Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,952 shares of the specialty retailer’s stock after selling 231 shares during the quarter. Yousif Capital Management LLC’s holdings in Ulta Beauty were worth $2,589,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Paladin Wealth LLC acquired a new position in Ulta Beauty during the third quarter worth approximately $32,000. Sunbelt Securities Inc. grew its position in shares of Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 45 shares during the last quarter. Westside Investment Management Inc. increased its holdings in shares of 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 acquiring an additional 50 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in Ulta Beauty in the 3rd quarter valued at $41,000. Finally, Future Financial Wealth Managment LLC purchased a new position in Ulta Beauty during the 4th quarter worth $43,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets increased their target price on shares of Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Morgan Stanley upgraded Ulta Beauty from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $430.00 to $500.00 in a research note on Tuesday, January 21st. Piper Sandler upped their price target on Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. B. Riley upgraded shares of Ulta Beauty from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $330.00 to $430.00 in a research report on Tuesday, January 7th. Finally, DA Davidson upped their price objective on shares of Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $374.79 on Monday. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The business has a 50 day moving average price of $417.81 and a 200 day moving average price of $386.20. The company has a market capitalization of $17.38 billion, a P/E ratio of 15.00, a P/E/G ratio of 0.96 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.07 earnings per share. As a group, research analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal 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.