Asio Capital LLC Sells 5,836 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Asio Capital LLC trimmed its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 50.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,764 shares of the specialty retailer’s stock after selling 5,836 shares during the period. Asio Capital LLC’s holdings in Ulta Beauty were worth $2,507,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Paladin Wealth LLC acquired a new position in shares of Ulta Beauty during the third quarter worth approximately $32,000. Sunbelt Securities Inc. increased its stake in 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 purchasing an additional 45 shares in the last quarter. Westside Investment Management Inc. raised its holdings 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 buying an additional 50 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Ulta Beauty in the third quarter valued at $41,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Ulta Beauty during the fourth quarter valued at about $43,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ULTA. Telsey Advisory Group restated an “outperform” rating and issued a $500.00 target price on shares of Ulta Beauty in a report on Tuesday, January 7th. Oppenheimer increased their price objective on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Wells Fargo & Company lifted their target price on Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a research report on Tuesday, January 7th. B. Riley upgraded shares of Ulta Beauty from a “sell” rating to a “neutral” rating and increased their target price for the company from $330.00 to $430.00 in a report on Tuesday, January 7th. Finally, Raymond James reduced their price objective on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. 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 stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $459.22.

Ulta Beauty Stock Down 0.2 %

Shares of NASDAQ ULTA opened at $417.83 on Friday. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The company has a market cap of $19.37 billion, a P/E ratio of 16.72, a P/E/G ratio of 1.00 and a beta of 1.28. The business has a 50-day simple moving average of $407.85 and a two-hundred day simple moving average of $385.62.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping 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 business 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 firm posted $5.07 EPS. Ulta Beauty’s revenue was up 1.7% on a year-over-year basis. Equities research analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

About Ulta Beauty

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.