Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC decreased its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 19.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105 shares of the specialty retailer’s stock after selling 25 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Ulta Beauty were worth $46,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Advisory Alpha LLC acquired a new position in Ulta Beauty during the fourth quarter worth about $215,000. Simon Quick Advisors LLC acquired a new position in shares of Ulta Beauty during the 4th quarter worth approximately $203,000. Octavia Wealth Advisors LLC grew its position in shares of Ulta Beauty by 43.8% in the fourth quarter. Octavia Wealth Advisors LLC now owns 837 shares of the specialty retailer’s stock valued at $364,000 after purchasing an additional 255 shares in the last quarter. Chesley Taft & Associates LLC acquired a new stake in shares of Ulta Beauty in the fourth quarter valued at approximately $208,000. Finally, Crossmark Global Holdings Inc. lifted its position in Ulta Beauty by 53.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 2,196 shares of the specialty retailer’s stock worth $955,000 after buying an additional 764 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Trading Down 0.2 %

Shares of ULTA stock opened at $417.83 on Friday. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The company has a market cap of $19.37 billion, a P/E ratio of 16.72, a PEG ratio of 1.00 and a beta of 1.28. The firm has a fifty day moving average price of $407.85 and a 200 day moving average price of $385.62.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share 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 business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the company earned $5.07 EPS. On average, equities analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Stifel Nicolaus raised their target price on Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. Oppenheimer lifted their target price on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Citigroup increased their price target on shares of Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Piper Sandler raised their price target on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Finally, Wells Fargo & Company increased their price objective on Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $459.22.

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.