F M Investments LLC Sells 10,372 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

F M Investments LLC cut its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 27.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,061 shares of the specialty retailer’s stock after selling 10,372 shares during the quarter. F M Investments LLC’s holdings in Ulta Beauty were worth $11,770,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Cornerstone Investment Partners LLC grew its holdings in Ulta Beauty by 3.9% during the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock worth $289,000 after acquiring an additional 25 shares during the period. RWA Wealth Partners LLC grew its stake in Ulta Beauty by 1.5% during the fourth quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer’s stock worth $812,000 after purchasing an additional 28 shares during the period. Stonegate Investment Group LLC increased its holdings in 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 purchasing an additional 34 shares in the last quarter. Resonant Capital Advisors LLC lifted its stake in Ulta Beauty by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock valued at $685,000 after buying an additional 34 shares during the period. Finally, Prestige Wealth Management Group LLC lifted its stake in Ulta Beauty by 121.4% in the fourth 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 period. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Up 10.7 %

ULTA stock opened at $363.19 on Thursday. The firm has a market cap of $16.46 billion, a PE ratio of 14.53, a P/E/G ratio of 0.89 and a beta of 1.16. The business has a 50 day moving average of $362.15 and a 200-day moving average of $384.07. Ulta Beauty, Inc. has a 12-month low of $309.01 and a 12-month high of $460.00.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.13 by $1.33. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 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 down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.08 EPS. On average, research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analyst Ratings Changes

ULTA has been the subject of several research analyst reports. Wells Fargo & Company lowered 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. Canaccord Genuity Group dropped their price objective on shares of Ulta Beauty from $538.00 to $526.00 and set a “buy” rating on the stock in a report on Friday, March 14th. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Oppenheimer boosted their target price on Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group upgraded Ulta Beauty from a “neutral” rating to a “buy” rating and increased their price target for the stock from $384.00 to $423.00 in a report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $427.61.

Insider Buying and Selling

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the transaction, the insider now directly owns 7,632 shares in the company, valued at $2,817,429.12. The trade was a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.39% of the stock is currently owned by corporate insiders.

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.