Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC lessened its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 48.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 322 shares of the specialty retailer’s stock after selling 305 shares during the quarter. Farther Finance Advisors LLC’s holdings in Ulta Beauty were worth $140,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of ULTA. Thrivent Financial for Lutherans increased its holdings in Ulta Beauty by 382.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 10,698 shares of the specialty retailer’s stock worth $4,163,000 after buying an additional 8,481 shares during the period. MAI Capital Management boosted its position in Ulta Beauty by 1.7% in the 3rd quarter. MAI Capital Management now owns 5,586 shares of the specialty retailer’s stock worth $2,174,000 after purchasing an additional 93 shares in the last quarter. Quest Partners LLC boosted its position in Ulta Beauty by 22.3% in the 3rd quarter. Quest Partners LLC now owns 1,197 shares of the specialty retailer’s stock worth $466,000 after purchasing an additional 218 shares in the last quarter. Pathstone Holdings LLC boosted its position in Ulta Beauty by 16.0% in the 3rd quarter. Pathstone Holdings LLC now owns 5,581 shares of the specialty retailer’s stock worth $2,172,000 after purchasing an additional 768 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Ulta Beauty in the 3rd quarter worth approximately $1,339,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

ULTA has been the topic of several recent research reports. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Wells Fargo & Company lowered their price objective on Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating on the stock in a research report on Friday, March 14th. Telsey Advisory Group restated an “outperform” rating and issued a $500.00 price objective on shares of Ulta Beauty in a research report on Monday, March 10th. Piper Sandler lowered their price objective on Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Finally, Loop Capital increased their target price on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Ulta Beauty has an average rating of “Hold” and a consensus target price of $427.13.

Ulta Beauty Stock Down 0.8 %

Shares of ULTA opened at $340.89 on Friday. Ulta Beauty, Inc. has a 52-week low of $309.01 and a 52-week high of $531.11. The company has a market capitalization of $15.81 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The stock has a fifty day simple moving average of $378.92 and a two-hundred day simple moving average of $386.19.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $3.47 billion. During the same period last year, the company earned $8.08 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, equities analysts anticipate 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.