Zevin Asset Management LLC Has $267,000 Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Zevin Asset Management LLC trimmed its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 96.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 615 shares of the specialty retailer’s stock after selling 16,003 shares during the quarter. Zevin Asset Management LLC’s holdings in Ulta Beauty were worth $267,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Carret Asset Management LLC grew its holdings in Ulta Beauty by 5.7% during the 4th quarter. Carret Asset Management LLC now owns 6,041 shares of the specialty retailer’s stock worth $2,627,000 after acquiring an additional 327 shares during the last quarter. Mondrian Investment Partners LTD bought a new stake in Ulta Beauty during the 4th quarter worth approximately $1,370,000. Tredje AP fonden grew its holdings in Ulta Beauty by 29.6% during the 4th quarter. Tredje AP fonden now owns 37,040 shares of the specialty retailer’s stock worth $16,110,000 after acquiring an additional 8,460 shares during the last quarter. Truvestments Capital LLC grew its holdings in Ulta Beauty by 32.4% during the 4th quarter. Truvestments Capital LLC now owns 1,882 shares of the specialty retailer’s stock worth $819,000 after acquiring an additional 461 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Ulta Beauty by 32.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 601 shares of the specialty retailer’s stock worth $261,000 after acquiring an additional 147 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ULTA shares. Citigroup boosted their target price on shares of Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Morgan Stanley reduced their price objective on shares of Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating on the stock in a research note on Friday. Canaccord Genuity Group reduced their price objective on shares of Ulta Beauty from $538.00 to $526.00 and set a “buy” rating on the stock in a research note on Friday. Stifel Nicolaus reduced their price objective on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating on the stock in a research note on Friday. Finally, TD Cowen upped their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $431.13.

Ulta Beauty Trading Up 13.7 %

ULTA opened at $357.48 on Friday. The company’s fifty day moving average price is $385.01 and its two-hundred day moving average price is $386.69. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $546.58. The company has a market cap of $16.58 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last announced its 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. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.08 earnings per share. As a group, equities analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal 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.