Bryn Mawr Capital Management LLC Sells 70 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Bryn Mawr Capital Management LLC trimmed its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 4.6% during the 4th quarter, HoldingsChannel reports. The fund owned 1,443 shares of the specialty retailer’s stock after selling 70 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Ulta Beauty were worth $628,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in Ulta Beauty by 4.7% during the third quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock valued at $244,000 after acquiring an additional 28 shares during the period. Stonegate Investment Group LLC increased its stake in Ulta Beauty by 0.5% during the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock valued at $2,881,000 after acquiring an additional 34 shares during the period. Resonant Capital Advisors LLC increased its stake in Ulta Beauty by 2.2% during the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock valued at $685,000 after acquiring an additional 34 shares during the period. Clear Creek Financial Management LLC increased its stake in Ulta Beauty by 4.4% during the fourth quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock valued at $362,000 after acquiring an additional 35 shares during the period. Finally, Argonautica Private Wealth Management Inc. increased its stake in Ulta Beauty by 4.2% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 861 shares of the specialty retailer’s stock valued at $374,000 after acquiring an additional 35 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ULTA has been the topic of several research reports. TD Cowen boosted their price target on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. 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. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Wells Fargo & Company lifted their price objective on Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a report on Tuesday, January 7th. Finally, BMO Capital Markets lifted their price objective on Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $459.22.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $365.78 on Friday. The stock’s fifty day moving average price is $404.31 and its two-hundred day moving average price is $387.81. 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 $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 (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $0.69. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.07 EPS. On average, equities analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal 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.