Archer Investment Corp Has $87,000 Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Archer Investment Corp reduced its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 83.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200 shares of the specialty retailer’s stock after selling 980 shares during the period. Archer Investment Corp’s holdings in Ulta Beauty were worth $87,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Paladin Wealth LLC acquired a new position in Ulta Beauty in the 3rd quarter valued at approximately $32,000. Sunbelt Securities Inc. increased its position in Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 45 shares during the last quarter. Westside Investment Management Inc. raised 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 in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Ulta Beauty during the 3rd quarter valued at about $41,000. Finally, Future Financial Wealth Managment LLC acquired a new position in Ulta Beauty in the fourth quarter worth approximately $43,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Trading Down 2.2 %

Shares of NASDAQ ULTA opened at $401.60 on Friday. 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 is $417.52 and its 200-day moving average is $386.23. The firm has a market capitalization of $18.62 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 0.98 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last issued its 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 net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the company posted $5.07 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ULTA shares. Morgan Stanley upgraded shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $430.00 to $500.00 in a report on Tuesday, January 21st. DA Davidson boosted their target price on Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, December 6th. William Blair downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Wells Fargo & Company upped their target price on shares of Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a research note on Tuesday, January 7th. Finally, Citigroup raised their price objective on Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $459.22.

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.