Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Sargent Investment Group LLC

Sargent Investment Group LLC decreased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 25.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 827 shares of the specialty retailer’s stock after selling 284 shares during the quarter. Sargent Investment Group LLC’s holdings in Ulta Beauty were worth $334,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Paladin Wealth LLC acquired a new stake in shares of Ulta Beauty in the third quarter valued at $32,000. Sunbelt Securities Inc. grew its stake in shares of Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 45 shares in the last quarter. Westside Investment Management Inc. grew its stake in shares of 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 buying an additional 50 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Ulta Beauty in the fourth quarter valued at $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Ulta Beauty in the third quarter valued at $41,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

ULTA has been the subject of a number of research reports. Barclays lifted their price objective on Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a research note on Thursday, January 9th. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Raymond James dropped their price objective on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. Loop Capital upped their price target on Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, DA Davidson upped their price target on Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Stock Up 0.4 %

Shares of NASDAQ ULTA opened at $410.67 on Thursday. The stock has a market cap of $19.04 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 0.98 and a beta of 1.28. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The business has a 50-day moving average price of $416.81 and a 200 day moving average price of $386.06.

Ulta Beauty (NASDAQ:ULTA) last announced 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 firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $5.07 EPS. Sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

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.