Dorsey & Whitney Trust CO LLC Trims Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Dorsey & Whitney Trust CO LLC cut its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,179 shares of the specialty retailer’s stock after selling 65 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Ulta Beauty were worth $1,818,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ULTA. Sunbelt Securities Inc. grew its position in Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after buying an additional 45 shares in the last quarter. Westside Investment Management Inc. grew its position in Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after buying an additional 50 shares in the last quarter. Edge Capital Group LLC purchased a new position in Ulta Beauty during the fourth quarter worth about $33,000. Harvest Fund Management Co. Ltd purchased a new position in Ulta Beauty during the third quarter worth about $41,000. Finally, Future Financial Wealth Managment LLC purchased a new position in Ulta Beauty during the fourth quarter worth about $43,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on ULTA. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. William Blair cut shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. B. Riley upgraded shares of Ulta Beauty from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $330.00 to $430.00 in a report on Tuesday, January 7th. Citigroup lifted their target price on shares of Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company boosted their price target on shares of Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $459.22.

Ulta Beauty Stock Up 0.1 %

NASDAQ:ULTA opened at $355.43 on Friday. The stock has a market cap of $16.48 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The firm’s fifty day simple moving average is $394.36 and its 200 day simple moving average is $388.07. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.45 by $0.69. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.07 earnings per share. On average, analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Ulta Beauty Company 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.