Tradewinds LLC. Sells 2,363 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Tradewinds LLC. cut its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 70.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,006 shares of the specialty retailer’s stock after selling 2,363 shares during the quarter. Tradewinds LLC.’s holdings in Ulta Beauty were worth $438,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC grew its position in Ulta Beauty by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock valued at $461,059,000 after acquiring an additional 10,153 shares during the last quarter. Norges Bank purchased a new position in shares of Ulta Beauty during the fourth quarter valued at about $239,432,000. Amundi raised its position in shares of Ulta Beauty by 19.7% in the 4th quarter. Amundi now owns 450,239 shares of the specialty retailer’s stock worth $186,912,000 after acquiring an additional 74,013 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Ulta Beauty by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 319,938 shares of the specialty retailer’s stock worth $139,151,000 after purchasing an additional 12,273 shares in the last quarter. Finally, Summitry LLC lifted its position in Ulta Beauty by 2.4% during the 4th quarter. Summitry LLC now owns 216,671 shares of the specialty retailer’s stock valued at $94,237,000 after acquiring an additional 5,137 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Stock Up 2.0 %

ULTA stock opened at $373.91 on Wednesday. The firm has a 50-day simple moving average of $371.93 and a 200-day simple moving average of $386.33. The stock has a market capitalization of $17.34 billion, a P/E ratio of 14.96, a P/E/G ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $528.80.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, beating analysts’ consensus estimates of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the firm earned $8.08 EPS. Ulta Beauty’s quarterly revenue was down 1.9% on a year-over-year basis. On average, analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. BMO Capital Markets dropped their price target on shares of Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating on the stock in a research note on Friday, March 14th. Loop Capital raised their target price on Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Telsey Advisory Group reissued an “outperform” rating and set a $500.00 price objective on shares of Ulta Beauty in a research report on Monday, March 10th. Citigroup reduced their target price on shares of Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Finally, Canaccord Genuity Group decreased their price target on Ulta Beauty from $538.00 to $526.00 and set a “buy” rating on the stock in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $427.61.

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.