Ulta Beauty, Inc. (NASDAQ:ULTA) Holdings Trimmed by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. decreased its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 9.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,049 shares of the specialty retailer’s stock after selling 3,878 shares during the period. Rockefeller Capital Management L.P. owned about 0.08% of Ulta Beauty worth $16,114,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Ulta Beauty during the fourth quarter worth approximately $239,432,000. Proficio Capital Partners LLC bought a new stake in Ulta Beauty in the fourth quarter valued at about $58,074,000. Victory Capital Management Inc. grew its stake in shares of Ulta Beauty by 364.6% in the 4th quarter. Victory Capital Management Inc. now owns 159,053 shares of the specialty retailer’s stock valued at $69,177,000 after purchasing an additional 124,822 shares during the period. Assenagon Asset Management S.A. raised its stake in Ulta Beauty by 258.3% during the fourth 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 in the last quarter. Finally, Edge Capital Group LLC bought a new position in Ulta Beauty during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Up 1.3 %

Shares of ULTA stock opened at $366.25 on Tuesday. The business’s fifty day moving average is $359.24 and its 200 day moving average is $383.03. The stock has a market cap of $16.59 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 0.89 and a beta of 1.16. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $460.00.

Ulta Beauty (NASDAQ:ULTA) last issued its 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 for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the firm posted $8.08 earnings per share. The business’s revenue was down 1.9% on a year-over-year basis. Equities research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ULTA. B. Riley reduced their target price on shares of Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Oppenheimer boosted their target price on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Morgan Stanley dropped their price objective on Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating on the stock in a research note on Friday, March 14th. DA Davidson dropped their target price 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. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $500.00 price target on shares of Ulta Beauty in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $427.61.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the sale, the insider now directly owns 7,632 shares in the company, valued at approximately $2,817,429.12. The trade was a 10.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.39% of the company’s stock.

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.