Mayflower Financial Advisors LLC Sells 72 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Mayflower Financial Advisors LLC lowered its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 668 shares of the specialty retailer’s stock after selling 72 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Ulta Beauty were worth $291,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Bensler LLC increased its position in shares of Ulta Beauty by 4.9% in the fourth quarter. Bensler LLC now owns 20,194 shares of the specialty retailer’s stock valued at $8,783,000 after acquiring an additional 946 shares during the last quarter. Stonegate Investment Group LLC grew its stake in Ulta Beauty by 0.5% in the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock valued at $2,881,000 after purchasing an additional 34 shares in the last quarter. Baldwin Wealth Partners LLC MA increased its position in shares of Ulta Beauty by 256.8% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 26,076 shares of the specialty retailer’s stock worth $11,341,000 after purchasing an additional 18,768 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Ulta Beauty by 18.8% during the 4th quarter. Blue Trust Inc. now owns 285 shares of the specialty retailer’s stock worth $124,000 after purchasing an additional 45 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of Ulta Beauty in the 4th quarter valued at approximately $447,000. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Stock Down 0.6 %

ULTA stock opened at $410.66 on Thursday. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The business has a 50-day simple moving average of $410.50 and a 200 day simple moving average of $385.57. The company has a market cap of $19.04 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 1.00 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. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $5.07 EPS. On average, analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ULTA shares. Loop Capital boosted their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Ulta Beauty in a report on Tuesday, January 7th. Wells Fargo & Company lifted their price target on Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a report on Tuesday, January 7th. TD Cowen boosted their price target on Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Finally, StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Ulta Beauty currently has an average rating of “Hold” and an average price target 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.