Harbour Investments Inc. Has $147,000 Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Harbour Investments Inc. decreased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 17.4% in the 4th quarter, Holdings Channel reports. The fund owned 337 shares of the specialty retailer’s stock after selling 71 shares during the period. Harbour Investments Inc.’s holdings in Ulta Beauty were worth $147,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ULTA. Holocene Advisors LP raised its stake in Ulta Beauty by 3,246.2% during the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock worth $134,737,000 after acquiring an additional 335,914 shares in the last quarter. Atreides Management LP acquired a new position in Ulta Beauty during the third quarter worth about $73,069,000. Proficio Capital Partners LLC acquired a new position in Ulta Beauty during the fourth quarter worth about $58,074,000. Victory Capital Management Inc. raised its stake in Ulta Beauty by 364.6% during the fourth quarter. Victory Capital Management Inc. now owns 159,053 shares of the specialty retailer’s stock worth $69,177,000 after acquiring an additional 124,822 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Ulta Beauty by 258.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock worth $54,884,000 after purchasing an additional 90,972 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of ULTA opened at $350.57 on Friday. Ulta Beauty, Inc. has a 52-week low of $309.01 and a 52-week high of $529.67. The business’s 50 day moving average price is $377.57 and its two-hundred day moving average price is $386.36. The firm has a market cap of $16.26 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, topping analysts’ consensus estimates of $7.13 by $1.33. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the prior year, the firm earned $8.08 earnings per share. Ulta Beauty’s revenue for the quarter was down 1.9% on a year-over-year basis. Research analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. BMO Capital Markets reduced their price target on Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating on the stock in a report on Friday, March 14th. Citigroup reduced their price target on Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Morgan Stanley reduced their price target on Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Canaccord Genuity Group reduced their price target on Ulta Beauty from $538.00 to $526.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Finally, Bank of America reduced their price target on Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Ulta Beauty has an average rating of “Hold” and a consensus target price of $427.13.

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.