KBC Group NV Sells 13,689 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

KBC Group NV trimmed its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 46.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,037 shares of the specialty retailer’s stock after selling 13,689 shares during the period. KBC Group NV’s holdings in Ulta Beauty were worth $6,975,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Blue Trust Inc. lifted its position in shares of Ulta Beauty by 18.8% during the fourth quarter. Blue Trust Inc. now owns 285 shares of the specialty retailer’s stock valued at $124,000 after buying an additional 45 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Ulta Beauty during the fourth quarter valued at approximately $447,000. Avaii Wealth Management LLC acquired a new stake in Ulta Beauty in the fourth quarter valued at approximately $623,000. Marshall Financial Group LLC purchased a new position in Ulta Beauty in the fourth quarter worth $212,000. Finally, AlphaMark Advisors LLC increased its position in shares of Ulta Beauty by 10.3% during the fourth quarter. AlphaMark Advisors LLC now owns 1,761 shares of the specialty retailer’s stock worth $766,000 after purchasing an additional 165 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ULTA shares. Canaccord Genuity Group raised their price objective on Ulta Beauty from $500.00 to $538.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Raymond James dropped their price target on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Monday, October 14th. TD Cowen increased their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Stifel Nicolaus boosted their target price on shares of Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. Finally, Piper Sandler raised their price target on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Stock Up 1.9 %

Shares of Ulta Beauty stock opened at $418.53 on Friday. The firm has a market cap of $19.41 billion, a PE ratio of 16.75, a P/E/G ratio of 1.00 and a beta of 1.28. The business has a 50-day moving average price of $411.85 and a 200 day moving average price of $385.75. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the company posted $5.07 EPS. The business’s quarterly revenue was up 1.7% on a year-over-year basis. On average, sell-side analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Ulta Beauty 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.