Ulta Beauty, Inc. (NASDAQ:ULTA) Position Cut by Versant Capital Management Inc

Versant Capital Management Inc decreased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 20.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 99 shares of the specialty retailer’s stock after selling 26 shares during the quarter. Versant Capital Management Inc’s holdings in Ulta Beauty were worth $43,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ULTA. International Assets Investment Management LLC grew its position in Ulta Beauty by 180,713.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after purchasing an additional 1,237,884 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Ulta Beauty by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock worth $461,059,000 after purchasing an additional 10,153 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new position in shares of Ulta Beauty during the third quarter valued at $359,480,000. Champlain Investment Partners LLC raised its stake in shares of Ulta Beauty by 5.4% during the third quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock valued at $237,519,000 after purchasing an additional 31,540 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt grew its position in Ulta Beauty by 14.4% in the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock valued at $200,944,000 after buying an additional 65,000 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $431.30 on Tuesday. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The firm has a market cap of $20.00 billion, a PE ratio of 17.26, a P/E/G ratio of 2.38 and a beta of 1.28. The firm’s 50 day moving average price is $398.53 and its two-hundred day moving average price is $383.10.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating 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 analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the business posted $5.07 EPS. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. Equities analysts anticipate that Ulta Beauty, Inc. will post 23.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on ULTA shares. Canaccord Genuity Group boosted their price target on shares of Ulta Beauty from $442.00 to $476.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Piper Sandler upped their target price on Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a research report on Monday. DA Davidson lifted their price target on Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, December 6th. TD Cowen cut their price objective on Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Finally, BMO Capital Markets lifted their target price on Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $440.78.

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.