Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. trimmed its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 32.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,549 shares of the specialty retailer’s stock after selling 744 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Ulta Beauty were worth $674,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ULTA. Thrivent Financial for Lutherans raised its holdings in shares of Ulta Beauty by 382.5% in the third quarter. Thrivent Financial for Lutherans now owns 10,698 shares of the specialty retailer’s stock worth $4,163,000 after acquiring an additional 8,481 shares during the last quarter. Quest Partners LLC grew its position in shares of Ulta Beauty by 22.3% in the third quarter. Quest Partners LLC now owns 1,197 shares of the specialty retailer’s stock valued at $466,000 after purchasing an additional 218 shares during the period. Pathstone Holdings LLC grew its position in shares of Ulta Beauty by 16.0% in the third quarter. Pathstone Holdings LLC now owns 5,581 shares of the specialty retailer’s stock valued at $2,172,000 after purchasing an additional 768 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Ulta Beauty in the third quarter valued at $1,339,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Ulta Beauty by 10.9% in the third quarter. PNC Financial Services Group Inc. now owns 14,770 shares of the specialty retailer’s stock valued at $5,747,000 after purchasing an additional 1,450 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Up 2.8 %

Shares of NASDAQ ULTA opened at $350.57 on Friday. The business has a 50 day moving average price of $377.57 and a two-hundred day moving average price of $386.17. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $529.67. The firm has a market cap of $16.26 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 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 company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the business posted $8.08 EPS. Ulta Beauty’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. UBS Group lifted their price objective on Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Piper Sandler dropped their price target on Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Bank of America dropped their price target on Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Telsey Advisory Group restated an “outperform” rating and set a $500.00 price target on shares of Ulta Beauty in a research note on Monday, March 10th. Finally, Citigroup lowered their target price on Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $427.13.

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.