HighPoint Advisor Group LLC Lowers Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

HighPoint Advisor Group LLC lowered its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 20.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,967 shares of the specialty retailer’s stock after selling 497 shares during the period. HighPoint Advisor Group LLC’s holdings in Ulta Beauty were worth $856,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. 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. increased its holdings in shares of Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 45 shares in the last quarter. Westside Investment Management Inc. lifted its stake in shares of Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 50 shares during the period. Edge Capital Group LLC purchased a new stake in Ulta Beauty during the fourth quarter worth $33,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in Ulta Beauty during the fourth quarter valued at $43,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

ULTA has been the subject of a number of analyst reports. Citigroup decreased their price objective on shares of Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Loop Capital increased their price target on Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Wells Fargo & Company dropped their price objective on Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating on the stock in a report on Friday, March 14th. Morgan Stanley reduced their target price on Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. Finally, JPMorgan Chase & Co. cut their price target 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 analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $427.61.

Ulta Beauty Trading Up 2.0 %

NASDAQ:ULTA opened at $373.91 on Wednesday. Ulta Beauty, Inc. has a 12-month low of $309.01 and a 12-month high of $528.80. The firm has a market cap of $17.34 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The stock has a fifty day moving average price of $371.93 and a 200 day moving average price of $386.33.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter last year, the business posted $8.08 EPS. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

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.