Sei Investments Co. Lowers Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Sei Investments Co. lowered its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,971 shares of the specialty retailer’s stock after selling 767 shares during the period. Sei Investments Co.’s holdings in Ulta Beauty were worth $15,642,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ULTA. American Century Companies Inc. increased its holdings in shares of Ulta Beauty by 7.5% during the fourth quarter. American Century Companies Inc. now owns 85,334 shares of the specialty retailer’s stock valued at $37,114,000 after acquiring an additional 5,938 shares in the last quarter. Mizuho Securities USA LLC increased its stake in Ulta Beauty by 44.3% during the 4th quarter. Mizuho Securities USA LLC now owns 4,465 shares of the specialty retailer’s stock valued at $1,942,000 after purchasing an additional 1,371 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in Ulta Beauty by 47.9% in the fourth quarter. TD Private Client Wealth LLC now owns 173 shares of the specialty retailer’s stock worth $75,000 after buying an additional 56 shares during the last quarter. Royal London Asset Management Ltd. lifted its stake in shares of Ulta Beauty by 2.3% in the fourth quarter. Royal London Asset Management Ltd. now owns 32,323 shares of the specialty retailer’s stock worth $14,058,000 after buying an additional 736 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd grew its holdings in shares of Ulta Beauty by 1,271.4% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 1,440 shares of the specialty retailer’s stock valued at $622,000 after buying an additional 1,335 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Down 2.9 %

ULTA stock opened at $359.47 on Friday. The business’s 50-day moving average price is $373.67 and its 200-day moving average price is $386.22. The stock has a market cap of $16.67 billion, a P/E ratio of 14.38, a PEG ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $529.67.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly 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 the consensus estimate of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.08 earnings per share. On average, equities research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Piper Sandler decreased their price target on 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 increased their price objective on Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. B. Riley decreased their target price on Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Finally, StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average 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.