Sanibel Captiva Trust Company Inc. Has $2.66 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Sanibel Captiva Trust Company Inc. trimmed its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 8.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,122 shares of the specialty retailer’s stock after selling 570 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Ulta Beauty were worth $2,663,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Ulta Beauty during the second quarter valued at about $19,136,000. Jensen Investment Management Inc. raised its holdings in Ulta Beauty by 17.9% in the 3rd quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock valued at $4,409,000 after buying an additional 1,720 shares during the last quarter. Distillate Capital Partners LLC bought a new position in Ulta Beauty in the 2nd quarter valued at approximately $14,665,000. Versor Investments LP acquired a new stake in Ulta Beauty during the 3rd quarter worth approximately $793,000. Finally, Stephens Inc. AR grew its holdings in Ulta Beauty by 31.0% during the 3rd quarter. Stephens Inc. AR now owns 16,014 shares of the specialty retailer’s stock worth $6,231,000 after acquiring an additional 3,791 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ULTA. Canaccord Genuity Group lifted their price target on shares of Ulta Beauty from $500.00 to $538.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. B. Riley raised Ulta Beauty from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $330.00 to $430.00 in a report on Tuesday, January 7th. TD Cowen raised their price objective on Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, BMO Capital Markets upped their target price on Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $460.30.

Ulta Beauty Stock Down 2.0 %

Shares of NASDAQ:ULTA opened at $405.01 on Friday. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The stock’s 50 day moving average is $404.03 and its 200-day moving average is $384.76. The firm has a market capitalization of $18.78 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 1.00 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last released 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. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the company posted $5.07 earnings per share. The business’s revenue was up 1.7% on a year-over-year basis. Equities research analysts anticipate that Ulta Beauty, Inc. will post 23.93 earnings per share for the current fiscal year.

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.