Tidal Investments LLC Has $1.06 Million Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Tidal Investments LLC reduced its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 56.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,723 shares of the specialty retailer’s stock after selling 3,525 shares during the quarter. Tidal Investments LLC’s holdings in Ulta Beauty were worth $1,060,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in ULTA. Choreo LLC lifted its position in Ulta Beauty by 71.7% during the 2nd quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock worth $1,103,000 after buying an additional 1,198 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Ulta Beauty in the second quarter valued at about $19,136,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Ulta Beauty by 5.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer’s stock worth $1,072,000 after buying an additional 139 shares during the period. Jensen Investment Management Inc. boosted its stake in Ulta Beauty by 17.9% in the 3rd quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock worth $4,409,000 after purchasing an additional 1,720 shares during the period. Finally, Distillate Capital Partners LLC bought a new stake in Ulta Beauty in the 2nd quarter valued at approximately $14,665,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Stock Performance

Shares of NASDAQ ULTA opened at $425.52 on Friday. The company has a 50 day simple moving average of $383.13 and a two-hundred day simple moving average of $379.16. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The company has a market capitalization of $19.73 billion, a price-to-earnings ratio of 17.03, a P/E/G ratio of 2.38 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The firm had revenue of $2.53 billion during 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%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $5.07 earnings per share. On average, analysts forecast that Ulta Beauty, Inc. will post 23.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ULTA. Bank of America lowered their price target on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a research note on Friday, August 30th. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Saturday, September 28th. TD Cowen lowered their target price on shares of Ulta Beauty from $390.00 to $380.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. B. Riley boosted their price objective on shares of Ulta Beauty from $300.00 to $330.00 and gave the stock a “sell” rating in a research note on Friday, December 6th. Finally, Loop Capital raised their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $439.30.

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.