Donoghue Forlines LLC Decreases Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Donoghue Forlines LLC lowered its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTAGet Rating) by 4.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,669 shares of the specialty retailer’s stock after selling 206 shares during the quarter. Donoghue Forlines LLC’s holdings in Ulta Beauty were worth $1,925,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of ULTA. Principal Financial Group Inc. grew its holdings in shares of Ulta Beauty by 1.5% during the 3rd quarter. Principal Financial Group Inc. now owns 70,333 shares of the specialty retailer’s stock worth $25,384,000 after purchasing an additional 1,069 shares during the period. Alliancebernstein L.P. boosted its holdings in Ulta Beauty by 2.9% in the 3rd quarter. Alliancebernstein L.P. now owns 79,173 shares of the specialty retailer’s stock worth $28,575,000 after acquiring an additional 2,266 shares during the period. Orion Portfolio Solutions LLC purchased a new position in Ulta Beauty in the 3rd quarter worth approximately $342,000. Creative Planning boosted its holdings in Ulta Beauty by 10.8% in the 3rd quarter. Creative Planning now owns 1,524 shares of the specialty retailer’s stock worth $550,000 after acquiring an additional 149 shares during the period. Finally, IndexIQ Advisors LLC boosted its holdings in Ulta Beauty by 3.2% in the 3rd quarter. IndexIQ Advisors LLC now owns 934 shares of the specialty retailer’s stock worth $337,000 after acquiring an additional 29 shares during the period. Institutional investors and hedge funds own 89.20% of the company’s stock.

NASDAQ ULTA traded up $1.96 during trading hours on Tuesday, hitting $395.12. The company had a trading volume of 23,193 shares, compared to its average volume of 701,042. Ulta Beauty, Inc. has a fifty-two week low of $312.35 and a fifty-two week high of $438.63. The business has a fifty day simple moving average of $396.98 and a 200-day simple moving average of $388.10. The firm has a market cap of $20.64 billion, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 2.08 and a beta of 1.54.

Ulta Beauty (NASDAQ:ULTAGet Rating) last released its earnings results on Thursday, March 10th. The specialty retailer reported $5.41 EPS for the quarter, beating the consensus estimate of $4.61 by $0.80. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.69 billion. Ulta Beauty had a net margin of 11.42% and a return on equity of 54.42%. Ulta Beauty’s quarterly revenue was up 24.1% on a year-over-year basis. During the same quarter last year, the company earned $3.41 EPS. On average, equities research analysts expect that Ulta Beauty, Inc. will post 18.54 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $450.00 price target for the company in a report on Wednesday, April 20th. Credit Suisse Group restated a “buy” rating and issued a $455.00 price target on shares of Ulta Beauty in a report on Friday, March 11th. Deutsche Bank Aktiengesellschaft upped their price target on Ulta Beauty from $512.00 to $522.00 and gave the stock a “buy” rating in a report on Friday, March 11th. StockNews.com started coverage on Ulta Beauty in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Piper Sandler cut their target price on Ulta Beauty from $475.00 to $465.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 19th. Nine research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $448.86.

In related news, insider Jodi J. Caro sold 5,340 shares of the business’s stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $384.54, for a total transaction of $2,053,443.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.10% of the stock is owned by insiders.

About Ulta Beauty (Get Rating)

Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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