Ulta Beauty Inc. (NASDAQ:ULTA) Shares Sold by Compass Wealth Management LLC

Compass Wealth Management LLC lowered its stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 86.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 495 shares of the specialty retailer's stock after selling 3,205 shares during the period. Compass Wealth Management LLC's holdings in Ulta Beauty were worth $181,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Prestige Wealth Management Group LLC increased its holdings in Ulta Beauty by 121.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock valued at $27,000 after buying an additional 34 shares during the last quarter. American National Bank & Trust acquired a new position in shares of Ulta Beauty in the 1st quarter worth approximately $29,000. Wayfinding Financial LLC bought a new stake in shares of Ulta Beauty in the 1st quarter valued at approximately $31,000. Rakuten Securities Inc. lifted its stake in Ulta Beauty by 218.5% during the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 59 shares during the last quarter. Finally, North Star Investment Management Corp. boosted its holdings in Ulta Beauty by 71.4% in the first quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on ULTA shares. Piper Sandler reissued a "neutral" rating and set a $437.00 target price (up from $386.00) on shares of Ulta Beauty in a report on Friday, May 30th. Barclays raised their target price on shares of Ulta Beauty from $327.00 to $485.00 and gave the stock an "equal weight" rating in a report on Monday, June 2nd. JPMorgan Chase & Co. upped their target price on Ulta Beauty from $477.00 to $525.00 and gave the company an "overweight" rating in a report on Friday, May 30th. DA Davidson raised their price target on Ulta Beauty from $415.00 to $485.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Finally, Bank of America reduced their price objective on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Ulta Beauty has an average rating of "Moderate Buy" and an average price target of $462.22.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA traded up $2.84 during trading on Friday, reaching $477.68. The company had a trading volume of 391,801 shares, compared to its average volume of 1,045,569. The firm's fifty day moving average is $437.28 and its 200 day moving average is $401.88. The firm has a market capitalization of $21.47 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 2.90 and a beta of 1.08. 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 released its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, topping analysts' consensus estimates of $5.73 by $0.97. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.79 billion. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.47 earnings per share. Equities analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal 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.