Ulta Beauty, Inc. (NASDAQ:ULTA) Stake Lowered by Wambolt & Associates LLC

Wambolt & Associates LLC trimmed its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 18.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,647 shares of the specialty retailer’s stock after selling 365 shares during the period. Wambolt & Associates LLC’s holdings in Ulta Beauty were worth $716,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ULTA. Prestige Wealth Management Group LLC raised its position in Ulta Beauty by 121.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 34 shares in the last quarter. Sunbelt Securities Inc. grew its stake in Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 45 shares during the last quarter. Westside Investment Management Inc. increased its position in Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after buying an additional 50 shares during the period. Edge Capital Group LLC bought a new stake in shares of Ulta Beauty during the fourth quarter valued at approximately $33,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Ulta Beauty in the 3rd quarter valued at approximately $41,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA opened at $366.16 on Tuesday. The company’s 50 day simple moving average is $376.82 and its 200 day simple moving average is $386.57. The firm has a market capitalization of $16.98 billion, a P/E ratio of 14.65, a P/E/G ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $529.67.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.13 by $1.33. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the company earned $8.08 EPS. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. Sell-side analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ULTA shares. Stifel Nicolaus lowered their price target on Ulta Beauty from $475.00 to $400.00 and set a “hold” rating on the stock in a research report on Friday, March 14th. DA Davidson lowered their target price on shares of Ulta Beauty from $510.00 to $415.00 and set a “buy” rating on the stock in a report on Friday, March 14th. TD Cowen lifted their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Bank of America reduced their price target on shares of Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating for the company in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $427.13.

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.