Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC decreased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 13.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,263 shares of the specialty retailer’s stock after selling 1,331 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Ulta Beauty were worth $3,594,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its stake in Ulta Beauty by 180,713.0% during 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 acquiring an additional 1,237,884 shares during the last quarter. Geode Capital Management LLC increased its stake in Ulta Beauty by 0.9% during the third 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 last quarter. Ontario Teachers Pension Plan Board acquired a new stake in Ulta Beauty during the third quarter worth $359,480,000. Champlain Investment Partners LLC increased its stake in Ulta Beauty by 5.4% during the third 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, Alecta Tjanstepension Omsesidigt increased its stake in Ulta Beauty by 14.4% during the third quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock worth $200,944,000 after acquiring an additional 65,000 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA opened at $376.34 on Tuesday. The company has a market capitalization of $17.45 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 0.96 and a beta of 1.28. The business has a 50-day moving average of $417.81 and a two-hundred day moving average of $386.32. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its 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. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the business earned $5.07 EPS. The business’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets lifted their price objective on Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Wells Fargo & Company lifted their price objective on Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a research note on Tuesday, January 7th. UBS Group lifted their price objective on Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Citigroup lifted their price objective on Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, Oppenheimer lifted their target price on Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. One research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $459.22.

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.