Janus Henderson Group PLC Has $2.73 Million Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Janus Henderson Group PLC cut its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,267 shares of the specialty retailer’s stock after selling 89 shares during the period. Janus Henderson Group PLC’s holdings in Ulta Beauty were worth $2,726,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in shares of Ulta Beauty by 28.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer’s stock valued at $72,000 after buying an additional 37 shares in the last quarter. Savant Capital LLC grew its holdings in Ulta Beauty by 199.5% during the 4th quarter. Savant Capital LLC now owns 4,646 shares of the specialty retailer’s stock worth $2,021,000 after acquiring an additional 3,095 shares during the last quarter. Sanctuary Advisors LLC increased its position in Ulta Beauty by 7.8% in the 4th quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer’s stock valued at $1,663,000 after acquiring an additional 288 shares in the last quarter. Buckhead Capital Management LLC increased its position in Ulta Beauty by 15.6% in the 4th quarter. Buckhead Capital Management LLC now owns 12,088 shares of the specialty retailer’s stock valued at $5,257,000 after acquiring an additional 1,633 shares in the last quarter. Finally, Coerente Capital Management raised its stake in shares of Ulta Beauty by 18.8% in the fourth quarter. Coerente Capital Management now owns 36,864 shares of the specialty retailer’s stock worth $16,033,000 after acquiring an additional 5,830 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $500.00 price target on shares of Ulta Beauty in a report on Monday, March 10th. Barclays dropped their target price on Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating for the company in a research report on Friday, March 14th. Oppenheimer raised their price target on Ulta Beauty from $435.00 to $465.00 and gave the company an “outperform” rating in a report on Tuesday. The Goldman Sachs Group upgraded shares of Ulta Beauty from a “neutral” rating to a “buy” rating and upped their target price for the company from $384.00 to $423.00 in a research report on Tuesday, April 1st. Finally, Truist Financial raised their target price on shares of Ulta Beauty from $364.00 to $386.00 and gave the company a “neutral” rating in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $424.00.

Ulta Beauty Stock Up 1.1%

NASDAQ ULTA opened at $414.40 on Wednesday. Ulta Beauty, Inc. has a 12-month low of $309.01 and a 12-month high of $460.00. The firm’s 50 day moving average is $374.13 and its 200-day moving average is $386.06. The company has a market capitalization of $18.71 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping the consensus estimate of $7.13 by $1.33. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $8.08 EPS. As a group, sell-side analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Insiders Place Their Bets

In related news, insider Jodi J. Caro sold 902 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the completion of the transaction, the insider now directly owns 7,632 shares of the company’s stock, valued at approximately $2,817,429.12. This trade represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.39% of the company’s stock.

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.