Citizens Financial Group Inc. RI Cuts Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Citizens Financial Group Inc. RI trimmed its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 12.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,114 shares of the specialty retailer’s stock after selling 297 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Ulta Beauty were worth $919,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. increased its stake in Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 45 shares during the last quarter. Westside Investment Management Inc. increased its stake in Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 50 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in Ulta Beauty in the fourth quarter valued at approximately $43,000. Ameliora Wealth Management Ltd. purchased a new position in Ulta Beauty in the fourth quarter valued at approximately $43,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Ulta Beauty in the third quarter valued at approximately $41,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $329.23 on Thursday. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The business has a fifty day moving average of $388.78 and a two-hundred day moving average of $387.32. The company has a market cap of $15.27 billion, a P/E ratio of 13.17, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

Wall Street Analyst Weigh In

Several equities analysts have commented on ULTA shares. BMO Capital Markets increased their price target on shares of Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. UBS Group increased their price target on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, December 6th. TD Cowen increased their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Morgan Stanley raised Ulta Beauty from an “equal weight” rating to an “overweight” rating in a report on Wednesday, February 19th. Finally, Piper Sandler increased their price objective on Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $459.22.

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.