Schechter Investment Advisors LLC Sells 64 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Schechter Investment Advisors LLC trimmed its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 904 shares of the specialty retailer’s stock after selling 64 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Ulta Beauty were worth $393,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ULTA. Farther Finance Advisors LLC lifted its position 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 buying an additional 28 shares during the period. Janney Montgomery Scott LLC boosted its stake in Ulta Beauty by 5.7% during the third quarter. Janney Montgomery Scott LLC now owns 28,968 shares of the specialty retailer’s stock worth $11,272,000 after acquiring an additional 1,552 shares in the last quarter. Van ECK Associates Corp grew its holdings in Ulta Beauty by 2.3% in the third quarter. Van ECK Associates Corp now owns 18,829 shares of the specialty retailer’s stock worth $6,911,000 after purchasing an additional 431 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Ulta Beauty by 2.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 8,363 shares of the specialty retailer’s stock valued at $3,254,000 after purchasing an additional 212 shares in the last quarter. Finally, Impax Asset Management Group plc lifted its holdings in shares of Ulta Beauty by 11.8% during the third quarter. Impax Asset Management Group plc now owns 93,419 shares of the specialty retailer’s stock valued at $36,351,000 after purchasing an additional 9,863 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $351.63 on Thursday. The stock has a fifty day simple moving average of $397.92 and a two-hundred day simple moving average of $388.32. The firm has a market capitalization of $16.31 billion, a PE ratio of 14.07, a PEG ratio of 0.89 and a beta of 1.28. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.69. The company 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 firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the company earned $5.07 EPS. On average, sell-side analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. TD Cowen raised their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Barclays lifted their price target on Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 9th. Stifel Nicolaus increased their price objective on shares of Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. UBS Group lifted their target price on shares of Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, B. Riley raised shares of Ulta Beauty from a “sell” rating to a “neutral” rating and raised their price target for the company from $330.00 to $430.00 in a research report on Tuesday, January 7th. 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. According to data from MarketBeat, Ulta Beauty presently has a consensus rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty 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.