Integrated Investment Consultants LLC Sells 9,260 Shares of Ulta Beauty Inc. (NASDAQ:ULTA)

Key Points

• Integrated Investment Consultants LLC has reduced its stake in Ulta Beauty Inc. by 78.1%, selling 9,260 shares during the 1st quarter and leaving them with only 2,595 shares valued at approximately $951,000.
• Research analysts remain optimistic, with several raising their target prices for Ulta Beauty; UBS Group and JPMorgan Chase & Co. set their targets at $525.00, while DA Davidson increased theirs to $550.00.
• For the previous quarter, Ulta Beauty reported an EPS of $6.70, exceeding estimates and reflecting a 4.5% year-over-year revenue increase with total revenues of $2.85 billion.

Integrated Investment Consultants LLC reduced its stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 78.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,595 shares of the specialty retailer's stock after selling 9,260 shares during the period. Integrated Investment Consultants LLC's holdings in Ulta Beauty were worth $951,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. UBS Group increased their price target on shares of 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 reaffirmed a "neutral" rating and issued a $437.00 price target (up from $386.00) on shares of Ulta Beauty in a research note on Friday, May 30th. Oppenheimer increased their price objective on Ulta Beauty from $465.00 to $510.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Barclays raised their target price on Ulta Beauty from $327.00 to $485.00 and gave the company an "equal weight" rating in a report on Monday, June 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of Ulta Beauty from $315.00 to $350.00 and gave the stock an "underweight" rating in a research note on Friday, May 30th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $465.04.

Ulta Beauty Trading Up 0.8%

NASDAQ:ULTA traded up $4.32 on Monday, hitting $519.27. The company's stock had a trading volume of 528,455 shares, compared to its average volume of 561,048. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $520.87. The firm has a market capitalization of $23.34 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 3.12 and a beta of 1.08. The stock has a fifty day moving average of $464.66 and a two-hundred day moving average of $407.82.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 EPS 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 analysts' expectations of $2.79 billion. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $6.47 earnings per share. As a group, sell-side analysts anticipate 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.