Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 20.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 863 shares of the specialty retailer’s stock after selling 217 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Ulta Beauty were worth $358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in ULTA. GAMMA Investing LLC grew its position in shares of Ulta Beauty by 26.0% during the 3rd quarter. GAMMA Investing LLC now owns 422 shares of the specialty retailer’s stock valued at $164,000 after acquiring an additional 87 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Ulta Beauty by 348.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 386 shares of the specialty retailer’s stock valued at $150,000 after purchasing an additional 300 shares during the period. Octavia Wealth Advisors LLC purchased a new stake in shares of Ulta Beauty in the third quarter valued at approximately $226,000. Armstrong Advisory Group Inc. raised its stake in shares of Ulta Beauty by 70.6% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 116 shares of the specialty retailer’s stock worth $45,000 after buying an additional 48 shares during the period. Finally, Paladin Wealth LLC purchased a new position in shares of Ulta Beauty during the 3rd quarter valued at approximately $32,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on ULTA. DA Davidson boosted their price target on shares of Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Citigroup upped their price target on shares of Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Oppenheimer raised their price target on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. William Blair lowered Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. Finally, Canaccord Genuity Group raised their target price on Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $459.22.

Ulta Beauty Price Performance

Shares of ULTA opened at $374.79 on Monday. The firm has a 50-day simple moving average of $417.81 and a two-hundred day simple moving average of $386.20. The stock has a market cap of $17.38 billion, a PE ratio of 15.00, a P/E/G ratio of 0.96 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.

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, beating the consensus estimate of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm 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 earned $5.07 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, sell-side analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share 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.