Legal Advantage Investments Inc. Reduces Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Legal Advantage Investments Inc. trimmed its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,730 shares of the specialty retailer’s stock after selling 125 shares during the quarter. Legal Advantage Investments Inc.’s holdings in Ulta Beauty were worth $1,622,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Paladin Wealth LLC purchased a new stake in shares of Ulta Beauty during the third quarter worth about $32,000. Sunbelt Securities Inc. increased its position in shares of Ulta Beauty by 118.4% during 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. increased its position in shares of Ulta Beauty by 151.5% during 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. Future Financial Wealth Managment LLC acquired a new position in Ulta Beauty in the fourth quarter worth about $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Ulta Beauty in the third quarter worth about $41,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $405.01 on Tuesday. The stock has a market capitalization of $18.78 billion, a P/E ratio of 16.21, a P/E/G ratio of 0.97 and a beta of 1.28. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The business’s fifty day moving average is $404.03 and its two-hundred day moving average is $384.67.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.69. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm’s 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. On average, research analysts forecast that Ulta Beauty, Inc. will post 23.93 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on ULTA shares. Loop Capital lifted their price target on Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. BMO Capital Markets lifted their price target on Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Wells Fargo & Company lifted their price target on Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 7th. Raymond James decreased their target price on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. Finally, Oppenheimer lifted their target price on Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $460.30.

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.