Global Retirement Partners LLC Sells 45 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Global Retirement Partners LLC trimmed its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 12.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 330 shares of the specialty retailer’s stock after selling 45 shares during the quarter. Global Retirement Partners LLC’s holdings in Ulta Beauty were worth $144,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jensen Investment Management Inc. lifted its position in Ulta Beauty by 17.9% in the third quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock worth $4,409,000 after purchasing an additional 1,720 shares during the period. Versor Investments LP bought a new position in Ulta Beauty in the third quarter worth $793,000. Stephens Inc. AR lifted its position in Ulta Beauty by 31.0% in the third quarter. Stephens Inc. AR now owns 16,014 shares of the specialty retailer’s stock worth $6,231,000 after purchasing an additional 3,791 shares during the period. Chase Investment Counsel Corp lifted its position in Ulta Beauty by 100.0% in the third quarter. Chase Investment Counsel Corp now owns 4,000 shares of the specialty retailer’s stock worth $1,556,000 after purchasing an additional 2,000 shares during the period. Finally, Integrated Investment Consultants LLC bought a new position in Ulta Beauty in the third quarter worth $4,480,000. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ULTA has been the subject of several research reports. Morgan Stanley raised Ulta Beauty from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, February 19th. Oppenheimer lifted their price objective on Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. lifted their price objective on Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Canaccord Genuity Group lifted their price objective on Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, Bank of America lifted their price objective on Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Ulta Beauty has a consensus rating of “Hold” and an average target price of $459.22.

Ulta Beauty Stock Performance

Shares of ULTA opened at $366.73 on Thursday. The stock has a 50 day simple moving average of $405.50 and a 200 day simple moving average of $387.96. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The firm has a market capitalization of $17.01 billion, a PE ratio of 14.68, a P/E/G ratio of 0.89 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.45 by $0.69. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.07 EPS. Equities research analysts predict 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.