RMR Wealth Builders Sells 2,723 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

RMR Wealth Builders reduced its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 74.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ULTA. International Assets Investment Management LLC increased its holdings in Ulta Beauty by 180,713.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after acquiring an additional 1,237,884 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new stake in shares of Ulta Beauty in the 3rd quarter worth about $359,480,000. Holocene Advisors LP increased its holdings in shares of Ulta Beauty by 3,246.2% in the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock worth $134,737,000 after buying an additional 335,914 shares during the last quarter. Atreides Management LP bought a new stake in shares of Ulta Beauty in the 3rd quarter worth about $73,069,000. Finally, Hsbc Holdings PLC increased its holdings in shares of Ulta Beauty by 87.3% in the 2nd quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer’s stock worth $130,380,000 after buying an additional 157,497 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $418.23 on Friday. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The firm has a market cap of $19.39 billion, a P/E ratio of 16.74, a P/E/G ratio of 2.38 and a beta of 1.28. The firm has a 50-day simple moving average of $402.01 and a 200-day simple moving average of $384.05.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the business posted $5.07 EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, research analysts predict that Ulta Beauty, Inc. will post 23.57 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ULTA shares. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday. Telsey Advisory Group restated an “outperform” rating and issued a $500.00 target price on shares of Ulta Beauty in a report on Tuesday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Piper Sandler boosted their target price on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Finally, Stifel Nicolaus lifted their price target on shares of Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Ulta Beauty has a consensus rating of “Hold” and an average target price of $460.30.

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.