Rempart Asset Management Inc. Has $16.47 Million Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Rempart Asset Management Inc. lowered its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 19.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,857 shares of the specialty retailer’s stock after selling 9,139 shares during the quarter. Ulta Beauty comprises approximately 3.3% of Rempart Asset Management Inc.’s investment portfolio, making the stock its 20th largest holding. Rempart Asset Management Inc. owned about 0.08% of Ulta Beauty worth $16,465,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Choreo LLC increased its stake in Ulta Beauty by 71.7% in the 2nd quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock valued at $1,103,000 after buying an additional 1,198 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Ulta Beauty in the second quarter valued at approximately $19,136,000. Jensen Investment Management Inc. increased its position in shares of Ulta Beauty by 17.9% during the third quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock valued at $4,409,000 after acquiring an additional 1,720 shares during the last quarter. Distillate Capital Partners LLC bought a new stake in Ulta Beauty during the second quarter worth $14,665,000. Finally, Versor Investments LP purchased a new position in Ulta Beauty in the third quarter worth $793,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

NASDAQ ULTA traded down $9.99 during trading hours on Wednesday, reaching $418.28. 120,963 shares of the company’s stock traded hands, compared to its average volume of 764,541. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The firm has a 50-day simple moving average of $399.50 and a 200 day simple moving average of $383.42. The firm has a market cap of $19.40 billion, a PE ratio of 16.74, a PEG ratio of 2.38 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.69. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the business earned $5.07 earnings per share. Sell-side analysts forecast that Ulta Beauty, Inc. will post 23.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ULTA shares. Citigroup boosted their price target on shares of Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a report on Tuesday. William Blair downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $500.00 price target on shares of Ulta Beauty in a report on Tuesday. BMO Capital Markets raised their target price on Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Finally, StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $454.43.

About Ulta Beauty

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.