Envestnet Portfolio Solutions Inc. Has $481,000 Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Envestnet Portfolio Solutions Inc. decreased its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 44.3% in the 4th quarter, HoldingsChannel reports. The fund owned 1,107 shares of the specialty retailer’s stock after selling 882 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Ulta Beauty were worth $481,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of ULTA. Sunbelt Securities Inc. boosted its position in shares of Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 45 shares in the last quarter. Westside Investment Management Inc. lifted its stake in Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 50 shares during the period. Edge Capital Group LLC acquired a new stake in Ulta Beauty during the fourth quarter valued at approximately $33,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Ulta Beauty in the 3rd quarter valued at approximately $41,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Ulta Beauty in the 4th quarter worth approximately $43,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Up 1.3 %

Shares of ULTA stock opened at $370.75 on Wednesday. The firm has a market cap of $17.19 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $529.67. The stock has a 50-day moving average price of $376.15 and a 200 day moving average price of $386.59.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping the consensus estimate of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the company earned $8.08 EPS. Ulta Beauty’s revenue was down 1.9% on a year-over-year basis. Sell-side analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ULTA has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their price target on Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating on the stock in a research report on Friday, March 14th. DA Davidson lowered their target price on shares of Ulta Beauty from $510.00 to $415.00 and set a “buy” rating on the stock in a report on Friday, March 14th. UBS Group lifted their price target on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a report on Friday, December 6th. TD Cowen upped their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Ulta Beauty in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $427.13.

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.