Atria Wealth Solutions Inc. Sells 1,058 Shares of Ulta Beauty Inc. (NASDAQ:ULTA)

Atria Wealth Solutions Inc. trimmed its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 52.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 953 shares of the specialty retailer’s stock after selling 1,058 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Ulta Beauty were worth $349,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capital World Investors purchased a new position in Ulta Beauty during the fourth quarter worth about $430,674,000. Deutsche Bank AG grew its position in Ulta Beauty by 1.4% during the fourth quarter. Deutsche Bank AG now owns 655,561 shares of the specialty retailer’s stock worth $285,123,000 after buying an additional 9,291 shares in the last quarter. Northern Trust Corp grew its position in Ulta Beauty by 14.7% during the fourth quarter. Northern Trust Corp now owns 562,155 shares of the specialty retailer’s stock worth $244,498,000 after buying an additional 72,004 shares in the last quarter. TD Asset Management Inc grew its position in Ulta Beauty by 3.9% during the first quarter. TD Asset Management Inc now owns 536,169 shares of the specialty retailer’s stock worth $196,527,000 after buying an additional 20,124 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Ulta Beauty by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 466,584 shares of the specialty retailer’s stock worth $202,936,000 after buying an additional 12,158 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ULTA has been the subject of several recent analyst reports. Wall Street Zen cut Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Wells Fargo & Company upped their price objective on Ulta Beauty from $350.00 to $400.00 and gave the stock an “underweight” rating in a report on Friday. Canaccord Genuity Group upped their price objective on Ulta Beauty from $542.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Piper Sandler reiterated a “neutral” rating and issued a $437.00 price objective (up from $386.00) on shares of Ulta Beauty in a report on Friday, May 30th. Finally, Barclays upped their price objective on Ulta Beauty from $327.00 to $485.00 and gave the stock an “equal weight” rating in a report on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $475.17.

Ulta Beauty Price Performance

ULTA opened at $521.00 on Friday. The business has a 50 day simple moving average of $488.32 and a two-hundred day simple moving average of $418.41. The firm has a market capitalization of $23.42 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 3.17 and a beta of 1.12. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $534.10.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.73 by $0.97. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the prior year, the company earned $6.47 EPS. The business’s revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts expect that Ulta Beauty Inc. will post 23.96 EPS 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.