Beacon Pointe Advisors LLC Has $7.02 Million Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Beacon Pointe Advisors LLC lifted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,132 shares of the specialty retailer’s stock after acquiring an additional 166 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Ulta Beauty were worth $7,016,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Prestige Wealth Management Group LLC boosted its holdings in shares of Ulta Beauty by 121.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 34 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in Ulta Beauty by 151.5% during the 3rd 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. Future Financial Wealth Managment LLC acquired a new position in Ulta Beauty during the 4th quarter worth $43,000. Ameliora Wealth Management Ltd. acquired a new position in Ulta Beauty during the 4th quarter worth $43,000. Finally, ORG Partners LLC acquired a new position in Ulta Beauty during the 4th quarter worth $57,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ULTA shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Ulta Beauty in a report on Monday, March 10th. B. Riley reduced their price objective on Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. DA Davidson reaffirmed a “buy” rating and set a $415.00 price objective on shares of Ulta Beauty in a report on Wednesday, April 16th. Argus lowered Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Monday, April 14th. Finally, StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Ulta Beauty has an average rating of “Hold” and an average price target of $427.61.

Insiders Place Their Bets

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the transaction, the insider now owns 7,632 shares of the company’s stock, valued at $2,817,429.12. The trade was a 10.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock opened at $386.44 on Tuesday. The business’s 50 day simple moving average is $358.87 and its 200 day simple moving average is $382.90. Ulta Beauty, Inc. has a 52-week low of $309.01 and a 52-week high of $460.00. The firm has a market cap of $17.51 billion, a PE ratio of 15.46, a P/E/G ratio of 0.89 and a beta of 1.16.

Ulta Beauty (NASDAQ:ULTA) last announced its 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 return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the firm earned $8.08 EPS. Ulta Beauty’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, equities research analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current 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.