Private Advisor Group LLC Has $4.38 Million Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Private Advisor Group LLC trimmed its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 12.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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.

Several other institutional investors have also made changes to their positions in ULTA. Bryn Mawr Capital Management LLC boosted its stake in Ulta Beauty by 1,067.0% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 17,657 shares of the specialty retailer’s stock worth $7,680,000 after purchasing an additional 16,144 shares during the period. Alberta Investment Management Corp purchased a new stake in shares of Ulta Beauty in the fourth quarter valued at $905,000. Venturi Wealth Management LLC boosted its position in shares of Ulta Beauty by 94.1% in the fourth quarter. Venturi Wealth Management LLC now owns 165 shares of the specialty retailer’s stock worth $72,000 after buying an additional 80 shares during the period. Evergreen Wealth Management LLC grew its holdings in shares of Ulta Beauty by 5.1% during the fourth quarter. Evergreen Wealth Management LLC now owns 2,170 shares of the specialty retailer’s stock valued at $944,000 after buying an additional 106 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its position in Ulta Beauty by 7.8% during the fourth quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer’s stock valued at $1,663,000 after buying an additional 288 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Stock Down 1.4 %

NASDAQ:ULTA opened at $361.54 on Friday. The company’s 50 day moving average is $408.88 and its 200-day moving average is $386.66. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The firm has a market cap of $16.77 billion, a price-to-earnings ratio of 14.47, a P/E/G ratio of 0.89 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. Ulta Beauty’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business posted $5.07 EPS. Research analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on ULTA shares. TD Cowen raised their price objective on Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. raised their price target on shares of Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Loop Capital upped their price objective on shares of 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 lifted their target price on shares of Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a research note on Tuesday, January 7th. Finally, BMO Capital Markets upped their price target on shares of Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $459.22.

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.