Rempart Asset Management Inc. Sells 9,139 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Rempart Asset Management Inc. trimmed its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 19.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 37,857 shares of the specialty retailer’s stock after selling 9,139 shares during the quarter. Ulta Beauty comprises approximately 3.3% of Rempart Asset Management Inc.’s portfolio, making the stock its 20th biggest position. Rempart Asset Management Inc.’s holdings in Ulta Beauty were worth $16,465,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Paladin Wealth LLC purchased a new stake in Ulta Beauty in the third quarter worth about $32,000. Sunbelt Securities Inc. boosted its stake in Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 45 shares during the period. Westside Investment Management Inc. raised its position in shares of Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 50 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Ulta Beauty in the third quarter worth $41,000. Finally, American National Bank & Trust bought a new position in shares of Ulta Beauty during the third quarter worth $44,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Down 2.3 %

Shares of Ulta Beauty stock traded down $9.99 on Wednesday, reaching $418.28. The company’s stock had a trading volume of 120,963 shares, compared to its average volume of 764,541. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The company has a market capitalization of $19.40 billion, a P/E ratio of 16.74, a PEG ratio of 2.38 and a beta of 1.28. The stock has a 50-day moving average price of $399.50 and a 200-day moving average price of $383.42.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 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 up 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $5.07 earnings per share. Sell-side analysts forecast that Ulta Beauty, Inc. will post 23.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

ULTA has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus boosted their price objective on Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a report on Tuesday. Bank of America lifted their target price on Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Canaccord Genuity Group raised their price target on shares of Ulta Beauty from $500.00 to $538.00 and gave the stock a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $454.43.

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.