Wambolt & Associates LLC Has $716,000 Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Wambolt & Associates LLC cut its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 18.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,647 shares of the specialty retailer’s stock after selling 365 shares during the quarter. Wambolt & Associates LLC’s holdings in Ulta Beauty were worth $716,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ULTA. Prestige Wealth Management Group LLC lifted its stake in Ulta Beauty by 121.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 34 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in shares of Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 45 shares during the period. Westside Investment Management Inc. lifted its position in Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 50 shares in the last quarter. Edge Capital Group LLC acquired a new position in Ulta Beauty in the 4th quarter worth $33,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Ulta Beauty in the 3rd quarter worth $41,000. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ULTA. Canaccord Genuity Group cut their price target on Ulta Beauty from $538.00 to $526.00 and set a “buy” rating on the stock in a report on Friday, March 14th. DA Davidson cut their target price on Ulta Beauty from $510.00 to $415.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. TD Cowen raised their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Oppenheimer lifted their price objective on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating for the company in a report on Friday, March 14th. 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $427.13.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $366.16 on Tuesday. The business has a fifty day simple moving average of $376.82 and a two-hundred day simple moving average of $386.57. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $529.67. The company has a market capitalization of $16.98 billion, a price-to-earnings ratio of 14.65, a P/E/G ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter last year, the company posted $8.08 EPS. Ulta Beauty’s quarterly revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

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.