Metis Global Partners LLC Sells 805 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Metis Global Partners LLC lowered its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 25.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,299 shares of the specialty retailer’s stock after selling 805 shares during the period. Metis Global Partners LLC’s holdings in Ulta Beauty were worth $1,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its holdings in shares of Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 45 shares during the last quarter. Westside Investment Management Inc. boosted its position in Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 50 shares during the period. Future Financial Wealth Managment LLC bought a new position in Ulta Beauty in the 4th quarter worth about $43,000. Ameliora Wealth Management Ltd. bought a new position in Ulta Beauty in the 4th quarter worth about $43,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Ulta Beauty during the third quarter worth approximately $41,000. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ULTA. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Loop Capital upped their target price on Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Citigroup raised their price target on Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Canaccord Genuity Group lifted their price objective on Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, TD Cowen increased their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $459.22.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $343.45 on Wednesday. The business’s 50-day moving average is $399.59 and its 200 day moving average is $388.58. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The firm has a market capitalization of $15.93 billion, a P/E ratio of 13.74, a P/E/G ratio of 0.89 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.69. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.07 earnings per share. On average, analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

About Ulta Beauty

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.