KBC Group NV decreased its holdings in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 4.6% in the 4th quarter, Holdings Channel reports. The firm owned 9,809 shares of the specialty retailer’s stock after selling 468 shares during the period. KBC Group NV’s holdings in Ulta Beauty were worth $2,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. First Manhattan Co. increased its position in Ulta Beauty by 22.0% during the 4th quarter. First Manhattan Co. now owns 397,985 shares of the specialty retailer’s stock worth $97,442,000 after buying an additional 71,878 shares during the period. BKS Advisors LLC increased its position in Ulta Beauty by 80.9% during the 4th quarter. BKS Advisors LLC now owns 3,355 shares of the specialty retailer’s stock worth $821,000 after buying an additional 1,500 shares during the period. Atlas Capital Advisors LLC bought a new position in Ulta Beauty during the 4th quarter worth $296,000. D.A. Davidson & CO. increased its position in Ulta Beauty by 24.2% during the 4th quarter. D.A. Davidson & CO. now owns 2,923 shares of the specialty retailer’s stock worth $716,000 after buying an additional 569 shares during the period. Finally, Scholtz & Company LLC increased its position in Ulta Beauty by 2.7% during the 4th quarter. Scholtz & Company LLC now owns 21,659 shares of the specialty retailer’s stock worth $5,303,000 after buying an additional 570 shares during the period. 89.75% of the stock is owned by institutional investors and hedge funds.

Several research firms have weighed in on ULTA. ValuEngine upgraded Ulta Beauty from a “hold” rating to a “buy” rating in a research report on Tuesday, January 22nd. BidaskClub upgraded Ulta Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, January 9th. Wells Fargo & Co decreased their price target on Ulta Beauty from $328.00 to $280.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 2nd. Citigroup assumed coverage on Ulta Beauty in a research report on Wednesday, December 19th. They issued a “buy” rating on the stock. Finally, Loop Capital decreased their price target on Ulta Beauty to $265.00 and set an “average” rating on the stock in a research report on Friday, December 14th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Ulta Beauty currently has an average rating of “Buy” and an average price target of $288.84.

NASDAQ:ULTA opened at $296.06 on Friday. The stock has a market capitalization of $17.41 billion, a P/E ratio of 36.28, a price-to-earnings-growth ratio of 1.25 and a beta of 0.99. Ulta Beauty Inc has a twelve month low of $191.70 and a twelve month high of $322.49.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, December 6th. The specialty retailer reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.02. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.56 billion. Ulta Beauty had a return on equity of 33.75% and a net margin of 9.99%. Ulta Beauty’s revenue was up 16.2% compared to the same quarter last year. During the same period last year, the firm posted $1.69 earnings per share. Equities analysts predict that Ulta Beauty Inc will post 10.82 EPS for the current fiscal year.

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About Ulta Beauty

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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