Sigma Planning Corp Has $359,000 Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Sigma Planning Corp cut its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 28.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 826 shares of the specialty retailer’s stock after selling 333 shares during the period. Sigma Planning Corp’s holdings in Ulta Beauty were worth $359,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Geode Capital Management LLC grew its stake in shares of Ulta Beauty by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock worth $461,059,000 after purchasing an additional 10,153 shares during the period. Ontario Teachers Pension Plan Board acquired a new stake in shares of Ulta Beauty during the third quarter worth $359,480,000. Champlain Investment Partners LLC grew its stake in shares of Ulta Beauty by 5.4% during the third quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock worth $237,519,000 after purchasing an additional 31,540 shares during the period. Holocene Advisors LP grew its stake in shares of Ulta Beauty by 3,246.2% during the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock worth $134,737,000 after purchasing an additional 335,914 shares during the period. Finally, Swedbank AB grew its stake in shares of Ulta Beauty by 33.9% during the third quarter. Swedbank AB now owns 321,605 shares of the specialty retailer’s stock worth $125,143,000 after purchasing an additional 81,414 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Down 0.3 %

NASDAQ:ULTA opened at $365.78 on Friday. The stock’s 50 day moving average price is $404.31 and its two-hundred day moving average price is $387.81. The firm has a market capitalization of $16.96 billion, a price-to-earnings ratio of 14.64, a P/E/G ratio of 0.89 and a beta of 1.28. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the company earned $5.07 earnings per share. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities research analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Wall Street Analyst Weigh In

ULTA has been the subject of a number of analyst reports. B. Riley raised Ulta Beauty from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $330.00 to $430.00 in a research note on Tuesday, January 7th. Loop Capital boosted their target price on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Bank of America boosted their target price on Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Barclays boosted their target price on Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a research note on Thursday, January 9th. Finally, JPMorgan Chase & Co. boosted their target price on Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $459.22.

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.