Glenview Trust co Sells 3,784 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Glenview Trust co trimmed its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 29.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,268 shares of the specialty retailer’s stock after selling 3,784 shares during the quarter. Glenview Trust co’s holdings in Ulta Beauty were worth $4,031,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ULTA. Apollon Wealth Management LLC increased its holdings in Ulta Beauty by 44.7% in the third quarter. Apollon Wealth Management LLC now owns 1,399 shares of the specialty retailer’s stock valued at $544,000 after purchasing an additional 432 shares during the period. KBC Group NV increased its stake in shares of Ulta Beauty by 305.3% in the third quarter. KBC Group NV now owns 29,726 shares of the specialty retailer’s stock valued at $11,567,000 after buying an additional 22,392 shares during the period. Metis Global Partners LLC raised its position in shares of Ulta Beauty by 6.0% during the third quarter. Metis Global Partners LLC now owns 3,104 shares of the specialty retailer’s stock worth $1,208,000 after acquiring an additional 176 shares during the last quarter. Empirical Finance LLC lifted its stake in shares of Ulta Beauty by 1.3% in the third quarter. Empirical Finance LLC now owns 3,231 shares of the specialty retailer’s stock worth $1,257,000 after acquiring an additional 42 shares during the period. Finally, Mizuho Securities USA LLC boosted its holdings in Ulta Beauty by 970.0% in the third quarter. Mizuho Securities USA LLC now owns 39,503 shares of the specialty retailer’s stock valued at $15,371,000 after acquiring an additional 35,811 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $357.48 on Monday. The company has a market capitalization of $16.58 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 52-week low of $309.01 and a 52-week high of $544.36. The company has a 50-day simple moving average of $385.01 and a 200 day simple moving average of $386.94.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the business posted $8.08 EPS. Ulta Beauty’s quarterly revenue was down 1.9% compared to the same quarter last year. As a group, analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ULTA has been the topic of a number of recent analyst reports. BMO Capital Markets dropped their price target on shares of Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating on the stock in a research report on Friday. DA Davidson dropped their target price on shares of Ulta Beauty from $510.00 to $415.00 and set a “buy” rating on the stock in a report on Friday. B. Riley decreased their price target on Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating for the company in a report on Friday. Barclays dropped their price objective on Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Wells Fargo & Company decreased their target price on Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $431.13.

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.