RMR Wealth Builders lowered its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 74.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 939 shares of the specialty retailer's stock after selling 2,723 shares during the period. RMR Wealth Builders' holdings in Ulta Beauty were worth $408,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of ULTA. Susquehanna Fundamental Investments LLC bought a new stake in Ulta Beauty during the 2nd quarter valued at $19,136,000. Jensen Investment Management Inc. raised its stake in shares of Ulta Beauty by 17.9% during the 3rd quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer's stock valued at $4,409,000 after purchasing an additional 1,720 shares during the period. Distillate Capital Partners LLC purchased a new stake in shares of Ulta Beauty in the second quarter worth about $14,665,000. Versor Investments LP bought a new position in shares of Ulta Beauty in the third quarter valued at approximately $793,000. Finally, Stephens Inc. AR boosted its holdings in 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 period. Institutional investors own 90.39% of the company's stock.
Ulta Beauty Trading Down 2.0 %
Shares of ULTA stock traded down $8.32 during midday trading on Friday, reaching $405.01. 743,831 shares of the stock were exchanged, compared to its average volume of 800,481. The firm has a market cap of $18.78 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28. The company's 50 day moving average is $403.63 and its two-hundred day moving average is $384.62. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.45 by $0.69. The company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. Ulta Beauty's revenue was up 1.7% on a year-over-year basis. During the same period last year, the company posted $5.07 EPS. As a group, equities analysts expect that Ulta Beauty, Inc. will post 23.93 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts recently commented on ULTA shares. Oppenheimer boosted their target price on Ulta Beauty from $505.00 to $515.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. BMO Capital Markets boosted their price objective on Ulta Beauty from $385.00 to $420.00 and gave the stock a "market perform" rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Ulta Beauty from $426.00 to $424.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Raymond James lowered their price objective on shares of Ulta Beauty from $450.00 to $440.00 and set an "outperform" rating on the stock in a research report on Monday, October 14th. Finally, DA Davidson lifted their price objective 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. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Ulta Beauty has an average rating of "Hold" and an average price target of $460.30.
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About Ulta Beauty
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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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