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 its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 904 shares of the specialty retailer’s stock after selling 64 shares during the period. Schechter Investment Advisors LLC’s holdings in Ulta Beauty were worth $393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jensen Investment Management Inc. lifted its position in Ulta Beauty by 17.9% during the third quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock valued at $4,409,000 after purchasing an additional 1,720 shares during the last quarter. Versor Investments LP bought a new position in shares of Ulta Beauty in the 3rd quarter valued at about $793,000. Chase Investment Counsel Corp grew its position in Ulta Beauty by 100.0% in the third quarter. Chase Investment Counsel Corp now owns 4,000 shares of the specialty retailer’s stock worth $1,556,000 after acquiring an additional 2,000 shares in the last quarter. Integrated Investment Consultants LLC bought a new stake in Ulta Beauty during the third quarter worth approximately $4,480,000. Finally, Thrivent Financial for Lutherans increased its stake in Ulta Beauty by 382.5% during the third quarter. Thrivent Financial for Lutherans now owns 10,698 shares of the specialty retailer’s stock worth $4,163,000 after acquiring an additional 8,481 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. UBS Group lifted their target price on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a report on Friday, December 6th. DA Davidson raised their price target on Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. TD Cowen boosted their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. upped 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. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Ulta Beauty currently has a consensus rating of “Hold” and an average target price of $459.22.

Ulta Beauty Trading Up 2.4 %

Shares of ULTA opened at $351.63 on Thursday. The firm has a market cap of $16.31 billion, a PE ratio of 14.07, a P/E/G ratio of 0.89 and a beta of 1.28. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The stock has a fifty day moving average price of $397.92 and a 200-day moving average price of $388.32.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.07 earnings per share. As a group, research analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

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.