Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Trust Investment Advisors

Trust Investment Advisors lessened its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,550 shares of the specialty retailer’s stock after selling 28 shares during the quarter. Trust Investment Advisors’ holdings in Ulta Beauty were worth $674,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Prestige Wealth Management Group LLC boosted its stake in shares of Ulta Beauty by 121.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 34 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 45 shares in the last quarter. Westside Investment Management Inc. boosted its stake 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 purchasing an additional 50 shares during the last quarter. Edge Capital Group LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter worth about $33,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Ulta Beauty in the third quarter valued at approximately $41,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of NASDAQ ULTA opened at $370.75 on Wednesday. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $529.67. The firm has a market cap of $17.19 billion, a P/E ratio of 14.84, a PEG ratio of 0.89 and a beta of 1.34. The stock has a fifty day moving average price of $376.15 and a two-hundred day moving average price of $386.59.

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on ULTA. Morgan Stanley cut their price target on Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating for the company in a report on Friday, March 14th. DA Davidson reduced their target price on Ulta Beauty from $510.00 to $415.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. UBS Group raised their price target on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Ulta Beauty in a research note on Monday, March 10th. Finally, TD Cowen raised their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $427.13.

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.