Envestnet Portfolio Solutions Inc. lessened its stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 44.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,107 shares of the specialty retailer's stock after selling 882 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Ulta Beauty were worth $481,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. increased its stake in shares of Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after acquiring an additional 45 shares during the last quarter. Westside Investment Management Inc. grew its holdings in shares of Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock valued at $32,000 after purchasing an additional 50 shares during the period. Edge Capital Group LLC acquired a new stake in Ulta Beauty during the fourth quarter worth about $33,000. Harvest Fund Management Co. Ltd purchased a new position in Ulta Beauty during the third quarter worth about $41,000. Finally, Future Financial Wealth Managment LLC purchased a new position in Ulta Beauty during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 90.39% of the company's stock.
Ulta Beauty Stock Performance
Shares of ULTA stock traded down $11.20 during mid-day trading on Friday, hitting $359.14. 529,247 shares of the stock were exchanged, compared to its average volume of 1,058,259. The stock's fifty day simple moving average is $374.58 and its two-hundred day simple moving average is $386.37. 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 $16.65 billion, a price-to-earnings ratio of 14.36, a P/E/G 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 (EPS) for the quarter, topping 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 firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the business posted $8.08 EPS. The firm's quarterly revenue was down 1.9% compared to the same quarter last year. On average, research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of analysts have recently issued reports on ULTA shares. DA Davidson cut their price target on shares of Ulta Beauty from $510.00 to $415.00 and set a "buy" rating for the company in a report on Friday, March 14th. BMO Capital Markets reduced their price objective on shares of Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a report on Friday, March 14th. Bank of America lowered their target price on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Morgan Stanley reduced their price target on shares of Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. Finally, UBS Group upped their price objective on shares of Ulta Beauty from $470.00 to $490.00 and gave the stock a "buy" rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $427.13.
Check Out Our Latest Stock Analysis on ULTA
Ulta Beauty Profile
(
Free Report)
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.
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