Harbour Investments Inc. Has $147,000 Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Harbour Investments Inc. reduced its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 17.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 337 shares of the specialty retailer’s stock after selling 71 shares during the period. Harbour Investments Inc.’s holdings in Ulta Beauty were worth $147,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Holocene Advisors LP grew its stake in shares of Ulta Beauty by 3,246.2% during the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock worth $134,737,000 after acquiring an additional 335,914 shares in the last quarter. Atreides Management LP bought a new position in shares of Ulta Beauty during the 3rd quarter worth approximately $73,069,000. Proficio Capital Partners LLC bought a new position in shares of Ulta Beauty during the 4th quarter worth approximately $58,074,000. Victory Capital Management Inc. grew its stake in shares of Ulta Beauty by 364.6% during the 4th quarter. Victory Capital Management Inc. now owns 159,053 shares of the specialty retailer’s stock worth $69,177,000 after acquiring an additional 124,822 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Ulta Beauty by 258.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock worth $54,884,000 after acquiring an additional 90,972 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ULTA has been the subject of several research reports. Stifel Nicolaus decreased their price target on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating for the company in a research note on Friday, March 14th. Loop Capital raised their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Citigroup decreased their target price on shares of Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Barclays decreased their target price on shares of Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating for the company in a research note on Friday, March 14th. Finally, Piper Sandler decreased their target price on shares of Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. One equities 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $427.13.

Ulta Beauty Stock Performance

ULTA opened at $350.57 on Friday. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $529.67. The company has a market capitalization of $16.26 billion, a P/E ratio of 14.03, a P/E/G ratio of 0.89 and a beta of 1.34. The stock has a fifty day moving average of $377.57 and a 200-day moving average of $386.36.

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

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.