CIBC Private Wealth Group LLC Sells 32,133 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

CIBC Private Wealth Group LLC reduced its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 31.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,493 shares of the specialty retailer’s stock after selling 32,133 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.15% of Ulta Beauty worth $28,434,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Ulta Beauty during the 4th quarter valued at $239,432,000. Holocene Advisors LP boosted its stake in Ulta Beauty by 3,246.2% during the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after buying an additional 335,914 shares during the period. Atreides Management LP purchased a new position in Ulta Beauty during the third quarter worth about $73,069,000. Proficio Capital Partners LLC bought a new position in Ulta Beauty in the 4th quarter worth about $58,074,000. Finally, Victory Capital Management Inc. raised its holdings 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 acquiring an additional 124,822 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Up 2.0 %

Shares of Ulta Beauty stock opened at $366.54 on Tuesday. The company’s fifty day simple moving average is $372.90 and its two-hundred day simple moving average is $386.36. Ulta Beauty, Inc. has a 12-month low of $309.01 and a 12-month high of $529.67. The firm has a market cap of $17.00 billion, a PE ratio of 14.67, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last posted 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. The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm earned $8.08 earnings per share. As a group, sell-side analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on ULTA. Oppenheimer boosted their price objective on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Wells Fargo & Company cut their price target 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. DA Davidson lowered their price objective on shares of Ulta Beauty from $510.00 to $415.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, TD Cowen raised their price target on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. One 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’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $427.13.

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.