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

AMI Asset Management Corp trimmed its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 97,455 shares of the specialty retailer’s stock after selling 1,407 shares during the quarter. Ulta Beauty makes up 2.3% of AMI Asset Management Corp’s holdings, making the stock its 19th largest position. AMI Asset Management Corp owned about 0.21% of Ulta Beauty worth $42,386,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC raised its stake in Ulta Beauty by 180,713.0% in the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after buying an additional 1,237,884 shares during the period. Ontario Teachers Pension Plan Board bought a new position in Ulta Beauty during the third quarter worth $359,480,000. Holocene Advisors LP increased its holdings in shares of Ulta Beauty by 3,246.2% in the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after purchasing an additional 335,914 shares during the last quarter. Atreides Management LP bought a new position in shares of Ulta Beauty in the third quarter valued at about $73,069,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Ulta Beauty by 258.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock worth $54,884,000 after buying an additional 90,972 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on ULTA shares. Canaccord Genuity Group increased their price target on shares of Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Loop Capital boosted their price target on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. B. Riley raised shares of Ulta Beauty from a “sell” rating to a “neutral” rating and boosted their target price for the company from $330.00 to $430.00 in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $405.01 on Tuesday. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The company has a market cap of $18.78 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 0.97 and a beta of 1.28. The firm has a 50 day simple moving average of $404.52 and a 200 day simple moving average of $384.77.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $5.07 EPS. As a group, analysts expect that Ulta Beauty, Inc. will post 23.93 EPS for the current year.

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.