Baldwin Investment Management LLC Has $1.65 Million Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Baldwin Investment Management LLC reduced its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 37.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,803 shares of the specialty retailer’s stock after selling 2,308 shares during the quarter. Baldwin Investment Management LLC’s holdings in Ulta Beauty were worth $1,654,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Capital World Investors acquired a new stake in Ulta Beauty in the fourth quarter valued at approximately $430,674,000. Norges Bank acquired a new stake in shares of Ulta Beauty in the 4th quarter valued at $239,432,000. Marshall Wace LLP boosted its holdings in Ulta Beauty by 10,336.7% in the fourth quarter. Marshall Wace LLP now owns 459,110 shares of the specialty retailer’s stock worth $199,681,000 after purchasing an additional 454,711 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Ulta Beauty in the fourth quarter worth $58,074,000. Finally, Victory Capital Management Inc. increased its position in Ulta Beauty by 364.6% during the fourth quarter. Victory Capital Management Inc. now owns 159,053 shares of the specialty retailer’s stock worth $69,177,000 after buying an additional 124,822 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction 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 $2,817,429.12. This trade represents a 10.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.39% of the stock is owned by corporate insiders.

Ulta Beauty Stock Up 0.7 %

Shares of ULTA opened at $395.81 on Friday. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $460.00. The stock has a market cap of $17.87 billion, a price-to-earnings ratio of 15.84, a P/E/G ratio of 0.89 and a beta of 1.16. The company has a 50-day moving average price of $361.20 and a two-hundred day moving average price of $383.45.

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

Analyst Upgrades and Downgrades

ULTA has been the subject of several recent analyst reports. Telsey Advisory Group reiterated an “outperform” rating and set a $500.00 price target on shares of Ulta Beauty in a research note on Monday, March 10th. Canaccord Genuity Group cut their price objective on Ulta Beauty from $538.00 to $526.00 and set a “buy” rating for the company in a research report on Friday, March 14th. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. DA Davidson reiterated a “buy” rating and set a $415.00 price target on shares of Ulta Beauty in a report on Wednesday, April 16th. Finally, Barclays lowered their price objective on shares of Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating on the stock in a research note on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $427.17.

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.