Avalon Trust Co Has $3.53 Million Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Avalon Trust Co lessened its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 77.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,120 shares of the specialty retailer’s stock after selling 28,210 shares during the quarter. Avalon Trust Co’s holdings in Ulta Beauty were worth $3,532,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ULTA. Sigma Planning Corp boosted its holdings in shares of Ulta Beauty by 49.2% during the third quarter. Sigma Planning Corp now owns 1,159 shares of the specialty retailer’s stock worth $451,000 after acquiring an additional 382 shares during the period. Apollon Wealth Management LLC boosted its holdings in shares of Ulta Beauty by 44.7% during the third quarter. Apollon Wealth Management LLC now owns 1,399 shares of the specialty retailer’s stock worth $544,000 after acquiring an additional 432 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Ulta Beauty by 1.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 111,909 shares of the specialty retailer’s stock worth $43,546,000 after acquiring an additional 1,687 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in shares of Ulta Beauty by 24.9% during the third quarter. Oppenheimer & Co. Inc. now owns 9,907 shares of the specialty retailer’s stock worth $3,855,000 after acquiring an additional 1,977 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Ulta Beauty by 305.3% during the third quarter. KBC Group NV now owns 29,726 shares of the specialty retailer’s stock worth $11,567,000 after acquiring an additional 22,392 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Oppenheimer boosted their price objective on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. B. Riley cut their price target on Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday. William Blair cut Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. Canaccord Genuity Group cut their price target on Ulta Beauty from $538.00 to $526.00 and set a “buy” rating for the company in a research note on Friday. Finally, Barclays cut their price target on Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $431.13.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $357.48 on Friday. The company has a market capitalization of $16.58 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 52-week low of $309.01 and a 52-week high of $544.36. The company has a fifty day moving average of $385.01 and a 200-day moving average of $386.80.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, beating analysts’ consensus estimates of $7.13 by $1.33. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $8.08 earnings per share. On average, equities analysts forecast that Ulta Beauty, Inc. will post 23.96 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.