Strategic Financial Services Inc. Reduces Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Strategic Financial Services Inc. cut its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 11.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,450 shares of the specialty retailer’s stock after selling 459 shares during the period. Strategic Financial Services Inc.’s holdings in Ulta Beauty were worth $1,501,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in 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 buying an additional 10,153 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new position in Ulta Beauty in the third quarter valued at about $359,480,000. Champlain Investment Partners LLC increased its holdings in Ulta Beauty by 5.4% in the third quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock valued at $237,519,000 after buying an additional 31,540 shares in the last quarter. Amundi increased its stake in shares of Ulta Beauty by 19.7% during the 4th quarter. Amundi now owns 450,239 shares of the specialty retailer’s stock worth $186,912,000 after purchasing an additional 74,013 shares in the last quarter. Finally, Holocene Advisors LP increased its stake in shares of Ulta Beauty by 3,246.2% during the 3rd 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 in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Trading Down 0.0 %

NASDAQ:ULTA opened at $343.72 on Thursday. The firm has a market capitalization of $15.94 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 0.89 and a beta of 1.34. The firm’s fifty day simple moving average is $380.41 and its 200 day simple moving average is $386.50. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $532.70.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ULTA. Barclays dropped their price objective on shares of Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating for the company in a research note on Friday, March 14th. Piper Sandler dropped their price objective on shares of Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Oppenheimer raised their price objective on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Wells Fargo & Company dropped their price objective on shares of Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating for the company in a research note on Friday, March 14th. Finally, BMO Capital Markets dropped their price objective on shares of Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating for the company 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 assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus 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.