Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Isthmus Partners LLC

Isthmus Partners LLC lessened its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 29,794 shares of the specialty retailer’s stock after selling 189 shares during the period. Ulta Beauty comprises approximately 1.6% of Isthmus Partners LLC’s portfolio, making the stock its 23rd largest position. Isthmus Partners LLC owned 0.06% of Ulta Beauty worth $12,958,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Investment Partners LLC grew its stake in shares of Ulta Beauty by 3.9% in the fourth quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock valued at $289,000 after buying an additional 25 shares in the last quarter. Farther Finance Advisors LLC grew its position in Ulta Beauty by 4.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock valued at $244,000 after acquiring an additional 28 shares in the last quarter. Stonegate Investment Group LLC grew its holdings in shares of Ulta Beauty by 0.5% in the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock valued at $2,881,000 after purchasing an additional 34 shares in the last quarter. Resonant Capital Advisors LLC grew its holdings in shares of Ulta Beauty by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock valued at $685,000 after purchasing an additional 34 shares in the last quarter. Finally, Clear Creek Financial Management LLC increased its stake in Ulta Beauty by 4.4% during the 4th quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock worth $362,000 after buying an additional 35 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ULTA has been the subject of several research reports. UBS Group boosted their price target on shares of Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Barclays upped their target price on shares of Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 9th. JPMorgan Chase & Co. lifted their price target on shares of Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Citigroup increased their price objective on shares of Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Ulta Beauty currently has a consensus rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $355.43 on Monday. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The stock has a market capitalization of $16.48 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 0.89 and a beta of 1.34. The company has a 50-day simple moving average of $394.36 and a 200-day simple moving average of $388.12.

Ulta Beauty (NASDAQ:ULTA) last announced its 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 the consensus estimate of $2.50 billion. During the same period last year, the business posted $5.07 EPS. The company’s revenue was up 1.7% on a year-over-year basis. As a group, research analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Ulta Beauty 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.