Wealth Alliance Decreases Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Wealth Alliance lessened its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 25.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 513 shares of the specialty retailer’s stock after selling 172 shares during the quarter. Wealth Alliance’s holdings in Ulta Beauty were worth $223,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Ontario Teachers Pension Plan Board acquired a new stake in Ulta Beauty during the third quarter worth approximately $359,480,000. Holocene Advisors LP grew its position 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 valued at $134,737,000 after buying an additional 335,914 shares during the last quarter. Atreides Management LP purchased a new position in shares of Ulta Beauty in the 3rd quarter valued at $73,069,000. Assenagon Asset Management S.A. raised its stake in Ulta Beauty by 258.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock worth $54,884,000 after acquiring an additional 90,972 shares in the last quarter. Finally, Swedbank AB lifted its position in Ulta Beauty by 33.9% in the third quarter. Swedbank AB now owns 321,605 shares of the specialty retailer’s stock valued at $125,143,000 after acquiring an additional 81,414 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Down 1.4 %

Shares of ULTA stock opened at $361.54 on Friday. The stock has a 50 day simple moving average of $408.88 and a 200-day simple moving average of $386.66. The company has a market cap of $16.77 billion, a price-to-earnings ratio of 14.47, a price-to-earnings-growth ratio of 0.89 and a beta of 1.28. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $0.69. The firm had revenue of $2.53 billion during 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%. Ulta Beauty’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.07 earnings per share. On average, equities analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on ULTA. Telsey Advisory Group reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Ulta Beauty in a report on Tuesday, January 7th. DA Davidson raised their price target on Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. TD Cowen boosted their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. B. Riley upgraded shares of Ulta Beauty from a “sell” rating to a “neutral” rating and raised their target price for the stock from $330.00 to $430.00 in a research report on Tuesday, January 7th. Finally, UBS Group lifted their target price on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a report on Friday, December 6th. One equities research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.