Warther Private Wealth LLC Has $351,000 Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Warther Private Wealth LLC reduced its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 84.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 957 shares of the specialty retailer’s stock after selling 5,216 shares during the quarter. Warther Private Wealth LLC’s holdings in Ulta Beauty were worth $351,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in shares of Ulta Beauty by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,199,935 shares of the specialty retailer’s stock valued at $520,587,000 after buying an additional 11,205 shares during the last quarter. Capital World Investors acquired a new position in shares of Ulta Beauty during the fourth quarter valued at about $430,674,000. Deutsche Bank AG grew its holdings in shares of Ulta Beauty by 1.4% during the fourth quarter. Deutsche Bank AG now owns 655,561 shares of the specialty retailer’s stock valued at $285,123,000 after buying an additional 9,291 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Ulta Beauty by 14.7% during the fourth quarter. Northern Trust Corp now owns 562,155 shares of the specialty retailer’s stock valued at $244,498,000 after buying an additional 72,004 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Ulta Beauty during the fourth quarter valued at about $239,432,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Trading Down 0.7%

Ulta Beauty stock opened at $459.17 on Monday. The firm’s 50 day simple moving average is $405.37 and its 200 day simple moving average is $395.76. The firm has a market capitalization of $20.64 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 0.89 and a beta of 1.09. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $491.98.

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

Insiders Place Their Bets

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the business’s stock in a transaction that occurred 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 owns 7,632 shares of the company’s stock, valued at $2,817,429.12. The trade was a 10.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

ULTA has been the subject of a number of analyst reports. BMO Capital Markets reduced their price objective on shares of Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating for the company in a report on Friday, March 14th. JPMorgan Chase & Co. boosted their price target on shares of Ulta Beauty from $477.00 to $525.00 and gave the stock an “overweight” rating in a report on Friday, May 30th. Citigroup boosted their price target on shares of Ulta Beauty from $425.00 to $450.00 and gave the stock a “neutral” rating in a report on Friday, May 30th. Raymond James restated an “outperform” rating and set a $500.00 price target (up from $450.00) on shares of Ulta Beauty in a report on Friday, May 30th. Finally, Stifel Nicolaus cut their price target on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating on the stock in a report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $460.91.

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.