Norden Group LLC Has $616,000 Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Norden Group LLC trimmed its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 46.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,417 shares of the specialty retailer’s stock after selling 1,228 shares during the period. Norden Group LLC’s holdings in Ulta Beauty were worth $616,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in Ulta Beauty by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock worth $461,059,000 after buying an additional 10,153 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new position in Ulta Beauty during the third quarter worth $359,480,000. Champlain Investment Partners LLC increased its holdings in Ulta Beauty by 5.4% during the third quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock worth $237,519,000 after buying an additional 31,540 shares during the last quarter. Holocene Advisors LP increased its holdings in Ulta Beauty by 3,246.2% during the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock worth $134,737,000 after buying an additional 335,914 shares during the last quarter. Finally, Swedbank AB increased its holdings in Ulta Beauty by 33.9% during the third quarter. Swedbank AB now owns 321,605 shares of the specialty retailer’s stock worth $125,143,000 after buying an additional 81,414 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ULTA has been the topic of a number of recent analyst reports. DA Davidson boosted their target price on shares of Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, December 6th. UBS Group upped their price objective on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a report on Friday, December 6th. Barclays upped their price objective on shares of Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a report on Thursday, January 9th. B. Riley upgraded shares of Ulta Beauty from a “sell” rating to a “neutral” rating and upped their price objective for the company from $330.00 to $430.00 in a report on Tuesday, January 7th. Finally, Loop Capital upped their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a report on Monday, December 9th. 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty Stock Down 4.8 %

ULTA opened at $348.86 on Tuesday. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The company has a 50-day simple moving average of $401.43 and a 200 day simple moving average of $388.82. The stock has a market capitalization of $16.18 billion, a price-to-earnings ratio of 13.96, a P/E/G ratio of 0.89 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The firm 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 business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.07 earnings per share. Sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Ulta Beauty 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.