Emerald Advisers LLC lessened its stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 17.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,772 shares of the specialty retailer’s stock after selling 606 shares during the quarter. Emerald Advisers LLC’s holdings in Ulta Beauty were worth $679,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in ULTA. Legacy Financial Advisors Inc. lifted its holdings in shares of Ulta Beauty by 1,270.0% during the 4th quarter. Legacy Financial Advisors Inc. now owns 137 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 127 shares during the last quarter. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Ulta Beauty during the 4th quarter valued at $53,000. Rational Advisors LLC lifted its holdings in shares of Ulta Beauty by 539.7% during the 3rd quarter. Rational Advisors LLC now owns 371 shares of the specialty retailer’s stock valued at $105,000 after purchasing an additional 313 shares during the last quarter. One Wealth Advisors LLC purchased a new stake in shares of Ulta Beauty during the 3rd quarter valued at $112,000. Finally, We Are One Seven LLC purchased a new stake in shares of Ulta Beauty during the 4th quarter valued at $126,000. 89.57% of the stock is currently owned by institutional investors and hedge funds.
ULTA has been the subject of several analyst reports. BidaskClub lowered Ulta Beauty from a “buy” rating to a “hold” rating in a report on Saturday, December 8th. Wells Fargo & Co decreased their price objective on Ulta Beauty from $328.00 to $280.00 and set an “outperform” rating for the company in a report on Wednesday, January 2nd. ValuEngine upgraded Ulta Beauty from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Morgan Stanley increased their price objective on Ulta Beauty from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, October 11th. Finally, Piper Jaffray Companies set a $286.00 price objective on Ulta Beauty and gave the company an “overweight” rating in a report on Monday, October 22nd. Six analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $288.84.
Shares of ULTA stock opened at $291.36 on Friday. The firm has a market capitalization of $17.31 billion, a P/E ratio of 35.71, a PEG ratio of 1.47 and a beta of 0.99. Ulta Beauty Inc has a 1 year low of $191.70 and a 1 year high of $322.49.
Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, December 6th. The specialty retailer reported $2.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.02. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.56 billion. Ulta Beauty had a return on equity of 33.75% and a net margin of 9.99%. The firm’s quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the business posted $1.69 EPS. As a group, analysts forecast that Ulta Beauty Inc will post 10.82 earnings per share for the current fiscal year.
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Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.
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