Commonwealth Equity Services LLC Sells 1,084 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Commonwealth Equity Services LLC lessened its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 4.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,302 shares of the specialty retailer's stock after selling 1,084 shares during the period. Commonwealth Equity Services LLC's holdings in Ulta Beauty were worth $9,265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Tredje AP fonden raised its stake in shares of Ulta Beauty by 29.6% in the 4th quarter. Tredje AP fonden now owns 37,040 shares of the specialty retailer's stock worth $16,110,000 after buying an additional 8,460 shares in the last quarter. Truvestments Capital LLC lifted its holdings in shares of Ulta Beauty by 32.4% during the fourth quarter. Truvestments Capital LLC now owns 1,882 shares of the specialty retailer's stock valued at $819,000 after purchasing an additional 461 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Ulta Beauty by 32.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 601 shares of the specialty retailer's stock valued at $261,000 after purchasing an additional 147 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Ulta Beauty by 10.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 4,433 shares of the specialty retailer's stock valued at $1,928,000 after purchasing an additional 414 shares during the last quarter. Finally, Wealth High Governance Capital Ltda purchased a new stake in shares of Ulta Beauty during the fourth quarter valued at $6,741,000. Institutional investors own 90.39% of the company's stock.

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Ulta Beauty Trading Up 2.8 %

NASDAQ:ULTA traded up $9.68 during mid-day trading on Friday, hitting $350.57. 1,730,045 shares of the company's stock traded hands, compared to its average volume of 1,044,654. The firm has a 50 day moving average of $377.57 and a two-hundred day moving average of $386.36. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $529.67. The firm has a market capitalization of $16.26 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its 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. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the company earned $8.08 EPS. The firm's revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

ULTA has been the subject of several analyst reports. Bank of America reduced their target price on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a report on Friday, March 14th. BMO Capital Markets reduced their target price on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating for the company in a report on Friday, March 14th. Morgan Stanley reduced their price objective on Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Citigroup reduced their price objective on Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Finally, Oppenheimer increased their price objective on Ulta Beauty from $505.00 to $515.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Ulta Beauty presently has a consensus rating of "Hold" and an average price target of $427.13.

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.