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

Tradewinds LLC. decreased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 70.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,006 shares of the specialty retailer’s stock after selling 2,363 shares during the quarter. Tradewinds LLC.’s holdings in Ulta Beauty were worth $438,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Prestige Wealth Management Group LLC boosted its position in shares of Ulta Beauty by 121.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 34 shares during the period. Sunbelt Securities Inc. grew its stake in shares of Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 45 shares in the last quarter. Westside Investment Management Inc. raised its holdings 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 valued at $32,000 after buying an additional 50 shares during the period. Future Financial Wealth Managment LLC acquired a new position in Ulta Beauty during the 4th quarter worth about $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in Ulta Beauty in the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Up 2.0 %

Shares of NASDAQ ULTA opened at $373.91 on Wednesday. The business has a 50-day moving average price of $371.93 and a 200 day moving average price of $386.33. The stock has a market cap of $17.34 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 52-week low of $309.01 and a 52-week high of $528.80.

Ulta Beauty (NASDAQ:ULTA) last announced 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 business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the firm posted $8.08 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. Sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on ULTA. Citigroup reduced their price target on shares of Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Stifel Nicolaus dropped their price target on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating for the company in a research note on Friday, March 14th. BMO Capital Markets reduced their price objective on Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating on the stock in a research note on Friday, March 14th. Loop Capital boosted their target price on Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Oppenheimer upped 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 research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Ulta Beauty has a consensus rating of “Hold” and a consensus price target of $427.61.

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.