Asio Capital LLC Lowers Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Asio Capital LLC lessened its stake in Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) by 50.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,764 shares of the specialty retailer’s stock after selling 5,836 shares during the period. Asio Capital LLC’s holdings in Ulta Beauty were worth $2,507,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ULTA. Paladin Wealth LLC bought a new stake in shares of Ulta Beauty during the 3rd quarter worth $32,000. Sunbelt Securities Inc. lifted its stake in Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 45 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in shares of Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 50 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Ulta Beauty during the 4th quarter valued at about $43,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Ulta Beauty during the 3rd quarter valued at about $41,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $417.83 on Friday. The firm has a market capitalization of $19.37 billion, a P/E ratio of 16.72, a P/E/G ratio of 1.00 and a beta of 1.28. The stock has a 50 day moving average price of $407.85 and a 200-day moving average price of $385.62. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last posted its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the company earned $5.07 earnings per share. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut their target price on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. UBS Group increased their target price on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a report on Friday, December 6th. JPMorgan Chase & Co. boosted their price target on shares of Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. 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 note on Wednesday, January 8th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $500.00 target price on shares of Ulta Beauty in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $459.22.

Get Our Latest Stock Report on ULTA

Ulta Beauty Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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