Amalgamated Bank Sells 277 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Amalgamated Bank trimmed its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,686 shares of the specialty retailer’s stock after selling 277 shares during the quarter. Amalgamated Bank’s holdings in Ulta Beauty were worth $4,213,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ULTA. Ontario Teachers Pension Plan Board bought a new stake in Ulta Beauty in the 3rd quarter valued at $359,480,000. Holocene Advisors LP increased its stake in 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 acquiring an additional 335,914 shares during the period. Atreides Management LP bought a new stake in Ulta Beauty in the third quarter valued at about $73,069,000. Assenagon Asset Management S.A. raised its position in Ulta Beauty by 258.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock worth $54,884,000 after purchasing an additional 90,972 shares in the last quarter. Finally, Edge Capital Group LLC bought a new position in Ulta Beauty during the fourth quarter worth about $33,000. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Trading Up 0.2 %

Shares of NASDAQ:ULTA opened at $366.36 on Friday. The stock has a market capitalization of $16.99 billion, a P/E ratio of 14.66, a P/E/G ratio of 0.89 and a beta of 1.28. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The business has a 50-day moving average price of $403.04 and a two-hundred day moving average price of $388.12.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. 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 previous year, the firm posted $5.07 earnings per share. Ulta Beauty’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, equities analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a research note on Tuesday, January 7th. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Piper Sandler lifted their price objective on Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a report on Monday, January 6th. TD Cowen upped their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Finally, Barclays increased their target price on shares of Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 9th. One research 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’s stock. Based on data from MarketBeat.com, Ulta Beauty presently has an average rating of “Hold” and an average target price of $459.22.

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.