Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC trimmed its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 99.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,313 shares of the specialty retailer's stock after selling 1,235,256 shares during the quarter. International Assets Investment Management LLC's holdings in Ulta Beauty were worth $1,422,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Paladin Wealth LLC bought a new position in Ulta Beauty during the third quarter valued at approximately $32,000. Sunbelt Securities Inc. boosted 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 valued at $32,000 after purchasing an additional 45 shares in the last quarter. Westside Investment Management Inc. grew its holdings in shares of Ulta Beauty by 151.5% during the 3rd 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 last quarter. Harvest Fund Management Co. Ltd purchased a new position in Ulta Beauty in the 3rd quarter worth $41,000. Finally, American National Bank & Trust bought a new stake in Ulta Beauty in the third quarter worth $44,000. 90.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ULTA has been the subject of a number of research analyst reports. Raymond James dropped their price target on Ulta Beauty from $450.00 to $440.00 and set an "outperform" rating for the company in a research note on Monday, October 14th. Stifel Nicolaus raised their price target on shares of Ulta Beauty from $455.00 to $475.00 and gave the company a "hold" rating in a report on Tuesday. StockNews.com upgraded shares of Ulta Beauty from a "sell" rating to a "hold" rating in a research report on Tuesday. DA Davidson increased their price objective on shares of Ulta Beauty from $435.00 to $510.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Finally, B. Riley upgraded shares of Ulta Beauty from a "sell" rating to a "neutral" rating and upped their target price for the stock from $330.00 to $430.00 in a research report on Tuesday. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $460.30.

Ulta Beauty Stock Performance

NASDAQ ULTA traded down $13.13 on Thursday, reaching $415.14. The stock had a trading volume of 776,901 shares, compared to its average volume of 906,652. The stock has a market cap of $19.25 billion, a P/E ratio of 16.61, a price-to-earnings-growth ratio of 2.38 and a beta of 1.28. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The business's 50-day moving average price is $401.20 and its 200 day moving average price is $383.86.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.45 by $0.69. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.07 earnings per share. On average, sell-side analysts predict that Ulta Beauty, Inc. will post 23.57 earnings per share 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.