Lindenwold Advisors INC Reduces Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Lindenwold Advisors INC trimmed its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 29.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,381 shares of the specialty retailer’s stock after selling 1,445 shares during the quarter. Lindenwold Advisors INC’s holdings in Ulta Beauty were worth $1,470,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd lifted its stake in shares of Ulta Beauty by 1,271.4% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,440 shares of the specialty retailer’s stock valued at $622,000 after buying an additional 1,335 shares in the last quarter. Vinva Investment Management Ltd purchased a new stake in Ulta Beauty in the 4th quarter worth approximately $366,000. Enhancing Capital LLC purchased a new stake in Ulta Beauty in the 4th quarter worth approximately $625,000. Generali Asset Management SPA SGR purchased a new stake in Ulta Beauty in the 4th quarter worth approximately $985,000. Finally, Thrivent Financial for Lutherans lifted its stake in Ulta Beauty by 1.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 10,857 shares of the specialty retailer’s stock worth $4,722,000 after purchasing an additional 159 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on ULTA. Canaccord Genuity Group decreased their price target on shares of Ulta Beauty from $538.00 to $526.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Piper Sandler reduced their target price on shares of Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Bank of America reduced their target price on shares of Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Loop Capital increased their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $427.13.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA opened at $343.83 on Wednesday. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $535.08. The stock has a market cap of $15.94 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The firm has a 50-day moving average of $381.84 and a 200 day moving average of $386.80.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period last year, the company posted $8.08 EPS. Ulta Beauty’s revenue was down 1.9% on a year-over-year basis. Research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal 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.