Chevy Chase Trust Holdings LLC Decreases Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Chevy Chase Trust Holdings LLC cut its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 24,726 shares of the specialty retailer’s stock after selling 856 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Ulta Beauty were worth $10,754,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ULTA. Sunbelt Securities Inc. boosted its stake in Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 45 shares during the last quarter. Westside Investment Management Inc. increased its holdings in shares of Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 50 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Ulta Beauty in the 3rd quarter worth about $41,000. Future Financial Wealth Managment LLC bought a new position in Ulta Beauty in the 4th quarter valued at about $43,000. Finally, Ameliora Wealth Management Ltd. bought a new position in Ulta Beauty in the 4th quarter valued at about $43,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ULTA has been the subject of several research reports. Morgan Stanley upgraded shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $430.00 to $500.00 in a research report on Tuesday, January 21st. Wells Fargo & Company increased their price target on shares of Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 7th. BMO Capital Markets increased their price target on shares of Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Stifel Nicolaus raised their price objective on shares of Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty Trading Up 1.3 %

Shares of NASDAQ:ULTA opened at $365.14 on Monday. The stock has a market capitalization of $16.93 billion, a P/E ratio of 14.61, a P/E/G ratio of 0.96 and a beta of 1.28. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The business has a 50-day moving average price of $414.59 and a two-hundred day moving average price of $386.29.

Ulta Beauty (NASDAQ:ULTA) last announced 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 firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $5.07 EPS. As a group, equities analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

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.