Avantax Advisory Services Inc. Trims Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Avantax Advisory Services Inc. decreased its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 32.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,549 shares of the specialty retailer's stock after selling 744 shares during the period. Avantax Advisory Services Inc.'s holdings in Ulta Beauty were worth $674,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Cornerstone Investment Partners LLC raised its position in Ulta Beauty by 3.9% during the fourth quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer's stock worth $289,000 after acquiring an additional 25 shares during the period. Stonegate Investment Group LLC raised its position in shares of Ulta Beauty by 0.5% during the 4th quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer's stock worth $2,881,000 after purchasing an additional 34 shares during the last quarter. Resonant Capital Advisors LLC raised its position in shares of Ulta Beauty by 2.2% during the 4th quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer's stock worth $685,000 after purchasing an additional 34 shares during the last quarter. Clear Creek Financial Management LLC lifted its stake in Ulta Beauty by 4.4% in the 4th quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer's stock valued at $362,000 after buying an additional 35 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. boosted its holdings in Ulta Beauty by 4.2% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 861 shares of the specialty retailer's stock worth $374,000 after buying an additional 35 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

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Wall Street Analyst Weigh In

ULTA has been the subject of a number of recent research reports. DA Davidson reduced their target price on shares of Ulta Beauty from $510.00 to $415.00 and set a "buy" rating for the company in a research report on Friday, March 14th. UBS Group boosted their target price on Ulta Beauty from $470.00 to $490.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Citigroup cut their price target on Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Loop Capital boosted their price objective on Ulta Beauty from $450.00 to $480.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Finally, 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. One equities 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 stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $427.13.

Ulta Beauty Stock Up 1.3 %

ULTA traded up $4.59 on Tuesday, reaching $370.75. The company's stock had a trading volume of 1,121,349 shares, compared to its average volume of 1,044,802. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $529.67. The stock has a 50 day moving average of $376.82 and a two-hundred day moving average of $386.57. The company has a market capitalization of $17.19 billion, a price-to-earnings ratio of 14.84, a P/E/G ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same quarter in the prior year, the business posted $8.08 EPS. The company's revenue for the quarter was down 1.9% on a year-over-year basis. As a group, analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal 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.