Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Janney Capital Management LLC

Janney Capital Management LLC lessened its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,911 shares of the specialty retailer’s stock after selling 647 shares during the quarter. Janney Capital Management LLC’s holdings in Ulta Beauty were worth $8,225,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Canada Pension Plan Investment Board increased its holdings in Ulta Beauty by 78.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 43,111 shares of the specialty retailer’s stock worth $16,635,000 after buying an additional 18,962 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Ulta Beauty by 1.1% in the 2nd quarter. Pacer Advisors Inc. now owns 4,421 shares of the specialty retailer’s stock valued at $1,706,000 after acquiring an additional 49 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Ulta Beauty by 220.2% in the second quarter. ProShare Advisors LLC now owns 19,726 shares of the specialty retailer’s stock valued at $7,612,000 after purchasing an additional 13,566 shares during the last quarter. 1832 Asset Management L.P. grew its position in Ulta Beauty by 92.5% during the 2nd quarter. 1832 Asset Management L.P. now owns 10,510 shares of the specialty retailer’s stock worth $4,055,000 after purchasing an additional 5,049 shares during the period. Finally, Evergreen Capital Management LLC grew its holdings in Ulta Beauty by 93.4% during the second quarter. Evergreen Capital Management LLC now owns 8,098 shares of the specialty retailer’s stock worth $3,125,000 after acquiring an additional 3,910 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $414.96 on Wednesday. The stock’s 50 day simple moving average is $405.37 and its 200-day simple moving average is $385.00. The stock has a market cap of $19.24 billion, a P/E ratio of 16.89, a P/E/G ratio of 0.97 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.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data 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 return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the company posted $5.07 earnings per share. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, research analysts expect that Ulta Beauty, Inc. will post 23.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ULTA shares. Stifel Nicolaus increased their price target on shares of Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. Morgan Stanley raised shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $430.00 to $500.00 in a research note on Tuesday. B. Riley raised Ulta Beauty from a “sell” rating to a “neutral” rating and upped their price target for the stock from $330.00 to $430.00 in a report on Tuesday, January 7th. TD Cowen raised their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Finally, Barclays boosted their price objective on Ulta Beauty from $410.00 to $445.00 and gave the company 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 given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $459.22.

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.