Diamond Hill Capital Management Inc. Sells 954 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Diamond Hill Capital Management Inc. trimmed its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,135 shares of the specialty retailer’s stock after selling 954 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in Ulta Beauty were worth $51,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Mondrian Investment Partners LTD bought a new position in shares of Ulta Beauty during the 4th quarter valued at $1,370,000. Tredje AP fonden lifted its holdings in shares of Ulta Beauty by 29.6% during the 4th quarter. Tredje AP fonden now owns 37,040 shares of the specialty retailer’s stock valued at $16,110,000 after buying an additional 8,460 shares during the period. Truvestments Capital LLC lifted its holdings in shares of Ulta Beauty by 32.4% during the 4th quarter. Truvestments Capital LLC now owns 1,882 shares of the specialty retailer’s stock valued at $819,000 after buying an additional 461 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Ulta Beauty by 32.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 601 shares of the specialty retailer’s stock valued at $261,000 after buying an additional 147 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Ulta Beauty by 10.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 4,433 shares of the specialty retailer’s stock valued at $1,928,000 after buying an additional 414 shares during the period. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Stock Down 4.5 %

Shares of Ulta Beauty stock opened at $314.47 on Friday. The firm has a market cap of $14.58 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 0.89 and a beta of 1.34. The business has a 50-day moving average price of $386.49 and a 200-day moving average price of $386.82. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $574.76.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ULTA shares. UBS Group upped their price objective on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Telsey Advisory Group restated an “outperform” rating and issued a $500.00 price objective on shares of Ulta Beauty in a research note on Monday. Loop Capital upped their price objective on Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Canaccord Genuity Group upped their price objective on Ulta Beauty from $500.00 to $538.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Finally, William Blair lowered Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $459.22.

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.