Warther Private Wealth LLC decreased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 79.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,173 shares of the specialty retailer's stock after selling 23,619 shares during the quarter. Ulta Beauty accounts for approximately 0.9% of Warther Private Wealth LLC's portfolio, making the stock its 22nd largest position. Warther Private Wealth LLC's holdings in Ulta Beauty were worth $2,685,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of ULTA. Paladin Wealth LLC bought a new stake in Ulta Beauty in the 3rd quarter worth approximately $32,000. Sunbelt Securities Inc. lifted its position in Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after buying an additional 45 shares during the last quarter. Westside Investment Management Inc. lifted its position in Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after buying an additional 50 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Ulta Beauty in the 3rd quarter worth approximately $41,000. Finally, Future Financial Wealth Managment LLC bought a new stake in Ulta Beauty in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 90.39% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on ULTA. Barclays boosted 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. Piper Sandler boosted their target price on Ulta Beauty from $390.00 to $394.00 and gave the stock a "neutral" rating in a research report on Monday, January 6th. Stifel Nicolaus boosted their price objective on Ulta Beauty from $455.00 to $475.00 and gave the company a "hold" rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. boosted their price objective on Ulta Beauty from $472.00 to $480.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. Finally, Morgan Stanley upgraded Ulta Beauty from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $430.00 to $500.00 in a research report on Tuesday, January 21st. 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's stock. According to data from MarketBeat, Ulta Beauty presently has a consensus rating of "Hold" and a consensus target price of $459.22.
View Our Latest Research Report on Ulta Beauty
Ulta Beauty Price Performance
ULTA stock traded up $4.70 during midday trading on Friday, hitting $365.14. The stock had a trading volume of 1,181,009 shares, compared to its average volume of 709,765. The firm has a market cap of $16.93 billion, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 0.96 and a beta of 1.28. The business has a 50-day moving average of $414.59 and a two-hundred day moving average of $386.16. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week 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 for the quarter, topping the consensus estimate of $4.45 by $0.69. The company had revenue of $2.53 billion for 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 for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $5.07 earnings per share. Research analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.
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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