Investment House LLC Sells 1,312 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Investment House LLC decreased its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 40.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,930 shares of the specialty retailer’s stock after selling 1,312 shares during the period. Investment House LLC’s holdings in Ulta Beauty were worth $839,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in Ulta Beauty by 28.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 37 shares during the period. Integrated Investment Consultants LLC purchased a new position in shares of Ulta Beauty in the third quarter worth $4,480,000. Thrivent Financial for Lutherans raised its holdings in Ulta Beauty by 382.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 10,698 shares of the specialty retailer’s stock valued at $4,163,000 after buying an additional 8,481 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Ulta Beauty by 11.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 17,531 shares of the specialty retailer’s stock valued at $6,822,000 after buying an additional 1,768 shares during the period. Finally, Blueshift Asset Management LLC grew its holdings in Ulta Beauty by 1,052.6% in the 3rd quarter. Blueshift Asset Management LLC now owns 8,218 shares of the specialty retailer’s stock worth $3,198,000 after acquiring an additional 7,505 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ULTA. Stifel Nicolaus dropped their target price on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating for the company in a report on Friday, March 14th. Morgan Stanley dropped their price objective on Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating for the company in a report on Friday, March 14th. Oppenheimer boosted their target price on Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Wells Fargo & Company dropped their price target on Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating for the company in a research note on Friday, March 14th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating on the stock in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Ulta Beauty has a consensus rating of “Hold” and an average price target of $427.13.

Ulta Beauty Trading Down 0.0 %

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

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