Newbridge Financial Services Group Inc. Has $44,000 Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Newbridge Financial Services Group Inc. lowered its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 91.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 101 shares of the specialty retailer's stock after selling 1,094 shares during the period. Newbridge Financial Services Group Inc.'s holdings in Ulta Beauty were worth $44,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Stephens Inc. AR lifted its holdings in Ulta Beauty by 12.2% during the 4th quarter. Stephens Inc. AR now owns 17,965 shares of the specialty retailer's stock worth $7,814,000 after buying an additional 1,951 shares during the last quarter. Golden State Wealth Management LLC bought a new position in Ulta Beauty during the 4th quarter worth approximately $233,000. Prairie Wealth Advisors Inc. bought a new position in Ulta Beauty during the 4th quarter worth approximately $207,000. Ameliora Wealth Management Ltd. bought a new position in Ulta Beauty during the 4th quarter worth approximately $43,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Ulta Beauty by 20.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,805 shares of the specialty retailer's stock worth $2,525,000 after buying an additional 988 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Ulta Beauty Stock Performance

Shares of ULTA stock traded up $4.70 during mid-day trading on Friday, hitting $365.14. 1,181,009 shares of the stock traded hands, compared to its average volume of 709,765. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The firm has a market cap of $16.93 billion, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 0.96 and a beta of 1.28. The company's 50-day simple moving average is $414.59 and its 200-day simple moving average is $386.16.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.45 by $0.69. The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company's quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $5.07 EPS. Analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ULTA shares. BMO Capital Markets raised their price target on Ulta Beauty from $385.00 to $420.00 and gave the stock a "market perform" rating in a report on Friday, December 6th. Piper Sandler raised their price target on Ulta Beauty from $390.00 to $394.00 and gave the stock a "neutral" rating in a report on Monday, January 6th. JPMorgan Chase & Co. raised their price target on Ulta Beauty from $472.00 to $480.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Oppenheimer raised their price target on Ulta Beauty from $505.00 to $515.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Finally, Barclays raised their price target on Ulta Beauty from $410.00 to $445.00 and gave the stock an "equal weight" rating in a report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Ulta Beauty has a consensus rating of "Hold" and a consensus target price of $459.22.

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.