Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC reduced its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 13.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 995 shares of the specialty retailer’s stock after selling 150 shares during the period. Daymark Wealth Partners LLC’s holdings in Ulta Beauty were worth $433,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ULTA. Advisory Alpha LLC bought a new stake in shares of Ulta Beauty in the fourth quarter worth $215,000. Simon Quick Advisors LLC acquired a new position in Ulta Beauty during the 4th quarter worth $203,000. Octavia Wealth Advisors LLC increased its position in shares of Ulta Beauty by 43.8% in the 4th quarter. Octavia Wealth Advisors LLC now owns 837 shares of the specialty retailer’s stock worth $364,000 after purchasing an additional 255 shares during the last quarter. Chesley Taft & Associates LLC acquired a new stake in shares of Ulta Beauty in the 4th quarter valued at about $208,000. Finally, Crossmark Global Holdings Inc. lifted its position in shares of Ulta Beauty by 53.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 2,196 shares of the specialty retailer’s stock worth $955,000 after purchasing an additional 764 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ULTA shares. B. Riley upgraded Ulta Beauty from a “sell” rating to a “neutral” rating and upped their price objective for the company from $330.00 to $430.00 in a research note on Tuesday, January 7th. Loop Capital upped their price target on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Morgan Stanley raised shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $430.00 to $500.00 in a report on Tuesday. BMO Capital Markets increased their target price on shares of Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Finally, Canaccord Genuity Group lifted their price target on shares of Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Stock Up 0.0 %

Shares of ULTA stock opened at $418.55 on Friday. The stock has a 50-day simple moving average of $406.08 and a 200 day simple moving average of $385.23. The stock has a market capitalization of $19.41 billion, a P/E ratio of 16.75, a P/E/G ratio of 1.01 and a beta of 1.28. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the firm posted $5.07 EPS. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.93 earnings per share 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.