Sheets Smith Wealth Management lifted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.6% in the fourth quarter, HoldingsChannel reports. The firm owned 13,929 shares of the specialty retailer’s stock after purchasing an additional 479 shares during the quarter. Sheets Smith Wealth Management’s holdings in Ulta Beauty were worth $4,000,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Nuveen Asset Management LLC lifted its position in Ulta Beauty by 185.8% in the second quarter. Nuveen Asset Management LLC now owns 741,394 shares of the specialty retailer’s stock worth $150,814,000 after buying an additional 481,947 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in Ulta Beauty by 952.6% in the third quarter. Great West Life Assurance Co. Can now owns 375,383 shares of the specialty retailer’s stock worth $7,755,000 after buying an additional 339,719 shares during the last quarter. Boston Partners bought a new stake in Ulta Beauty in the third quarter worth $74,905,000. Alecta Pensionsforsakring Omsesidigt lifted its position in Ulta Beauty by 28.4% in the third quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,288,605 shares of the specialty retailer’s stock worth $288,300,000 after buying an additional 285,000 shares during the last quarter. Finally, Champlain Investment Partners LLC lifted its position in Ulta Beauty by 25.9% in the third quarter. Champlain Investment Partners LLC now owns 1,106,106 shares of the specialty retailer’s stock worth $247,746,000 after buying an additional 227,605 shares during the last quarter. 85.99% of the stock is owned by hedge funds and other institutional investors.

In other Ulta Beauty news, Director Lorna Nagler sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 9th. The shares were sold at an average price of $271.67, for a total value of $1,358,350.00. Following the completion of the sale, the director now directly owns 11,963 shares in the company, valued at $3,249,988.21. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mary N. Dillon sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, December 11th. The shares were sold at an average price of $265.15, for a total transaction of $13,257,500.00. Following the completion of the sale, the chief executive officer now owns 146,234 shares of the company’s stock, valued at $38,773,945.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,371 shares of company stock valued at $23,159,150. 4.70% of the stock is owned by insiders.

Shares of NASDAQ ULTA traded down $0.21 during midday trading on Wednesday, reaching $294.01. 498,505 shares of the company’s stock traded hands, compared to its average volume of 696,051. The company has a quick ratio of 1.35, a current ratio of 2.64 and a debt-to-equity ratio of 0.45. The stock’s 50 day simple moving average is $277.61 and its 200-day simple moving average is $236.49. Ulta Beauty, Inc. has a one year low of $124.05 and a one year high of $304.65. The company has a market cap of $16.56 billion, a price-to-earnings ratio of 59.93, a P/E/G ratio of 5.98 and a beta of 1.50.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Wednesday, December 2nd. The specialty retailer reported $1.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.15. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. Ulta Beauty had a net margin of 4.41% and a return on equity of 18.00%. Ulta Beauty’s revenue was down 7.8% compared to the same quarter last year. During the same period last year, the firm earned $2.25 earnings per share. Equities analysts predict that Ulta Beauty, Inc. will post 4.49 EPS for the current fiscal year.

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Ulta Beauty from $260.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, November 30th. Telsey Advisory Group reiterated an “outperform” rating and set a $315.00 target price on shares of Ulta Beauty in a research report on Friday, December 4th. BidaskClub upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 5th. TheStreet upgraded Ulta Beauty from a “c” rating to a “b-” rating in a research report on Thursday, December 3rd. Finally, DA Davidson lifted their target price on Ulta Beauty from $280.00 to $310.00 in a research report on Friday, December 4th. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $274.19.

About Ulta Beauty

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