Commonwealth Equity Services LLC Has $9.27 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Commonwealth Equity Services LLC decreased its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,302 shares of the specialty retailer’s stock after selling 1,084 shares during the period. Commonwealth Equity Services LLC’s holdings in Ulta Beauty were worth $9,265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ULTA. Tredje AP fonden increased its position in shares of Ulta Beauty by 29.6% during the fourth quarter. Tredje AP fonden now owns 37,040 shares of the specialty retailer’s stock worth $16,110,000 after buying an additional 8,460 shares during the period. Truvestments Capital LLC grew its holdings in Ulta Beauty by 32.4% during the 4th quarter. Truvestments Capital LLC now owns 1,882 shares of the specialty retailer’s stock worth $819,000 after acquiring an additional 461 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Ulta Beauty by 32.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 601 shares of the specialty retailer’s stock worth $261,000 after acquiring an additional 147 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Ulta Beauty by 10.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 4,433 shares of the specialty retailer’s stock worth $1,928,000 after acquiring an additional 414 shares in the last quarter. Finally, Wealth High Governance Capital Ltda acquired a new position in shares of Ulta Beauty in the 4th quarter valued at about $6,741,000. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Stock Down 0.0 %

ULTA stock opened at $343.72 on Thursday. The firm has a market cap of $15.94 billion, a PE ratio of 13.75, a P/E/G ratio of 0.89 and a beta of 1.34. The business has a 50 day moving average of $380.41 and a 200-day moving average of $386.50. Ulta Beauty, Inc. has a 12-month low of $309.01 and a 12-month high of $532.70.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.13 by $1.33. The firm 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%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.08 EPS. On average, research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. lowered their price objective on shares of Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. William Blair lowered shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. Canaccord Genuity Group decreased their price target on shares of Ulta Beauty from $538.00 to $526.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Finally, Bank of America cut their price objective on shares of Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. One investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $427.13.

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.