Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,708 shares of the specialty retailer’s stock after selling 1,626 shares during the quarter. HighTower Advisors LLC owned 0.25% of Ulta Beauty worth $49,890,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ULTA. Sunbelt Securities Inc. grew its position in shares of Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 45 shares in the last quarter. Westside Investment Management Inc. grew its position in shares of Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 50 shares in the last quarter. Edge Capital Group LLC acquired a new position in shares of Ulta Beauty in the 4th quarter worth approximately $33,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Ulta Beauty in the 3rd quarter worth approximately $41,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Ulta Beauty in the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

ULTA opened at $314.47 on Friday. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $574.76. The stock’s fifty day moving average is $386.49 and its 200-day moving average is $386.82. The company has a market capitalization of $14.58 billion, a PE ratio of 12.58, a P/E/G ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping analysts’ consensus estimates of $7.13 by $1.33. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the previous year, the business earned $8.08 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, equities research analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ULTA has been the topic of several recent research reports. Piper Sandler raised their price target on Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. B. Riley raised Ulta Beauty from a “sell” rating to a “neutral” rating and raised their price target for the stock from $330.00 to $430.00 in a report on Tuesday, January 7th. TD Cowen raised their price target on Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. William Blair downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Finally, Oppenheimer raised their price target on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $459.22.

Ulta Beauty Company Profile

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.