Wendell David Associates Inc. Has $898,000 Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Wendell David Associates Inc. cut its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 8.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,065 shares of the specialty retailer’s stock after selling 180 shares during the period. Wendell David Associates Inc.’s holdings in Ulta Beauty were worth $898,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ULTA. Pacer Advisors Inc. boosted its position in shares of Ulta Beauty by 1.1% during the 2nd quarter. Pacer Advisors Inc. now owns 4,421 shares of the specialty retailer’s stock worth $1,706,000 after acquiring an additional 49 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Ulta Beauty by 220.2% in the 2nd quarter. ProShare Advisors LLC now owns 19,726 shares of the specialty retailer’s stock valued at $7,612,000 after purchasing an additional 13,566 shares in the last quarter. 1832 Asset Management L.P. boosted its holdings in shares of Ulta Beauty by 92.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 10,510 shares of the specialty retailer’s stock valued at $4,055,000 after purchasing an additional 5,049 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Ulta Beauty by 14.2% during the 2nd quarter. Bank of Montreal Can now owns 131,798 shares of the specialty retailer’s stock worth $51,264,000 after buying an additional 16,338 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Ulta Beauty by 59.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 9,245 shares of the specialty retailer’s stock worth $3,567,000 after buying an additional 3,446 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ULTA has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their target price on Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Canaccord Genuity Group raised their target price on shares of Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Barclays upped their price target on shares of Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a report on Thursday, January 9th. William Blair lowered Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Finally, UBS Group lifted 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. One 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 MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Stock Down 0.9 %

Ulta Beauty stock opened at $418.44 on Thursday. The company has a market capitalization of $19.40 billion, a PE ratio of 16.74, a PEG ratio of 1.01 and a beta of 1.28. The firm’s fifty day moving average is $405.37 and its 200 day moving average is $385.00. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its 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. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $5.07 EPS. Sell-side analysts expect that Ulta Beauty, Inc. will post 23.93 EPS for the current fiscal year.

About Ulta Beauty

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.