Securian Asset Management Inc. Sells 100 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Securian Asset Management Inc. decreased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,591 shares of the specialty retailer’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in Ulta Beauty were worth $1,127,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sunbelt Securities Inc. increased its stake in shares of Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 45 shares in the last quarter. Westside Investment Management Inc. increased its stake in shares of Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 50 shares in the last quarter. Edge Capital Group LLC bought a new position in shares of Ulta Beauty during the fourth quarter valued at approximately $33,000. Harvest Fund Management Co. Ltd bought a new position in shares of Ulta Beauty during the third quarter valued at approximately $41,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of Ulta Beauty during the fourth quarter valued at approximately $43,000. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

ULTA has been the subject of a number of analyst reports. William Blair downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. Citigroup raised their price target on shares of Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. DA Davidson reduced their price target on shares of Ulta Beauty from $510.00 to $415.00 and set a “buy” rating for the company in a research report on Friday. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, Morgan Stanley reduced their price target on shares of Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $431.13.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $357.48 on Friday. The company’s fifty day simple moving average is $385.01 and its 200-day simple moving average is $386.69. The stock has a market capitalization of $16.58 billion, a PE ratio of 14.30, a P/E/G ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $546.58.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, topping the consensus estimate of $7.13 by $1.33. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company’s revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $8.08 EPS. As a group, research analysts anticipate 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.