulta Beauty by 3,246.2% in the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock worth $134,737,000 after purchasing an additional 335,914 shares during the last quarter. Finally, Swedbank AB grew its holdings in shares of Ulta Beauty by 33.9% in the third quarter. Swedbank AB now owns 321,605 shares of the specialty retailer’s stock worth $125,143,000 after purchasing an additional 81,414 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Up 2.8 %

Shares of Ulta Beauty stock opened at $350.57 on Friday. The firm has a market capitalization of $16.26 billion, a P/E ratio of 14.03, a PEG ratio of 0.89 and a beta of 1.34. The company has a 50 day moving average price of $377.57 and a 200 day moving average price of $386.17. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $529.67.

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 analysts’ consensus estimates of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the firm posted $8.08 EPS. Ulta Beauty’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, research analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ULTA shares. B. Riley cut their price target on shares of Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. DA Davidson cut their price target on shares of Ulta Beauty from $510.00 to $415.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Barclays dropped their target price on shares of Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. TD Cowen increased their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Finally, Canaccord Genuity Group dropped their target price on shares of Ulta Beauty from $538.00 to $526.00 and set a “buy” rating on the stock in a report 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $427.13.

About Ulta Beauty

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.