Capital Asset Advisory Services LLC Lowers Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Capital Asset Advisory Services LLC lessened its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTAGet Rating) by 33.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 540 shares of the specialty retailer’s stock after selling 269 shares during the period. Capital Asset Advisory Services LLC’s holdings in Ulta Beauty were worth $223,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ULTA. MUFG Americas Holdings Corp boosted its position in shares of Ulta Beauty by 536.4% in the third quarter. MUFG Americas Holdings Corp now owns 70 shares of the specialty retailer’s stock worth $25,000 after buying an additional 59 shares during the period. Dixon Hughes Goodman Wealth Advisors LLC purchased a new stake in shares of Ulta Beauty in the fourth quarter worth about $25,000. Lumature Wealth Partners LLC purchased a new stake in shares of Ulta Beauty in the third quarter worth about $29,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Ulta Beauty by 525.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 75 shares of the specialty retailer’s stock worth $31,000 after buying an additional 63 shares during the period. Finally, Blue Bell Private Wealth Management LLC purchased a new stake in shares of Ulta Beauty in the fourth quarter worth about $31,000. 88.92% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Jodi J. Caro sold 5,340 shares of the stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $384.54, for a total value of $2,053,443.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.10% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Raymond James decreased their target price on Ulta Beauty from $485.00 to $450.00 and set an “outperform” rating for the company in a research report on Wednesday, January 26th. Zacks Investment Research cut Ulta Beauty from a “strong-buy” rating to a “hold” rating and set a $391.00 price target on the stock. in a research note on Wednesday, February 2nd. DA Davidson cut their price target on Ulta Beauty from $500.00 to $450.00 in a research note on Friday, March 11th. Barclays boosted their price target on Ulta Beauty from $440.00 to $469.00 and gave the stock an “overweight” rating in a research note on Monday, March 14th. Finally, BMO Capital Markets boosted their price target on Ulta Beauty from $365.00 to $385.00 and gave the stock a “market perform” rating in a research note on Friday, March 11th. Ten research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Ulta Beauty presently has an average rating of “Buy” and an average target price of $446.64.

Shares of Ulta Beauty stock traded up $0.41 on Monday, reaching $416.06. 15,333 shares of the company were exchanged, compared to its average volume of 698,293. The company’s 50-day moving average is $383.35 and its two-hundred day moving average is $384.36. The firm has a market cap of $21.77 billion, a price-to-earnings ratio of 23.08, a P/E/G ratio of 2.18 and a beta of 1.65. Ulta Beauty, Inc. has a 1-year low of $299.77 and a 1-year high of $422.43.

Ulta Beauty (NASDAQ:ULTAGet Rating) last announced its quarterly earnings results on Thursday, March 10th. The specialty retailer reported $5.41 earnings per share for the quarter, topping analysts’ consensus estimates of $4.56 by $0.85. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.69 billion. Ulta Beauty had a return on equity of 54.42% and a net margin of 11.42%. The business’s quarterly revenue was up 24.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.41 EPS. Research analysts forecast that Ulta Beauty, Inc. will post 18.54 earnings per share for the current year.

About Ulta Beauty (Get Rating)

Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.

Further Reading

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

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