Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Bender Robert & Associates

Bender Robert & Associates lowered its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 13.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,365 shares of the specialty retailer's stock after selling 3,216 shares during the quarter. Ulta Beauty accounts for 2.2% of Bender Robert & Associates' investment portfolio, making the stock its 15th largest holding. Bender Robert & Associates' holdings in Ulta Beauty were worth $9,292,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ULTA. Sunbelt Securities Inc. boosted its stake in shares of Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 45 shares during the last quarter. Westside Investment Management Inc. raised its stake in shares of Ulta Beauty by 151.5% during 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 in the fourth quarter valued at $33,000. Harvest Fund Management Co. Ltd acquired a new stake in Ulta Beauty in the third quarter valued at $41,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Ulta Beauty during the fourth quarter worth $43,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ULTA shares. UBS Group increased their target price on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Barclays raised their target price on Ulta Beauty from $410.00 to $445.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 9th. Oppenheimer lifted their price objective on Ulta Beauty from $505.00 to $515.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. William Blair cut Ulta Beauty from an "outperform" rating to a "market perform" rating in a report on Thursday, November 21st. Finally, Citigroup upped their price objective on Ulta Beauty from $450.00 to $457.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $459.22.

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Ulta Beauty Stock Performance

Shares of NASDAQ ULTA opened at $342.72 on Wednesday. The stock has a fifty day moving average price of $390.90 and a two-hundred day moving average price of $387.73. The firm has a market cap of $15.89 billion, a P/E ratio of 13.71, a PEG ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76.

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.

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