Kestra Private Wealth Services LLC decreased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 13.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,263 shares of the specialty retailer's stock after selling 1,331 shares during the period. Kestra Private Wealth Services LLC's holdings in Ulta Beauty were worth $3,594,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the stock. Jensen Investment Management Inc. lifted its stake in Ulta Beauty by 17.9% in the third quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer's stock worth $4,409,000 after acquiring an additional 1,720 shares during the period. Versor Investments LP purchased a new position in shares of Ulta Beauty in the 3rd quarter valued at approximately $793,000. Stephens Inc. AR raised its position in shares of Ulta Beauty by 31.0% in the 3rd quarter. Stephens Inc. AR now owns 16,014 shares of the specialty retailer's stock valued at $6,231,000 after purchasing an additional 3,791 shares during the last quarter. Chase Investment Counsel Corp raised its position in shares of Ulta Beauty by 100.0% in the 3rd quarter. Chase Investment Counsel Corp now owns 4,000 shares of the specialty retailer's stock valued at $1,556,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Integrated Investment Consultants LLC acquired a new position in Ulta Beauty in the 3rd quarter worth approximately $4,480,000. 90.39% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several brokerages recently weighed in on ULTA. DA Davidson increased their price target on shares of Ulta Beauty from $435.00 to $510.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Citigroup lifted their price target on shares of Ulta Beauty from $450.00 to $457.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Oppenheimer lifted their price target on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. UBS Group raised their price objective on Ulta Beauty from $470.00 to $490.00 and gave the company a "buy" rating in a report on Friday, December 6th. Finally, Loop Capital lifted their price target on Ulta Beauty from $450.00 to $480.00 and gave the stock a "buy" rating in a report on Monday, December 9th. One research 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $459.22.
Check Out Our Latest Report on ULTA
Ulta Beauty Price Performance
Shares of Ulta Beauty stock traded up $4.70 on Friday, reaching $365.14. 1,181,009 shares of the company were exchanged, compared to its average volume of 865,380. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The company has a market cap of $16.93 billion, a P/E ratio of 14.61, a price-to-earnings-growth ratio of 0.96 and a beta of 1.28. The stock's 50 day moving average price is $415.86 and its 200-day moving average price is $386.17.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted 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 firm had revenue of $2.53 billion during 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 firm's revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.07 earnings per share. On average, research analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.
Ulta Beauty Company Profile
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Free Report)
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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