Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lessened its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,137 shares of the specialty retailer’s stock after selling 123 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Ulta Beauty were worth $1,211,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC raised its position in Ulta Beauty by 4.7% in the third quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock valued at $244,000 after purchasing an additional 28 shares during the period. UMB Bank n.a. grew its stake in shares of Ulta Beauty by 83.3% in the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 30 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in shares of Ulta Beauty by 1.0% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 3,495 shares of the specialty retailer’s stock valued at $1,349,000 after buying an additional 33 shares during the period. Mayflower Financial Advisors LLC lifted its position in Ulta Beauty by 6.8% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 521 shares of the specialty retailer’s stock worth $201,000 after acquiring an additional 33 shares in the last quarter. Finally, Brighton Jones LLC boosted its holdings in Ulta Beauty by 1.8% in the 2nd quarter. Brighton Jones LLC now owns 1,826 shares of the specialty retailer’s stock worth $705,000 after acquiring an additional 33 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

ULTA has been the topic of a number of analyst reports. Loop Capital lifted their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. raised their price target on shares of Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Oppenheimer boosted their price objective on shares of Ulta Beauty from $435.00 to $505.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. William Blair downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. Finally, UBS Group lifted their target price on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $439.30.

Ulta Beauty Stock Up 0.2 %

Shares of NASDAQ ULTA opened at $424.79 on Tuesday. The firm’s 50-day moving average price is $379.48 and its two-hundred day moving average price is $378.37. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The stock has a market capitalization of $19.70 billion, a P/E ratio of 17.00, a P/E/G ratio of 2.38 and a beta of 1.32.

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, topping the consensus estimate of $4.45 by $0.69. The business 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 was up 1.7% on a year-over-year basis. During the same quarter last year, the business posted $5.07 EPS. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 23.57 earnings per share for the current 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.