Perfromance Wealth Partners LLC Cuts Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Perfromance Wealth Partners LLC trimmed its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.7% during the fourth quarter, Holdings Channel reports. The firm owned 3,225 shares of the specialty retailer’s stock after selling 125 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in Ulta Beauty were worth $1,403,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Ulta Beauty during the second quarter worth $19,136,000. Jensen Investment Management Inc. increased its holdings in Ulta Beauty by 17.9% during the 3rd quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock worth $4,409,000 after purchasing an additional 1,720 shares during the period. Distillate Capital Partners LLC purchased a new stake in Ulta Beauty during the 2nd quarter worth about $14,665,000. Versor Investments LP acquired a new stake in Ulta Beauty in the 3rd quarter valued at about $793,000. Finally, Stephens Inc. AR boosted its stake in shares of Ulta Beauty by 31.0% in the 3rd quarter. Stephens Inc. AR now owns 16,014 shares of the specialty retailer’s stock valued at $6,231,000 after buying an additional 3,791 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ULTA. Barclays raised their target price on shares of Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a report on Thursday, January 9th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Telsey Advisory Group restated an “outperform” rating and issued a $500.00 price target on shares of Ulta Beauty in a research note on Tuesday, January 7th. Bank of America upped their price objective on Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company boosted their target price on Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $459.22.

Ulta Beauty Stock Up 4.2 %

NASDAQ ULTA opened at $422.16 on Wednesday. The stock has a market capitalization of $19.58 billion, a P/E ratio of 16.89, a P/E/G ratio of 0.97 and a beta of 1.28. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The firm has a 50-day moving average price of $404.52 and a 200 day moving average price of $384.77.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the firm earned $5.07 EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts expect that Ulta Beauty, Inc. will post 23.93 earnings per share for the current fiscal year.

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.