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

Warther Private Wealth LLC decreased its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 79.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,173 shares of the specialty retailer’s stock after selling 23,619 shares during the period. Ulta Beauty accounts for about 0.9% of Warther Private Wealth LLC’s holdings, 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.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fishman Jay A Ltd. MI lifted its holdings in shares of Ulta Beauty by 1.8% in the fourth quarter. Fishman Jay A Ltd. MI now owns 4,340 shares of the specialty retailer’s stock worth $1,888,000 after buying an additional 75 shares in the last quarter. Quent Capital LLC grew its position in Ulta Beauty by 37.8% during the fourth quarter. Quent Capital LLC now owns 197 shares of the specialty retailer’s stock worth $86,000 after buying an additional 54 shares in the last quarter. Cigna Investments Inc. New bought a new position in Ulta Beauty in the 4th quarter worth about $214,000. Summit Trail Advisors LLC purchased a new stake in shares of Ulta Beauty in the 4th quarter valued at about $311,000. Finally, Elevate Capital Advisors LLC bought a new stake in shares of Ulta Beauty during the 4th quarter valued at about $2,997,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Down 0.5 %

NASDAQ:ULTA opened at $374.53 on Wednesday. The firm’s fifty day simple moving average is $417.45 and its 200 day simple moving average is $386.41. The stock has a market cap of $17.37 billion, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 0.96 and a beta of 1.28. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its 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 firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the firm posted $5.07 EPS. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Analysts Set New Price Targets

ULTA has been the topic of a number of recent analyst reports. William Blair downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. Loop Capital lifted their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Piper Sandler upped 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. Bank of America raised their price target on Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Finally, UBS Group upped their price objective on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average 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.