Warther Private Wealth LLC Sells 23,619 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Warther Private Wealth LLC trimmed its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 79.3% in the 4th quarter, Holdings Channel reports. The fund owned 6,173 shares of the specialty retailer’s stock after selling 23,619 shares during the quarter. Ulta Beauty accounts for about 0.9% of Warther Private Wealth LLC’s investment portfolio, making the stock its 22nd biggest position. Warther Private Wealth LLC’s holdings in Ulta Beauty were worth $2,685,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ULTA. Paladin Wealth LLC bought a new position in shares of Ulta Beauty during the third quarter valued at approximately $32,000. Sunbelt Securities Inc. grew its stake in shares of Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after buying an additional 45 shares during the last quarter. Westside Investment Management Inc. increased its position in Ulta Beauty by 151.5% during 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 in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Ulta Beauty during the 3rd quarter valued at approximately $41,000. Finally, Future Financial Wealth Managment LLC bought a new stake in Ulta Beauty in the fourth quarter worth $43,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock opened at $374.53 on Wednesday. The stock’s fifty day moving average is $417.45 and its 200 day moving average is $386.41. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The stock 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 data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping 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 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 quarter last year, the company earned $5.07 earnings per share. Analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ULTA shares. BMO Capital Markets raised their price target on Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, December 6th. 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 report on Monday, January 6th. B. Riley upgraded shares of Ulta Beauty from a “sell” rating to a “neutral” rating and upped their target price for the stock from $330.00 to $430.00 in a research note on Tuesday, January 7th. Loop Capital raised their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Barclays upped their price objective on Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a research report on Thursday, January 9th. 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $459.22.

Ulta Beauty 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.