Daymark Wealth Partners LLC Lowers Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Daymark Wealth Partners LLC reduced its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 13.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 995 shares of the specialty retailer’s stock after selling 150 shares during the period. Daymark Wealth Partners LLC’s holdings in Ulta Beauty were worth $433,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Paladin Wealth LLC acquired a new position in shares of Ulta Beauty in the third quarter worth $32,000. Sunbelt Securities Inc. boosted its position in shares of Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 45 shares in the last quarter. Westside Investment Management Inc. increased its stake in Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 50 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Ulta Beauty in the 3rd quarter valued at $41,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of Ulta Beauty during the fourth quarter worth about $43,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Trading Up 0.0 %

Shares of ULTA stock opened at $418.55 on Friday. The company’s fifty day simple moving average is $406.08 and its 200-day simple moving average is $385.23. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The company has a market cap of $19.41 billion, a PE ratio of 16.75, a P/E/G ratio of 1.01 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 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 company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the company posted $5.07 earnings per share. The firm’s revenue was up 1.7% compared to the same quarter last year. Equities research analysts expect that Ulta Beauty, Inc. will post 23.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ULTA shares. BMO Capital Markets upped their target price on shares of Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Morgan Stanley raised Ulta Beauty from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $430.00 to $500.00 in a report on Tuesday. Canaccord Genuity Group raised their price target on Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. TD Cowen upped their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Finally, B. Riley raised Ulta Beauty from a “sell” rating to a “neutral” rating and increased their price objective for the company from $330.00 to $430.00 in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.