Valley Wealth Managers Inc. Reduces Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Valley Wealth Managers Inc. lowered its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 18.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 861 shares of the specialty retailer’s stock after selling 200 shares during the period. Valley Wealth Managers Inc.’s holdings in Ulta Beauty were worth $374,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. International Assets Investment Management LLC increased its position in Ulta Beauty by 180,713.0% in the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after buying an additional 1,237,884 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Ulta Beauty by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock worth $461,059,000 after acquiring an additional 10,153 shares during the period. Ontario Teachers Pension Plan Board bought a new position in shares of Ulta Beauty during the 3rd quarter worth $359,480,000. Champlain Investment Partners LLC increased its holdings in Ulta Beauty by 5.4% in the 3rd quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock worth $237,519,000 after acquiring an additional 31,540 shares during the last quarter. Finally, Holocene Advisors LP raised its stake in Ulta Beauty by 3,246.2% in the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after acquiring an additional 335,914 shares during the period. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ULTA shares. BMO Capital Markets lifted their target price 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. JPMorgan Chase & Co. lifted their price objective on shares of Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Telsey Advisory Group reissued an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a report on Tuesday, January 7th. DA Davidson raised 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. Finally, William Blair lowered Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. 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. According to MarketBeat.com, Ulta Beauty currently has an average rating of “Hold” and an average price target of $459.22.

Ulta Beauty Stock Up 1.0 %

ULTA opened at $368.75 on Wednesday. The business’s fifty day simple moving average is $413.54 and its 200 day simple moving average is $386.55. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The stock has a market cap of $17.10 billion, a PE ratio of 14.76, a P/E/G ratio of 0.88 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 EPS for the quarter, beating the consensus estimate of $4.45 by $0.69. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $5.07 EPS. As a group, equities analysts anticipate that Ulta Beauty, Inc. will post 23.97 earnings per share for the current year.

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.