DHJJ Financial Advisors Ltd. Sells 35 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

DHJJ Financial Advisors Ltd. lessened its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 344 shares of the specialty retailer’s stock after selling 35 shares during the quarter. DHJJ Financial Advisors Ltd.’s holdings in Ulta Beauty were worth $150,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its position in Ulta Beauty by 180,713.0% during the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after acquiring an additional 1,237,884 shares in the last quarter. Geode Capital Management LLC raised its position in Ulta Beauty by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock valued at $461,059,000 after acquiring an additional 10,153 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in Ulta Beauty during the third quarter valued at approximately $359,480,000. Champlain Investment Partners LLC raised its position in Ulta Beauty by 5.4% during the third quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock valued at $237,519,000 after acquiring an additional 31,540 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt raised its position in Ulta Beauty by 14.4% during the third quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock valued at $200,944,000 after acquiring an additional 65,000 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

ULTA has been the topic of several recent research reports. Wells Fargo & Company raised their price objective on shares of Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a research report on Tuesday, January 7th. B. Riley upgraded Ulta Beauty from a “sell” rating to a “neutral” rating and increased their price target for the company from $330.00 to $430.00 in a report on Tuesday, January 7th. William Blair downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Piper Sandler increased their price target on Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Finally, TD Cowen increased their price target on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $459.22.

Ulta Beauty Price Performance

Shares of ULTA stock opened at $360.44 on Friday. The stock has a market cap of $16.71 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 0.96 and a beta of 1.28. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The stock has a fifty day moving average price of $416.50 and a 200 day moving average price of $386.35.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. The company 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%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the business earned $5.07 earnings per share. Equities research analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current 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.