Yousif Capital Management LLC Reduces Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Yousif Capital Management LLC trimmed its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,889 shares of the specialty retailer’s stock after selling 63 shares during the period. Yousif Capital Management LLC’s holdings in Ulta Beauty were worth $2,159,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LaFleur & Godfrey LLC boosted its stake in Ulta Beauty by 32.1% during the fourth quarter. LaFleur & Godfrey LLC now owns 2,455 shares of the specialty retailer’s stock worth $1,068,000 after buying an additional 596 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Ulta Beauty by 42.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,762 shares of the specialty retailer’s stock valued at $3,331,000 after acquiring an additional 2,294 shares during the period. Manchester Capital Management LLC lifted its holdings in shares of Ulta Beauty by 86.2% in the 4th quarter. Manchester Capital Management LLC now owns 162 shares of the specialty retailer’s stock worth $71,000 after acquiring an additional 75 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Ulta Beauty by 55.1% during the 4th quarter. Allworth Financial LP now owns 214 shares of the specialty retailer’s stock worth $90,000 after purchasing an additional 76 shares during the period. Finally, Sanctuary Advisors LLC grew its holdings in Ulta Beauty by 7.8% during the 4th quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer’s stock valued at $1,663,000 after purchasing an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Down 0.7%

Shares of NASDAQ:ULTA opened at $459.17 on Monday. The company has a market capitalization of $20.64 billion, a PE ratio of 18.37, a P/E/G ratio of 0.89 and a beta of 1.09. Ulta Beauty, Inc. has a 12-month low of $309.01 and a 12-month high of $491.98. The business’s fifty day simple moving average is $405.37 and its 200-day simple moving average is $395.76.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.73 by $0.97. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.79 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.47 earnings per share. Research analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on ULTA. Truist Financial raised their price objective on shares of Ulta Beauty from $364.00 to $386.00 and gave the stock a “neutral” rating in a research note on Thursday, May 15th. BMO Capital Markets decreased their price target on Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating for the company in a research note on Friday, March 14th. Wells Fargo & Company boosted their price objective on Ulta Beauty from $315.00 to $350.00 and gave the company an “underweight” rating in a report on Friday, May 30th. B. Riley cut their price objective on Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Finally, JPMorgan Chase & Co. increased their target price on Ulta Beauty from $477.00 to $525.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Ulta Beauty presently has a consensus rating of “Hold” and a consensus price target of $460.91.

Insider Buying and Selling

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of Ulta Beauty 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 transaction, the insider now directly owns 7,632 shares of the company’s stock, valued at approximately $2,817,429.12. The trade was a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by company insiders.

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.