Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp lowered its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,582 shares of the specialty retailer’s stock after selling 82 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Ulta Beauty were worth $4,602,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Investment Partners LLC boosted its stake in shares of Ulta Beauty by 3.9% during the fourth quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock valued at $289,000 after acquiring an additional 25 shares during the last quarter. Stonegate Investment Group LLC boosted its position in shares of Ulta Beauty by 0.5% in the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock worth $2,881,000 after buying an additional 34 shares during the period. Resonant Capital Advisors LLC raised its stake in shares of Ulta Beauty by 2.2% during the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock valued at $685,000 after purchasing an additional 34 shares during the period. Prestige Wealth Management Group LLC boosted its position in Ulta Beauty by 121.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 34 shares during the last quarter. Finally, Clear Creek Financial Management LLC grew its stake in Ulta Beauty by 4.4% during the 4th quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock valued at $362,000 after purchasing an additional 35 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $370.75 on Wednesday. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $529.67. The company’s fifty day moving average price is $376.15 and its 200-day moving average price is $386.59. The firm has a market capitalization of $17.19 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 0.89 and a beta of 1.34.

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

Analyst Ratings Changes

Several research analysts have recently commented on ULTA shares. Citigroup decreased their target price on Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Morgan Stanley dropped their target price on shares of Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Bank of America dropped their price target on Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. Telsey Advisory Group reissued an “outperform” rating and set a $500.00 price target on shares of Ulta Beauty in a research report on Monday, March 10th. Finally, B. Riley reduced their price target on Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating for the company in a report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $427.13.

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.