Glenview Trust co Trims Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Glenview Trust co lowered its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 29.0% during the 4th quarter, HoldingsChannel reports. The fund owned 9,268 shares of the specialty retailer’s stock after selling 3,784 shares during the period. Glenview Trust co’s holdings in Ulta Beauty were worth $4,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Apollon Wealth Management LLC lifted its holdings in Ulta Beauty by 44.7% during the 3rd quarter. Apollon Wealth Management LLC now owns 1,399 shares of the specialty retailer’s stock worth $544,000 after purchasing an additional 432 shares in the last quarter. KBC Group NV increased its position in shares of Ulta Beauty by 305.3% during the third quarter. KBC Group NV now owns 29,726 shares of the specialty retailer’s stock valued at $11,567,000 after buying an additional 22,392 shares during the period. Metis Global Partners LLC lifted its holdings in shares of Ulta Beauty by 6.0% in the third quarter. Metis Global Partners LLC now owns 3,104 shares of the specialty retailer’s stock worth $1,208,000 after buying an additional 176 shares in the last quarter. Empirical Finance LLC boosted its position in shares of Ulta Beauty by 1.3% in the third quarter. Empirical Finance LLC now owns 3,231 shares of the specialty retailer’s stock valued at $1,257,000 after acquiring an additional 42 shares during the period. Finally, Mizuho Securities USA LLC grew its stake in Ulta Beauty by 970.0% during the third quarter. Mizuho Securities USA LLC now owns 39,503 shares of the specialty retailer’s stock valued at $15,371,000 after acquiring an additional 35,811 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on ULTA. 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 report on Friday. UBS Group lifted their price objective on Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. lowered their price target on Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating on the stock in a report on Friday. 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. Finally, Canaccord Genuity Group decreased their price objective on shares of Ulta Beauty from $538.00 to $526.00 and set a “buy” rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $431.13.

Ulta Beauty Stock Up 13.7 %

Shares of NASDAQ ULTA opened at $357.48 on Monday. The firm’s fifty day moving average is $385.01 and its 200 day moving average is $386.94. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $544.36. The company has a market cap of $16.58 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last released 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 for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.08 earnings per share. Equities research analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

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.