CX Institutional Lowers Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

CX Institutional lowered its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 23.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 678 shares of the specialty retailer’s stock after selling 205 shares during the quarter. CX Institutional’s holdings in Ulta Beauty were worth $295,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Jensen Investment Management Inc. grew its position in Ulta Beauty by 17.9% during the third quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock valued at $4,409,000 after buying an additional 1,720 shares during the period. Versor Investments LP bought a new position in Ulta Beauty during the third quarter valued at about $793,000. Stephens Inc. AR grew its position in Ulta Beauty by 31.0% during the third quarter. Stephens Inc. AR now owns 16,014 shares of the specialty retailer’s stock valued at $6,231,000 after buying an additional 3,791 shares during the period. Chase Investment Counsel Corp grew its position in Ulta Beauty by 100.0% during the third quarter. Chase Investment Counsel Corp now owns 4,000 shares of the specialty retailer’s stock valued at $1,556,000 after buying an additional 2,000 shares during the period. Finally, Integrated Investment Consultants LLC bought a new position in Ulta Beauty during the third quarter valued at about $4,480,000. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on ULTA shares. Morgan Stanley upgraded shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $430.00 to $500.00 in a research report on Tuesday, January 21st. Raymond James cut their target price on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. JPMorgan Chase & Co. increased their target price 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. DA Davidson increased their target price on shares of Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, William Blair lowered shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $459.22.

Ulta Beauty Stock Performance

ULTA stock opened at $417.83 on Monday. The company has a market capitalization of $19.37 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The company’s 50 day moving average price is $407.85 and its two-hundred day moving average price is $385.55.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping 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 net margin of 10.58% and a return on equity of 51.95%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the firm posted $5.07 earnings per share. On average, research analysts predict that Ulta Beauty, Inc. will post 23.96 EPS 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.