Hartford Investment Management Co. Sells 88 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Hartford Investment Management Co. decreased its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,912 shares of the specialty retailer’s stock after selling 88 shares during the quarter. Hartford Investment Management Co.’s holdings in Ulta Beauty were worth $1,267,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Creative Planning grew its holdings in Ulta Beauty by 83.7% during the third quarter. Creative Planning now owns 14,774 shares of the specialty retailer’s stock worth $5,749,000 after purchasing an additional 6,730 shares during the period. nVerses Capital LLC bought a new position in shares of Ulta Beauty during the 3rd quarter worth approximately $311,000. Vista Investment Partners LLC increased its holdings in shares of Ulta Beauty by 1.7% during the 3rd quarter. Vista Investment Partners LLC now owns 6,639 shares of the specialty retailer’s stock worth $2,583,000 after acquiring an additional 110 shares during the last quarter. AlphaMark Advisors LLC raised its stake in Ulta Beauty by 24.5% in the 3rd quarter. AlphaMark Advisors LLC now owns 1,596 shares of the specialty retailer’s stock valued at $621,000 after acquiring an additional 314 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Ulta Beauty by 0.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,817 shares of the specialty retailer’s stock worth $1,874,000 after purchasing an additional 43 shares during the period. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $365.14 on Friday. The company’s 50 day moving average price is $415.86 and its two-hundred day moving average price is $386.17. The firm has a market capitalization of $16.93 billion, a P/E ratio of 14.61, a P/E/G ratio of 0.96 and a beta of 1.28. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.07 EPS. On average, analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $430.00 to $500.00 in a research note on Tuesday, January 21st. B. Riley upgraded Ulta Beauty from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $330.00 to $430.00 in a report on Tuesday, January 7th. Piper Sandler increased their target price on Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. Citigroup boosted their price target on Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus increased their price objective on Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Ulta Beauty presently has an average rating of “Hold” and a consensus target price of $459.22.

About Ulta Beauty

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.