International Assets Investment Management LLC Has $1.42 Million Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

International Assets Investment Management LLC decreased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 99.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,313 shares of the specialty retailer’s stock after selling 1,235,256 shares during the quarter. International Assets Investment Management LLC’s holdings in Ulta Beauty were worth $1,422,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ULTA. Paladin Wealth LLC acquired a new stake in Ulta Beauty in the third quarter valued at about $32,000. Sunbelt Securities Inc. lifted its holdings in shares of Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 45 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 50 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Ulta Beauty in the 3rd quarter valued at approximately $41,000. Finally, American National Bank & Trust bought a new stake in shares of Ulta Beauty during the 3rd quarter valued at approximately $44,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

Shares of ULTA opened at $415.14 on Thursday. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The company has a market cap of $19.25 billion, a PE ratio of 16.61, a P/E/G ratio of 2.38 and a beta of 1.28. The stock has a 50-day moving average of $400.28 and a 200-day moving average of $383.64.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $0.69. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.07 earnings per share. Analysts expect that Ulta Beauty, Inc. will post 23.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ULTA. B. Riley raised shares of Ulta Beauty from a “sell” rating to a “neutral” rating and increased their price objective for the company from $330.00 to $430.00 in a research note on Tuesday. Loop Capital raised their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a report on Monday, December 9th. Citigroup boosted their price objective on Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a research report on Tuesday. JPMorgan Chase & Co. increased their target price on Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, UBS Group boosted their price target on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $458.78.

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.