B. Riley Wealth Advisors Inc. Sells 802 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

B. Riley Wealth Advisors Inc. cut its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 25.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,335 shares of the specialty retailer's stock after selling 802 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Ulta Beauty were worth $1,016,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LaFleur & Godfrey LLC lifted its position in shares of Ulta Beauty by 32.1% during the fourth quarter. LaFleur & Godfrey LLC now owns 2,455 shares of the specialty retailer's stock worth $1,068,000 after purchasing an additional 596 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in Ulta Beauty by 11.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,714 shares of the specialty retailer's stock worth $745,000 after buying an additional 177 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in Ulta Beauty in the 4th quarter worth $447,000. Blue Trust Inc. lifted its holdings in Ulta Beauty by 18.8% in the 4th quarter. Blue Trust Inc. now owns 285 shares of the specialty retailer's stock worth $124,000 after buying an additional 45 shares in the last quarter. Finally, Stonegate Investment Group LLC lifted its holdings in Ulta Beauty by 0.5% in the 4th quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer's stock worth $2,881,000 after buying an additional 34 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on ULTA. Argus cut Ulta Beauty from a "buy" rating to a "hold" rating in a research note on Monday, April 14th. Morgan Stanley upped their target price on Ulta Beauty from $460.00 to $550.00 and gave the company an "overweight" rating in a research report on Friday. Raymond James reaffirmed an "outperform" rating and issued a $500.00 target price (up from $450.00) on shares of Ulta Beauty in a research report on Friday. The Goldman Sachs Group upgraded shares of Ulta Beauty from a "neutral" rating to a "buy" rating and upped their target price for the company from $384.00 to $423.00 in a research note on Tuesday, April 1st. Finally, Oppenheimer upped their price target on Ulta Beauty from $465.00 to $510.00 and gave the company an "outperform" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $454.04.

Insiders Place Their Bets

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the transaction, the insider now owns 7,632 shares in the company, valued at approximately $2,817,429.12. The trade was a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by company insiders.

Ulta Beauty Trading Up 11.4%

ULTA traded up $47.92 during trading hours on Friday, hitting $469.71. The company's stock had a trading volume of 4,593,456 shares, compared to its average volume of 1,051,937. The firm has a market capitalization of $21.21 billion, a PE ratio of 18.80, a PEG ratio of 0.89 and a beta of 1.06. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $491.98. The company has a 50-day simple moving average of $384.70 and a 200 day simple moving average of $388.06.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.73 by $0.97. The company had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.79 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the firm earned $6.47 EPS. Research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

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.