Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC decreased its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,169 shares of the specialty retailer’s stock after selling 189 shares during the period. Kingsview Wealth Management LLC’s holdings in Ulta Beauty were worth $1,378,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jensen Investment Management Inc. lifted its stake 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 valued at $4,409,000 after purchasing an additional 1,720 shares during the period. Versor Investments LP acquired a new position in Ulta Beauty during the third quarter worth about $793,000. Stephens Inc. AR raised its position in Ulta Beauty by 31.0% during the third quarter. Stephens Inc. AR now owns 16,014 shares of the specialty retailer’s stock worth $6,231,000 after acquiring an additional 3,791 shares during the last quarter. Chase Investment Counsel Corp raised its position in Ulta Beauty by 100.0% during the third quarter. Chase Investment Counsel Corp now owns 4,000 shares of the specialty retailer’s stock worth $1,556,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Integrated Investment Consultants LLC acquired a new position in Ulta Beauty during the third quarter worth about $4,480,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. B. Riley upgraded shares of Ulta Beauty from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $330.00 to $430.00 in a research report on Tuesday, January 7th. Piper Sandler lifted their target price on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. Citigroup lifted their target price on shares of Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Morgan Stanley upgraded shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $430.00 to $500.00 in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company lifted their price target on shares of Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a report on Tuesday, January 7th. 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.com, Ulta Beauty has an average rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty Stock Down 0.5 %

ULTA opened at $374.53 on Wednesday. The company has a 50 day moving average of $417.45 and a two-hundred day moving average of $386.41. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The company has a market cap of $17.37 billion, a P/E ratio of 14.99, a P/E/G ratio of 0.96 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the firm posted $5.07 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Research analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share 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.