Berkshire Hathaway Inc Has $9.42 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Berkshire Hathaway Inc cut its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 96.5% during the 3rd quarter, Holdings Channel reports. The firm owned 24,203 shares of the specialty retailer’s stock after selling 665,903 shares during the quarter. Berkshire Hathaway Inc’s holdings in Ulta Beauty were worth $9,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Cetera Investment Advisers grew its stake in Ulta Beauty by 34.3% in the 1st quarter. Cetera Investment Advisers now owns 13,471 shares of the specialty retailer’s stock valued at $7,044,000 after buying an additional 3,443 shares during the last quarter. Cetera Advisors LLC increased its position in Ulta Beauty by 201.3% during the 1st quarter. Cetera Advisors LLC now owns 4,134 shares of the specialty retailer’s stock worth $2,162,000 after buying an additional 2,762 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Ulta Beauty by 38.4% during the second quarter. GAMMA Investing LLC now owns 335 shares of the specialty retailer’s stock worth $129,000 after buying an additional 93 shares in the last quarter. DNB Asset Management AS boosted its position in shares of Ulta Beauty by 4.1% in the second quarter. DNB Asset Management AS now owns 8,431 shares of the specialty retailer’s stock valued at $3,253,000 after acquiring an additional 332 shares during the period. Finally, Douglas Lane & Associates LLC boosted its position in shares of Ulta Beauty by 4.3% in the second quarter. Douglas Lane & Associates LLC now owns 2,238 shares of the specialty retailer’s stock valued at $864,000 after acquiring an additional 92 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Trading Up 3.0 %

Shares of NASDAQ ULTA opened at $386.64 on Monday. The firm has a market capitalization of $18.22 billion, a P/E ratio of 15.52, a P/E/G ratio of 2.22 and a beta of 1.33. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The firm’s 50-day moving average price is $374.12 and its 200-day moving average price is $376.18.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same period in the previous year, the business posted $6.02 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts forecast that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Piper Sandler boosted their price objective on shares of Ulta Beauty from $356.00 to $357.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. The Goldman Sachs Group cut their target price on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Stifel Nicolaus raised their price target on Ulta Beauty from $385.00 to $395.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. BMO Capital Markets set a $385.00 price objective on shares of Ulta Beauty in a research note on Thursday, October 17th. Finally, StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Saturday, September 28th. Two investment analysts have 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 data from MarketBeat, the company has an average rating of “Hold” and an average target price of $422.58.

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.