Modus Advisors LLC Cuts Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Modus Advisors LLC lessened its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 89.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 461 shares of the specialty retailer’s stock after selling 3,789 shares during the quarter. Modus Advisors LLC’s holdings in Ulta Beauty were worth $201,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC grew its holdings in shares of 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 purchasing an additional 1,237,884 shares in the last quarter. Geode Capital Management LLC grew its position in Ulta Beauty by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock worth $461,059,000 after acquiring an additional 10,153 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in Ulta Beauty during the third quarter worth approximately $359,480,000. TD Asset Management Inc increased its stake in Ulta Beauty by 14.1% during the second quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock worth $239,545,000 after acquiring an additional 76,721 shares during the last quarter. Finally, Champlain Investment Partners LLC raised its position in Ulta Beauty by 5.4% during the third quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock valued at $237,519,000 after purchasing an additional 31,540 shares during the period. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Up 0.2 %

ULTA stock traded up $0.74 during trading on Friday, reaching $429.90. 67,882 shares of the stock were exchanged, compared to its average volume of 378,847. The firm has a market capitalization of $19.94 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 2.38 and a beta of 1.28. The business has a 50 day moving average price of $396.34 and a 200-day moving average price of $382.44. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.69. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.07 EPS. On average, research analysts anticipate that Ulta Beauty, Inc. will post 23.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ULTA. StockNews.com lowered shares of Ulta Beauty from a “hold” rating to a “sell” rating in a report on Friday, December 20th. Raymond James reduced their price target on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Monday, October 14th. Wells Fargo & Company upped their price objective on Ulta Beauty from $300.00 to $350.00 and gave the company an “underweight” rating in a research report on Friday, December 6th. Barclays lifted their target price on Ulta Beauty from $335.00 to $410.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Finally, Stifel Nicolaus boosted their price objective on shares of Ulta Beauty from $395.00 to $455.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $439.30.

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.