Cetera Investment Advisers Has $4.97 Million Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Cetera Investment Advisers decreased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 11,434 shares of the specialty retailer’s stock after selling 231 shares during the period. Cetera Investment Advisers’ holdings in Ulta Beauty were worth $4,973,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ULTA. Prestige Wealth Management Group LLC increased its stake in shares of Ulta Beauty by 121.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 34 shares during the last quarter. Edge Capital Group LLC bought a new stake in shares of Ulta Beauty during the 4th quarter worth $33,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Ulta Beauty during the 4th quarter worth $43,000. Trust Co. of Vermont boosted its holdings in shares of Ulta Beauty by 60.0% during the 4th quarter. Trust Co. of Vermont now owns 144 shares of the specialty retailer’s stock worth $63,000 after buying an additional 54 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of Ulta Beauty by 213.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 160 shares of the specialty retailer’s stock worth $70,000 after buying an additional 109 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Transactions at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the completion of the transaction, the insider now directly owns 7,632 shares of the company’s stock, valued at $2,817,429.12. This trade represents a 10.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.17% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ULTA has been the subject of several recent analyst reports. B. Riley decreased their price objective on shares of Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Barclays decreased their price objective on shares of Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. Stifel Nicolaus decreased their price objective on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating for the company in a report on Friday, March 14th. The Goldman Sachs Group raised shares of Ulta Beauty from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $384.00 to $423.00 in a report on Tuesday, April 1st. Finally, BMO Capital Markets decreased their price objective on shares of Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating for the company in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $427.83.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $411.38 on Thursday. The company has a 50-day moving average of $367.96 and a 200-day moving average of $385.00. The company has a market capitalization of $18.57 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 0.89 and a beta of 1.06. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $460.00.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping analysts’ consensus estimates of $7.13 by $1.33. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the firm earned $8.08 EPS. Sell-side 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.