Bath Savings Trust Co Sells 465 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Bath Savings Trust Co trimmed its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 11.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,627 shares of the specialty retailer’s stock after selling 465 shares during the period. Bath Savings Trust Co’s holdings in Ulta Beauty were worth $1,577,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ULTA. Farther Finance Advisors LLC grew its position in shares of Ulta Beauty by 4.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock valued at $244,000 after purchasing an additional 28 shares in the last quarter. Brighton Jones LLC raised its position in Ulta Beauty by 1.8% during the second quarter. Brighton Jones LLC now owns 1,826 shares of the specialty retailer’s stock valued at $705,000 after purchasing an additional 33 shares in the last quarter. Daymark Wealth Partners LLC lifted its stake in Ulta Beauty by 3.0% during the second quarter. Daymark Wealth Partners LLC now owns 1,221 shares of the specialty retailer’s stock worth $471,000 after purchasing an additional 36 shares during the last quarter. Trust Investment Advisors increased its position in shares of Ulta Beauty by 2.5% during the 2nd quarter. Trust Investment Advisors now owns 1,491 shares of the specialty retailer’s stock valued at $575,000 after purchasing an additional 37 shares during the last quarter. Finally, Global Trust Asset Management LLC lifted its position 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 worth $55,000 after buying an additional 40 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock traded down $0.44 on Tuesday, reaching $430.86. The company had a trading volume of 1,188,488 shares, compared to its average volume of 771,703. The firm’s 50 day moving average price is $398.53 and its two-hundred day moving average price is $383.10. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The firm has a market cap of $19.98 billion, a PE ratio of 17.24, a PEG ratio of 2.38 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last announced 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. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the firm earned $5.07 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, sell-side analysts predict that Ulta Beauty, Inc. will post 23.57 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on ULTA. Canaccord Genuity Group lifted their price target on shares of Ulta Beauty from $442.00 to $476.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Loop Capital raised their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Wells Fargo & Company boosted their target price on Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a research note on Tuesday. William Blair cut Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. Finally, Piper Sandler increased their price target on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $451.43.

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.