Scott & Selber Inc. Sells 129 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Scott & Selber Inc. decreased its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,298 shares of the specialty retailer’s stock after selling 129 shares during the period. Scott & Selber Inc.’s holdings in Ulta Beauty were worth $2,739,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Ontario Teachers Pension Plan Board bought a new position in Ulta Beauty during the 3rd quarter valued at approximately $359,480,000. Holocene Advisors LP increased 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 valued at $134,737,000 after buying an additional 335,914 shares during the period. Atreides Management LP purchased a new position in shares of Ulta Beauty during the third quarter valued at approximately $73,069,000. Proficio Capital Partners LLC bought a new position in shares of Ulta Beauty during the fourth quarter valued at approximately $58,074,000. Finally, Assenagon Asset Management S.A. lifted its stake in Ulta Beauty by 258.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock worth $54,884,000 after acquiring an additional 90,972 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on ULTA shares. Morgan Stanley upgraded shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating in a report on Wednesday, February 19th. Telsey Advisory Group reissued an “outperform” rating and issued a $500.00 price target on shares of Ulta Beauty in a research note on Tuesday, January 7th. 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 research report on Friday, December 6th. Citigroup upped their target price on Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, DA Davidson raised their target price on Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $459.22.

Ulta Beauty Price Performance

Ulta Beauty stock opened at $348.86 on Tuesday. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The business’s fifty day moving average is $401.43 and its 200 day moving average is $388.82. The stock has a market capitalization of $16.18 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 0.89 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the firm posted $5.07 EPS. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, sell-side analysts expect 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.