HB Wealth Management LLC Has $307,000 Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

HB Wealth Management LLC lessened its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 23.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 706 shares of the specialty retailer’s stock after selling 212 shares during the period. HB Wealth Management LLC’s holdings in Ulta Beauty were worth $307,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Farther Finance Advisors LLC grew its holdings in Ulta Beauty by 4.7% during the third quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock worth $244,000 after purchasing an additional 28 shares during the period. Daymark Wealth Partners LLC increased its holdings in Ulta Beauty by 3.0% in the 2nd quarter. Daymark Wealth Partners LLC now owns 1,221 shares of the specialty retailer’s stock valued at $471,000 after buying an additional 36 shares during the period. Global Trust Asset Management LLC lifted its stake in Ulta Beauty by 39.6% during the third quarter. Global Trust Asset Management LLC now owns 141 shares of the specialty retailer’s stock worth $55,000 after purchasing an additional 40 shares during the last quarter. Empirical Finance LLC grew its position in Ulta Beauty by 1.3% in the third quarter. Empirical Finance LLC now owns 3,231 shares of the specialty retailer’s stock valued at $1,257,000 after acquiring an additional 42 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Ulta Beauty by 0.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,817 shares of the specialty retailer’s stock valued at $1,874,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

ULTA has been the topic of several analyst reports. TD Cowen boosted their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Barclays boosted their price objective on Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a report on Thursday, January 9th. Deutsche Bank Aktiengesellschaft decreased their price target on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Raymond James reduced their price objective on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. Finally, Morgan Stanley upgraded Ulta Beauty from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $430.00 to $500.00 in a research note on Tuesday. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $459.22.

Ulta Beauty Stock Up 0.0 %

ULTA opened at $418.55 on Friday. The firm has a market cap of $19.41 billion, a P/E ratio of 16.75, a P/E/G ratio of 1.01 and a beta of 1.28. The business has a fifty day simple moving average of $406.08 and a 200-day simple moving average of $385.23. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its 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 return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the prior year, the firm earned $5.07 EPS. The business’s revenue was up 1.7% on a year-over-year basis. Sell-side analysts expect that Ulta Beauty, Inc. will post 23.93 earnings per share for the current year.

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.