GM Advisory Group LLC Sells 3,740 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

GM Advisory Group LLC lowered its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 42.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,008 shares of the specialty retailer’s stock after selling 3,740 shares during the quarter. GM Advisory Group LLC’s holdings in Ulta Beauty were worth $2,178,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in 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 bought a new stake in Ulta Beauty during the 3rd quarter valued at $359,480,000. Champlain Investment Partners LLC boosted its position in Ulta Beauty by 5.4% during the 3rd quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock valued at $237,519,000 after acquiring an additional 31,540 shares in the last quarter. Amundi boosted its position in Ulta Beauty by 19.7% during the 4th quarter. Amundi now owns 450,239 shares of the specialty retailer’s stock valued at $186,912,000 after acquiring an additional 74,013 shares in the last quarter. Finally, Holocene Advisors LP boosted its position in Ulta Beauty by 3,246.2% during the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after acquiring an additional 335,914 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Down 3.7 %

Shares of ULTA stock opened at $343.83 on Wednesday. The stock has a market cap of $15.94 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The business has a 50-day simple moving average of $381.84 and a 200-day simple moving average of $386.80. Ulta Beauty, Inc. has a 52-week low of $309.01 and a 52-week high of $535.08.

Ulta Beauty (NASDAQ:ULTA) last issued 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 during 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 company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.08 EPS. Sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

ULTA has been the topic of several recent research reports. Piper Sandler dropped their target price on Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Barclays dropped their target price on Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating on the stock in a research report on Friday, March 14th. TD Cowen increased their target price on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Loop Capital increased their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.