Dorsey & Whitney Trust CO LLC Has $1.82 Million Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Dorsey & Whitney Trust CO LLC decreased its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,179 shares of the specialty retailer’s stock after selling 65 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Ulta Beauty were worth $1,818,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ULTA. Jensen Investment Management Inc. grew its stake in Ulta Beauty by 17.9% during the third quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock worth $4,409,000 after purchasing an additional 1,720 shares during the period. Versor Investments LP acquired a new stake in Ulta Beauty during the third quarter worth approximately $793,000. Chase Investment Counsel Corp grew its stake in Ulta Beauty by 100.0% during the third quarter. Chase Investment Counsel Corp now owns 4,000 shares of the specialty retailer’s stock worth $1,556,000 after purchasing an additional 2,000 shares during the period. Integrated Investment Consultants LLC acquired a new stake in Ulta Beauty during the third quarter worth approximately $4,480,000. Finally, Thrivent Financial for Lutherans grew its stake in Ulta Beauty by 382.5% during the third quarter. Thrivent Financial for Lutherans now owns 10,698 shares of the specialty retailer’s stock worth $4,163,000 after purchasing an additional 8,481 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ULTA shares. JPMorgan Chase & Co. increased their price target on Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. DA Davidson increased their price target on Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, December 6th. UBS Group increased their price target on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Stifel Nicolaus increased their price target on Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. Finally, Morgan Stanley upgraded Ulta Beauty from an “equal weight” rating to an “overweight” rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Ulta Beauty currently has a consensus rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $355.43 on Friday. The business has a fifty day simple moving average of $394.36 and a two-hundred day simple moving average of $388.07. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The company has a market capitalization of $16.48 billion, a P/E ratio of 14.22, a P/E/G ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the business posted $5.07 earnings per share. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

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.