Diamond Hill Capital Management Inc. Sells 954 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Diamond Hill Capital Management Inc. lessened its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,135 shares of the specialty retailer’s stock after selling 954 shares during the period. Diamond Hill Capital Management Inc. owned about 0.25% of Ulta Beauty worth $51,380,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Mondrian Investment Partners LTD purchased a new position in Ulta Beauty during the 4th quarter valued at about $1,370,000. Tredje AP fonden increased its holdings in Ulta Beauty by 29.6% during the 4th quarter. Tredje AP fonden now owns 37,040 shares of the specialty retailer’s stock valued at $16,110,000 after purchasing an additional 8,460 shares during the period. Truvestments Capital LLC increased its holdings in Ulta Beauty by 32.4% during the 4th quarter. Truvestments Capital LLC now owns 1,882 shares of the specialty retailer’s stock valued at $819,000 after purchasing an additional 461 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Ulta Beauty by 32.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 601 shares of the specialty retailer’s stock valued at $261,000 after purchasing an additional 147 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in Ulta Beauty by 10.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 4,433 shares of the specialty retailer’s stock valued at $1,928,000 after purchasing an additional 414 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ULTA shares. DA Davidson upped their target price on Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Bank of America upped their target price on Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. upped their target price on Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Oppenheimer upped their target price on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, B. Riley upgraded Ulta Beauty from a “sell” rating to a “neutral” rating and upped their target price for the stock from $330.00 to $430.00 in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Ulta Beauty has a consensus rating of “Hold” and an average target price of $459.22.

Ulta Beauty Trading Down 4.5 %

ULTA stock opened at $314.47 on Friday. The stock has a market capitalization of $14.58 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 12-month low of $309.01 and a 12-month high of $574.76. The stock’s 50 day simple moving average is $386.49 and its 200 day simple moving average is $386.82.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data 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. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $8.08 EPS. On average, research analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share 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.