Moody National Bank Trust Division Sells 136 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Moody National Bank Trust Division lowered its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,568 shares of the specialty retailer’s stock after selling 136 shares during the period. Moody National Bank Trust Division’s holdings in Ulta Beauty were worth $1,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Susquehanna Fundamental Investments LLC bought a new stake in Ulta Beauty in the 2nd quarter valued at $19,136,000. Jensen Investment Management Inc. increased its holdings in shares of Ulta Beauty by 17.9% in the third quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock worth $4,409,000 after purchasing an additional 1,720 shares during the last quarter. Distillate Capital Partners LLC purchased a new stake in shares of Ulta Beauty in the second quarter worth about $14,665,000. Versor Investments LP bought a new position in Ulta Beauty during the third quarter valued at approximately $793,000. Finally, Stephens Inc. AR boosted its stake in Ulta Beauty by 31.0% during the third quarter. Stephens Inc. AR now owns 16,014 shares of the specialty retailer’s stock valued at $6,231,000 after buying an additional 3,791 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $403.94 on Tuesday. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The firm has a market capitalization of $18.73 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 2.38 and a beta of 1.28. The stock’s 50-day simple moving average is $402.41 and its 200-day simple moving average is $384.13.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the business posted $5.07 EPS. Ulta Beauty’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, equities analysts forecast that Ulta Beauty, Inc. will post 23.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Loop Capital upped their price objective on Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Telsey Advisory Group reissued an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a research report on Tuesday, January 7th. Wells Fargo & Company increased their price objective on shares of Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 7th. Stifel Nicolaus raised their price objective on shares of Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. Finally, UBS Group upped their target price on Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ulta Beauty currently has an average rating of “Hold” and an average target price of $460.30.

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.