Te Ahumairangi Investment Management Ltd Sells 402 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Te Ahumairangi Investment Management Ltd lessened its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 7.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,860 shares of the specialty retailer’s stock after selling 402 shares during the quarter. Te Ahumairangi Investment Management Ltd’s holdings in Ulta Beauty were worth $1,880,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ULTA. International Assets Investment Management LLC raised its holdings 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 acquiring an additional 1,237,884 shares during the period. Ontario Teachers Pension Plan Board bought a new position in shares of Ulta Beauty during the 3rd quarter worth about $359,480,000. Holocene Advisors LP increased its holdings in shares of Ulta Beauty by 3,246.2% during the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock worth $134,737,000 after purchasing an additional 335,914 shares during the period. Atreides Management LP bought a new position in shares of Ulta Beauty during the 3rd quarter worth about $73,069,000. Finally, Hsbc Holdings PLC increased its holdings in shares of Ulta Beauty by 87.3% during the 2nd quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer’s stock worth $130,380,000 after purchasing an additional 157,497 shares during the period. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $430.09 on Thursday. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The firm has a market cap of $19.94 billion, a price-to-earnings ratio of 17.21, a P/E/G ratio of 2.42 and a beta of 1.33. The firm’s 50-day simple moving average is $375.39 and its 200 day simple moving average is $377.13.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The business had revenue of $2.53 billion for 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%. Ulta Beauty’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $5.07 earnings per share. Sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.48 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ULTA shares. William Blair downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Loop Capital lifted their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research report on Monday. Piper Sandler lifted their target price on shares of Ulta Beauty from $357.00 to $360.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Finally, B. Riley lifted their target price on shares of Ulta Beauty from $300.00 to $330.00 and gave the company a “sell” rating in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Ulta Beauty has an average rating of “Hold” and a consensus price target of $439.30.

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.