Perfromance Wealth Partners LLC Sells 125 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Perfromance Wealth Partners LLC lowered its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Paladin Wealth LLC bought a new stake in shares of Ulta Beauty in the 3rd quarter valued at about $32,000. Sunbelt Securities Inc. boosted its stake in 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 acquiring an additional 45 shares in the last quarter. Westside Investment Management Inc. grew its holdings in Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 50 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Ulta Beauty during the third quarter worth $41,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of Ulta Beauty during the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Up 4.2 %

Shares of NASDAQ ULTA opened at $422.16 on Wednesday. The company has a 50-day moving average of $404.52 and a 200 day moving average of $384.77. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The stock has a market cap of $19.58 billion, a PE ratio of 16.89, a P/E/G ratio of 0.97 and a beta of 1.28.

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

Analyst Ratings Changes

ULTA has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their target price on Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. TD Cowen upped their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Citigroup lifted their price objective on shares of Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Finally, DA Davidson upped their target price on Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Ulta Beauty has a consensus rating of “Hold” and an average price target of $459.22.

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.