Compass Wealth Management LLC Sells 3,205 Shares of Ulta Beauty Inc. (NASDAQ:ULTA)

Compass Wealth Management LLC cut its stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 86.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 495 shares of the specialty retailer's stock after selling 3,205 shares during the quarter. Compass Wealth Management LLC's holdings in Ulta Beauty were worth $181,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Westside Investment Management Inc. increased its position in shares of Ulta Beauty by 32.5% in the 1st quarter. Westside Investment Management Inc. now owns 110 shares of the specialty retailer's stock valued at $40,000 after purchasing an additional 27 shares during the last quarter. RWA Wealth Partners LLC grew its holdings in Ulta Beauty by 1.5% during the fourth quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer's stock worth $812,000 after acquiring an additional 28 shares during the period. Procyon Advisors LLC lifted its position in shares of Ulta Beauty by 4.3% during the 1st quarter. Procyon Advisors LLC now owns 707 shares of the specialty retailer's stock valued at $259,000 after acquiring an additional 29 shares during the period. Lido Advisors LLC grew its stake in Ulta Beauty by 5.0% in the 4th quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer's stock valued at $272,000 after acquiring an additional 30 shares during the last quarter. Finally, Sagespring Wealth Partners LLC lifted its position in shares of Ulta Beauty by 5.0% in the first quarter. Sagespring Wealth Partners LLC now owns 625 shares of the specialty retailer's stock valued at $229,000 after acquiring an additional 30 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Trading Down 0.9%

ULTA traded down $4.18 during midday trading on Monday, reaching $473.62. The company's stock had a trading volume of 179,657 shares, compared to its average volume of 943,623. The stock has a market cap of $21.29 billion, a P/E ratio of 18.50, a PEG ratio of 2.90 and a beta of 1.08. The company has a fifty day simple moving average of $437.28 and a 200 day simple moving average of $401.72. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $491.98.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, topping analysts' consensus estimates of $5.73 by $0.97. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The firm had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $2.79 billion. During the same quarter last year, the company earned $6.47 earnings per share. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. Sell-side analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

ULTA has been the subject of several recent analyst reports. Oppenheimer lifted their price target on Ulta Beauty from $465.00 to $510.00 and gave the company an "outperform" rating in a report on Friday, May 30th. UBS Group lifted their target price on Ulta Beauty from $490.00 to $525.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Piper Sandler restated a "neutral" rating and set a $437.00 price target (up previously from $386.00) on shares of Ulta Beauty in a research report on Friday, May 30th. BMO Capital Markets reduced their price target on shares of Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating for the company in a research note on Friday, March 14th. Finally, Morgan Stanley upped their price target on Ulta Beauty from $460.00 to $550.00 and gave the company an "overweight" rating in a report on Friday, May 30th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $462.22.

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.