Invesco LLC Has $221,000 Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Invesco LLC lessened its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 13.0% during the 4th quarter, Holdings Channel reports. The firm owned 508 shares of the specialty retailer’s stock after selling 76 shares during the period. Invesco LLC’s holdings in Ulta Beauty were worth $221,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ULTA. Allen Capital Group LLC grew its holdings in Ulta Beauty by 24.6% during the 4th quarter. Allen Capital Group LLC now owns 2,865 shares of the specialty retailer’s stock worth $1,246,000 after acquiring an additional 566 shares during the period. Diversified Investment Strategies LLC bought a new position in shares of Ulta Beauty in the 4th quarter worth $237,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Ulta Beauty by 2.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 8,548 shares of the specialty retailer’s stock worth $3,718,000 after purchasing an additional 185 shares during the period. Bensler LLC increased its holdings in Ulta Beauty by 4.9% in the fourth quarter. Bensler LLC now owns 20,194 shares of the specialty retailer’s stock valued at $8,783,000 after purchasing an additional 946 shares during the last quarter. Finally, Stonegate Investment Group LLC lifted its stake in Ulta Beauty by 0.5% in the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock valued at $2,881,000 after buying an additional 34 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ULTA. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Loop Capital upped their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Telsey Advisory Group reiterated an “outperform” rating and issued a $500.00 target price on shares of Ulta Beauty in a report on Tuesday, January 7th. Wells Fargo & Company boosted their price target on shares of Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a report on Tuesday, January 7th. Finally, Barclays raised their price objective on Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 9th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $459.22.

Ulta Beauty Stock Performance

Shares of NASDAQ ULTA traded down $2.20 during trading hours on Wednesday, reaching $411.04. 102,267 shares of the stock were exchanged, compared to its average volume of 775,706. The stock’s fifty day simple moving average is $410.50 and its 200 day simple moving average is $385.57. The firm has a market capitalization of $19.06 billion, a price-to-earnings ratio of 16.45, a P/E/G ratio of 1.00 and a beta of 1.28. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the firm earned $5.07 earnings per share. The company’s revenue was up 1.7% on a year-over-year basis. Research analysts predict that Ulta Beauty, Inc. will post 23.96 EPS 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.