Avalon Trust Co Sells 28,210 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Avalon Trust Co cut its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 77.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,120 shares of the specialty retailer's stock after selling 28,210 shares during the period. Avalon Trust Co's holdings in Ulta Beauty were worth $3,532,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sunbelt Securities Inc. boosted its stake in Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock valued at $32,000 after buying an additional 45 shares during the period. Westside Investment Management Inc. raised its holdings in shares of Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock valued at $32,000 after acquiring an additional 50 shares in the last quarter. Edge Capital Group LLC bought a new stake in shares of Ulta Beauty during the 4th quarter valued at about $33,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Ulta Beauty during the third quarter worth about $41,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of Ulta Beauty in the fourth quarter worth approximately $43,000. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ULTA has been the subject of a number of research reports. Citigroup cut their price target on shares of Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating for the company in a research note on Monday. Wells Fargo & Company cut their target price on shares of Ulta Beauty from $360.00 to $310.00 and set an "underweight" rating for the company in a research report on Friday, March 14th. Bank of America lowered their price target on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Piper Sandler cut their price objective on Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Finally, B. Riley decreased 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. One research 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, Ulta Beauty currently has a consensus rating of "Hold" and an average price target of $427.13.

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Ulta Beauty Trading Down 0.8 %

Ulta Beauty stock traded down $2.83 during trading hours on Thursday, hitting $340.89. 971,074 shares of the stock traded hands, compared to its average volume of 1,040,460. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $532.70. The firm's 50-day moving average price is $380.41 and its two-hundred day moving average price is $386.50. The company has a market cap of $15.81 billion, a PE ratio of 13.64, a PEG ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, beating the consensus estimate of $7.13 by $1.33. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm's revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $8.08 earnings per share. On average, sell-side 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.