Focus Partners Wealth Sells 697 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Focus Partners Wealth cut its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 38.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,129 shares of the specialty retailer's stock after selling 697 shares during the period. Focus Partners Wealth's holdings in Ulta Beauty were worth $491,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Cornerstone Investment Partners LLC grew its position in Ulta Beauty by 3.9% in the fourth quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer's stock valued at $289,000 after acquiring an additional 25 shares during the period. RWA Wealth Partners LLC grew its position in Ulta Beauty by 1.5% in the fourth quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer's stock valued at $812,000 after acquiring an additional 28 shares during the period. Lido Advisors LLC grew its position in Ulta Beauty by 5.0% in the fourth 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 period. Colonial Trust Co SC grew its position in Ulta Beauty by 36.9% in the fourth quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer's stock valued at $50,000 after acquiring an additional 31 shares during the period. Finally, Stonegate Investment Group LLC grew its position in Ulta Beauty by 0.5% in the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer's stock valued at $2,881,000 after acquiring an additional 34 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Trading Down 0.8%

Ulta Beauty stock traded down $3.35 during mid-day trading on Friday, hitting $407.04. The stock had a trading volume of 569,117 shares, compared to its average volume of 1,050,342. The stock has a 50-day simple moving average of $376.14 and a two-hundred day simple moving average of $386.37. The stock has a market capitalization of $18.38 billion, a PE ratio of 16.29, a P/E/G ratio of 0.89 and a beta of 1.06. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $460.00.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.13 by $1.33. The business had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm's quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $8.08 earnings per share. Sell-side analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the transaction, the insider now owns 7,632 shares in the company, valued at approximately $2,817,429.12. This trade represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.39% of the company's stock.

Analysts Set New Price Targets

ULTA has been the topic of a number of analyst reports. DA Davidson reiterated a "buy" rating and issued a $415.00 price target on shares of Ulta Beauty in a research report on Wednesday, April 16th. Telsey Advisory Group reiterated an "outperform" rating and issued a $460.00 price target on shares of Ulta Beauty in a research report on Friday. Wells Fargo & Company upped their price target on Ulta Beauty from $300.00 to $315.00 and gave the company an "underweight" rating in a research report on Wednesday, May 14th. The Goldman Sachs Group upgraded Ulta Beauty from a "neutral" rating to a "buy" rating and increased their target price for the stock from $384.00 to $423.00 in a report on Tuesday, April 1st. Finally, Canaccord Genuity Group lowered their target price on Ulta Beauty from $526.00 to $510.00 and set a "buy" rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $424.25.

Ulta Beauty Company 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.