Archer Investment Corp Sells 980 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Archer Investment Corp reduced its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 83.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 200 shares of the specialty retailer’s stock after selling 980 shares during the quarter. Archer Investment Corp’s holdings in Ulta Beauty were worth $87,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new stake in shares of Ulta Beauty during the 2nd quarter worth approximately $1,500,000. Czech National Bank increased its holdings in Ulta Beauty by 6.4% during the third quarter. Czech National Bank now owns 9,720 shares of the specialty retailer’s stock worth $3,782,000 after buying an additional 585 shares during the last quarter. GAMMA Investing LLC lifted its stake in Ulta Beauty by 26.0% in the third quarter. GAMMA Investing LLC now owns 422 shares of the specialty retailer’s stock valued at $164,000 after acquiring an additional 87 shares during the last quarter. Boston Common Asset Management LLC bought a new position in shares of Ulta Beauty in the 3rd quarter valued at about $5,157,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Ulta Beauty by 348.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 386 shares of the specialty retailer’s stock worth $150,000 after purchasing an additional 300 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Trading Down 2.2 %

ULTA opened at $401.60 on Friday. The company has a market cap of $18.62 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 0.98 and a beta of 1.28. The company has a fifty day moving average price of $417.52 and a two-hundred day moving average price of $386.23. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $5.07 EPS. On average, research analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on ULTA. B. Riley raised Ulta Beauty from a “sell” rating to a “neutral” rating and raised their price target for the company from $330.00 to $430.00 in a report on Tuesday, January 7th. Morgan Stanley raised shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $430.00 to $500.00 in a report on Tuesday, January 21st. Loop Capital increased their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a report on Monday, December 9th. Oppenheimer increased their target price on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, UBS Group boosted their price target on Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty 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.