AMI Asset Management Corp Sells 1,407 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

AMI Asset Management Corp cut its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 97,455 shares of the specialty retailer’s stock after selling 1,407 shares during the period. Ulta Beauty accounts for 2.3% of AMI Asset Management Corp’s portfolio, making the stock its 19th biggest position. AMI Asset Management Corp’s holdings in Ulta Beauty were worth $42,386,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ULTA. International Assets Investment Management LLC boosted its stake in shares of Ulta Beauty by 180,713.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after purchasing an additional 1,237,884 shares during the last quarter. Geode Capital Management LLC lifted 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 during the period. Ontario Teachers Pension Plan Board bought a new stake in Ulta Beauty during the third quarter valued at $359,480,000. Champlain Investment Partners LLC raised its position in shares of Ulta Beauty by 5.4% in the 3rd quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock worth $237,519,000 after acquiring an additional 31,540 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt raised its position in shares of Ulta Beauty by 14.4% in the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock worth $200,944,000 after acquiring an additional 65,000 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $405.01 on Tuesday. The company has a market capitalization of $18.78 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 0.97 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 fifty day moving average price of $404.52 and a two-hundred day moving average price of $384.77.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the business posted $5.07 earnings per share. Sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.93 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on ULTA shares. Bank of America raised their target price on Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. BMO Capital Markets increased their target price on shares of Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. B. Riley upgraded shares of Ulta Beauty from a “sell” rating to a “neutral” rating and upped their price objective for the company from $330.00 to $430.00 in a report on Tuesday, January 7th. Finally, Loop Capital raised their target price on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research note on Monday, December 9th. One 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 presently has an average rating of “Hold” and a consensus target price of $459.22.

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.