Anchor Capital Advisors LLC Cuts Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Anchor Capital Advisors LLC reduced its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 98.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,271 shares of the specialty retailer’s stock after selling 110,328 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Ulta Beauty were worth $988,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sunbelt Securities Inc. boosted its position in shares of Ulta Beauty by 118.4% during 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. boosted its position in shares of Ulta Beauty by 151.5% during 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 during the 4th quarter worth about $33,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Ulta Beauty during the 3rd quarter worth about $41,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Ulta Beauty during the 4th quarter worth about $43,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ULTA. Barclays upped their price objective on Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 9th. JPMorgan Chase & Co. upped their price objective on Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. B. Riley raised Ulta Beauty from a “sell” rating to a “neutral” rating and upped their target price for the company from $330.00 to $430.00 in a research report on Tuesday, January 7th. Piper Sandler upped their target price on Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a research report on Monday, January 6th. Finally, DA Davidson upped their target price on Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, December 6th. 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’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Trading Up 0.2 %

Shares of ULTA stock opened at $366.36 on Friday. The company has a market cap of $16.99 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 0.89 and a beta of 1.28. The stock has a 50 day simple moving average of $403.04 and a 200-day simple moving average of $388.12. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $5.07 EPS. On average, equities 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.