Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by RMR Wealth Builders

RMR Wealth Builders reduced its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 74.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other large investors also recently added to or reduced their stakes in the company. Paladin Wealth LLC acquired a new stake in shares of Ulta Beauty in the third quarter worth about $32,000. Sunbelt Securities Inc. raised its position in shares of Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 45 shares during the period. Westside Investment Management Inc. boosted its holdings in shares of Ulta Beauty by 151.5% during 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 period. Future Financial Wealth Managment LLC acquired a new position in Ulta Beauty in the 4th quarter valued at $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Ulta Beauty in the third quarter valued at about $41,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

ULTA opened at $413.33 on Friday. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The firm has a market capitalization of $19.17 billion, a P/E ratio of 16.54, a PEG ratio of 1.00 and a beta of 1.28. The company’s 50-day moving average is $403.23 and its 200 day moving average is $384.42.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.45 by $0.69. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $5.07 earnings per share. On average, equities research analysts expect that Ulta Beauty, Inc. will post 23.93 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. DA Davidson boosted their price target on Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Oppenheimer boosted their target price on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Citigroup lifted their price target on shares of Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. UBS Group raised their price objective on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Raymond James reduced their price target on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.