Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by RMR Wealth Builders

RMR Wealth Builders trimmed its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 74.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 939 shares of the specialty retailer's stock after selling 2,723 shares during the quarter. RMR Wealth Builders' holdings in Ulta Beauty were worth $408,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. HBW Advisory Services LLC increased its stake in shares of Ulta Beauty by 11.3% during the fourth quarter. HBW Advisory Services LLC now owns 6,478 shares of the specialty retailer's stock valued at $2,817,000 after buying an additional 658 shares during the period. ORG Partners LLC bought a new stake in shares of Ulta Beauty in the 4th quarter valued at about $57,000. Douglas Lane & Associates LLC lifted its position in shares of Ulta Beauty by 5.4% in the 4th quarter. Douglas Lane & Associates LLC now owns 2,109 shares of the specialty retailer's stock worth $917,000 after purchasing an additional 108 shares during the period. Nordea Investment Management AB boosted its stake in shares of Ulta Beauty by 14.0% during the fourth quarter. Nordea Investment Management AB now owns 32,031 shares of the specialty retailer's stock valued at $14,015,000 after purchasing an additional 3,935 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Ulta Beauty by 170.4% in the fourth quarter. GAMMA Investing LLC now owns 1,141 shares of the specialty retailer's stock worth $496,000 after buying an additional 719 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. B. Riley upgraded Ulta Beauty from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $330.00 to $430.00 in a research note on Tuesday. Telsey Advisory Group reaffirmed an "outperform" rating and set a $500.00 price target on shares of Ulta Beauty in a research report on Tuesday. 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. Barclays upped their price objective on shares of Ulta Beauty from $410.00 to $445.00 and gave the company an "equal weight" rating in a report on Thursday. Finally, StockNews.com upgraded shares of Ulta Beauty from a "sell" rating to a "hold" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $460.30.

Ulta Beauty Stock Up 0.7 %

Shares of NASDAQ:ULTA traded up $3.09 during trading on Friday, reaching $418.23. 941,134 shares of the company's stock traded hands, compared to its average volume of 912,436. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The company has a 50-day simple moving average of $402.01 and a 200-day simple moving average of $384.03. The firm has a market cap of $19.39 billion, a PE ratio of 16.74, a P/E/G ratio of 2.38 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating analysts' consensus estimates of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the previous year, the business earned $5.07 earnings per share. The business's revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts forecast that Ulta Beauty, Inc. will post 23.57 EPS for the current year.

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.