Griffin Asset Management Inc. Sells 134 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Griffin Asset Management Inc. cut its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,230 shares of the specialty retailer’s stock after selling 134 shares during the quarter. Griffin Asset Management Inc.’s holdings in Ulta Beauty were worth $4,884,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ULTA. MBB Public Markets I LLC bought a new position in Ulta Beauty during the second quarter worth about $1,387,000. Mackenzie Financial Corp raised its stake in Ulta Beauty by 12.8% in the 2nd quarter. Mackenzie Financial Corp now owns 12,501 shares of the specialty retailer’s stock valued at $4,824,000 after acquiring an additional 1,416 shares during the period. Kathmere Capital Management LLC bought a new position in Ulta Beauty in the 2nd quarter valued at about $212,000. Regal Investment Advisors LLC boosted its stake in Ulta Beauty by 197.6% in the 2nd quarter. Regal Investment Advisors LLC now owns 6,500 shares of the specialty retailer’s stock valued at $2,508,000 after purchasing an additional 4,316 shares during the period. Finally, Chase Investment Counsel Corp raised its stake in Ulta Beauty by 11.1% in the 2nd quarter. Chase Investment Counsel Corp now owns 2,000 shares of the specialty retailer’s stock worth $771,000 after purchasing an additional 200 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Stock Down 0.7 %

Shares of ULTA opened at $415.00 on Tuesday. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The business has a 50-day simple moving average of $407.85 and a two-hundred day simple moving average of $385.47. The stock has a market cap of $19.24 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 1.00 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results 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. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the firm posted $5.07 EPS. Ulta Beauty’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. UBS Group boosted their price target on Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Barclays upped their price objective on shares of Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a research note on Thursday, January 9th. BMO Capital Markets lifted their price target on shares of Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. TD Cowen boosted their target price on Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Finally, Canaccord Genuity Group upped their price target on Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $459.22.

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.