Cibc World Markets Corp Sells 47,713 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Cibc World Markets Corp cut its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 86.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,453 shares of the specialty retailer’s stock after selling 47,713 shares during the quarter. Cibc World Markets Corp’s holdings in Ulta Beauty were worth $3,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in shares of Ulta Beauty by 28.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer’s stock valued at $72,000 after buying an additional 37 shares in the last quarter. Integrated Investment Consultants LLC bought a new stake in Ulta Beauty in the 3rd quarter worth $4,480,000. Thrivent Financial for Lutherans grew its holdings in Ulta Beauty by 382.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 10,698 shares of the specialty retailer’s stock worth $4,163,000 after acquiring an additional 8,481 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Ulta Beauty by 11.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 17,531 shares of the specialty retailer’s stock valued at $6,822,000 after purchasing an additional 1,768 shares in the last quarter. Finally, Blueshift Asset Management LLC boosted its stake in shares of Ulta Beauty by 1,052.6% during the 3rd quarter. Blueshift Asset Management LLC now owns 8,218 shares of the specialty retailer’s stock valued at $3,198,000 after purchasing an additional 7,505 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $340.89 on Friday. The firm has a fifty day moving average price of $378.92 and a 200 day moving average price of $386.19. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $531.11. The firm has a market cap of $15.81 billion, a price-to-earnings ratio of 13.64, a P/E/G ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the prior year, the company earned $8.08 EPS. The business’s revenue was down 1.9% compared to the same quarter last year. As a group, research analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ULTA shares. B. Riley cut their target price on shares of Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. William Blair cut shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Telsey Advisory Group reissued an “outperform” rating and set a $500.00 price objective on shares of Ulta Beauty in a report on Monday, March 10th. Morgan Stanley decreased their price objective on shares of Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating for the company in a report on Friday, March 14th. Finally, Oppenheimer boosted their target price on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. One 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, the company currently has a consensus rating of “Hold” and a consensus price target of $427.13.

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.