Private Advisor Group LLC Sells 1,410 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Private Advisor Group LLC reduced its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 12.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,063 shares of the specialty retailer’s stock after selling 1,410 shares during the quarter. Private Advisor Group LLC’s holdings in Ulta Beauty were worth $4,377,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ULTA. Blue Trust Inc. raised its position in shares of Ulta Beauty by 22.4% during the third quarter. Blue Trust Inc. now owns 240 shares of the specialty retailer’s stock valued at $93,000 after buying an additional 44 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Ulta Beauty by 63.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,468 shares of the specialty retailer’s stock valued at $2,128,000 after acquiring an additional 2,114 shares during the period. Global Trust Asset Management LLC raised its holdings in Ulta Beauty by 39.6% in the 3rd quarter. Global Trust Asset Management LLC now owns 141 shares of the specialty retailer’s stock valued at $55,000 after acquiring an additional 40 shares in the last quarter. Convergence Financial LLC lifted its position in shares of Ulta Beauty by 55.1% in the 3rd quarter. Convergence Financial LLC now owns 2,755 shares of the specialty retailer’s stock worth $1,072,000 after acquiring an additional 979 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Ulta Beauty by 27.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,147 shares of the specialty retailer’s stock worth $1,675,000 after purchasing an additional 889 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Trading Down 1.4 %

ULTA opened at $361.54 on Friday. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The firm has a 50-day moving average price of $408.88 and a two-hundred day moving average price of $386.66. The stock has a market capitalization of $16.77 billion, a PE ratio of 14.47, a PEG ratio of 0.89 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating 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 business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the business posted $5.07 earnings per share. Ulta Beauty’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, research analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ULTA. TD Cowen upped their target price on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Telsey Advisory Group restated an “outperform” rating and issued a $500.00 price objective on shares of Ulta Beauty in a research note on Tuesday, January 7th. Barclays lifted their target price on shares of Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a research report on Thursday, January 9th. Canaccord Genuity Group increased their price target on shares of Ulta Beauty from $500.00 to $538.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Finally, B. Riley raised 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 report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $459.22.

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.