Corient Private Wealth LLC Has $5.98 Million Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Corient Private Wealth LLC trimmed its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 26.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,744 shares of the specialty retailer's stock after selling 4,972 shares during the period. Corient Private Wealth LLC's holdings in Ulta Beauty were worth $5,978,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. increased its position in shares of 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 purchasing an additional 45 shares during the period. Westside Investment Management Inc. boosted its stake 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 bought a new stake in Ulta Beauty in the 4th quarter valued at $33,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Ulta Beauty in the 3rd quarter valued at $41,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of Ulta Beauty during the 4th quarter worth about $43,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ULTA. TD Cowen upped their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. Barclays dropped their target price on Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. Telsey Advisory Group restated an "outperform" rating and set a $500.00 target price on shares of Ulta Beauty in a research report on Monday, March 10th. StockNews.com upgraded Ulta Beauty from a "sell" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, Oppenheimer lifted their price objective on Ulta Beauty from $505.00 to $515.00 and gave the company an "outperform" 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 twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $427.13.

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Ulta Beauty Trading Up 1.4 %

Shares of ULTA traded up $5.14 on Tuesday, reaching $371.30. 202,018 shares of the company's stock were exchanged, compared to its average volume of 1,044,802. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $529.67. The stock has a market capitalization of $17.22 billion, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The business has a 50 day moving average price of $376.82 and a two-hundred day moving average price of $386.57.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share 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 company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the business posted $8.08 EPS. The firm's quarterly revenue was down 1.9% on a year-over-year basis. 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.