LPL Financial LLC lowered its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 18.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,343 shares of the specialty retailer's stock after selling 14,431 shares during the quarter. LPL Financial LLC owned 0.14% of Ulta Beauty worth $27,550,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its stake in shares of Ulta Beauty by 28.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer's stock valued at $72,000 after purchasing an additional 37 shares during the period. Savant Capital LLC grew its stake in Ulta Beauty by 199.5% in the fourth quarter. Savant Capital LLC now owns 4,646 shares of the specialty retailer's stock worth $2,021,000 after purchasing an additional 3,095 shares in the last quarter. Sanctuary Advisors LLC increased its stake in shares of Ulta Beauty by 7.8% during the fourth quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer's stock valued at $1,663,000 after buying an additional 288 shares during the period. Buckhead Capital Management LLC increased its position in Ulta Beauty by 15.6% during the 4th quarter. Buckhead Capital Management LLC now owns 12,088 shares of the specialty retailer's stock valued at $5,257,000 after purchasing an additional 1,633 shares during the period. Finally, Brookstone Capital Management bought a new stake in shares of Ulta Beauty in the 4th quarter valued at about $348,000. Hedge funds and other institutional investors own 90.39% of the company's stock.
Ulta Beauty Stock Up 2.0 %
Ulta Beauty stock traded up $7.37 during mid-day trading on Tuesday, reaching $373.91. 926,702 shares of the company's stock were exchanged, compared to its average volume of 1,061,195. The company has a fifty day moving average of $372.90 and a 200-day moving average of $386.36. The company has a market cap of $17.34 billion, a P/E ratio of 14.96, a P/E/G ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $529.67.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping the consensus estimate of $7.13 by $1.33. The firm had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty's revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $8.08 EPS. Equities research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Ulta Beauty from $360.00 to $310.00 and set an "underweight" rating for the company in a research note on Friday, March 14th. TD Cowen upped their price objective on Ulta Beauty from $450.00 to $480.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. BMO Capital Markets cut their target price on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a research note on Friday, March 14th. Loop Capital increased their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Finally, Stifel Nicolaus reduced their price objective on shares of Ulta Beauty from $475.00 to $400.00 and set a "hold" rating for the company in a research note on Friday, March 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $427.61.
View Our Latest Stock Analysis on Ulta Beauty
About Ulta Beauty
(
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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