Commonwealth Equity Services LLC Has $9.27 Million Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Commonwealth Equity Services LLC cut its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,302 shares of the specialty retailer’s stock after selling 1,084 shares during the period. Commonwealth Equity Services LLC’s holdings in Ulta Beauty were worth $9,265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its position in shares of Ulta Beauty by 382.5% during the third quarter. Thrivent Financial for Lutherans now owns 10,698 shares of the specialty retailer’s stock worth $4,163,000 after buying an additional 8,481 shares during the period. MAI Capital Management boosted its position in Ulta Beauty by 1.7% during the 3rd quarter. MAI Capital Management now owns 5,586 shares of the specialty retailer’s stock worth $2,174,000 after acquiring an additional 93 shares during the last quarter. Quest Partners LLC grew its stake in shares of Ulta Beauty by 22.3% during the 3rd quarter. Quest Partners LLC now owns 1,197 shares of the specialty retailer’s stock worth $466,000 after acquiring an additional 218 shares in the last quarter. Pathstone Holdings LLC raised its holdings in shares of Ulta Beauty by 16.0% in the third quarter. Pathstone Holdings LLC now owns 5,581 shares of the specialty retailer’s stock valued at $2,172,000 after purchasing an additional 768 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Ulta Beauty in the third quarter worth $1,339,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of ULTA opened at $343.72 on Thursday. The stock has a market capitalization of $15.94 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $532.70. The stock has a fifty day moving average of $380.41 and a 200-day moving average of $386.50.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, beating analysts’ consensus estimates of $7.13 by $1.33. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period last year, the firm posted $8.08 earnings per share. As a group, equities analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Analysts Set New Price Targets

ULTA has been the subject of a number of analyst reports. Bank of America lowered their price target on Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Barclays dropped their price target on shares of Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating on the stock in a research report on Friday, March 14th. Morgan Stanley decreased their price objective on shares of Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Piper Sandler dropped their target price on shares of Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Finally, BMO Capital Markets reduced their price target on Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating for the company in a report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $427.13.

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.