Dakota Wealth Management Has $1.19 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Dakota Wealth Management reduced its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 92.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,726 shares of the specialty retailer’s stock after selling 31,573 shares during the period. Dakota Wealth Management’s holdings in Ulta Beauty were worth $1,186,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in ULTA. International Assets Investment Management LLC boosted its position in shares of Ulta Beauty by 180,713.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after acquiring an additional 1,237,884 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new position in Ulta Beauty in the third quarter valued at about $359,480,000. Holocene Advisors LP boosted its position in Ulta Beauty by 3,246.2% in the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after buying an additional 335,914 shares in the last quarter. Atreides Management LP acquired a new position in Ulta Beauty in the third quarter valued at about $73,069,000. Finally, Assenagon Asset Management S.A. boosted its position in Ulta Beauty by 258.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock valued at $54,884,000 after buying an additional 90,972 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on ULTA shares. Telsey Advisory Group restated an “outperform” rating and issued a $500.00 price target on shares of Ulta Beauty in a research report on Tuesday, January 7th. Oppenheimer upped their target price on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Stifel Nicolaus upped their target price on shares of Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. Raymond James dropped their price target on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. Finally, Citigroup boosted their price target on shares of Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Trading Up 0.0 %

Ulta Beauty stock opened at $418.55 on Friday. The company has a market cap of $19.41 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 1.01 and a beta of 1.28. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The company has a fifty day simple moving average of $406.08 and a 200 day simple moving average of $385.23.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.50 billion. During the same quarter last year, the firm posted $5.07 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, equities research analysts forecast that Ulta Beauty, Inc. will post 23.93 EPS for the current 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.