Wendell David Associates Inc. Sells 180 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Wendell David Associates Inc. trimmed its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 8.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,065 shares of the specialty retailer’s stock after selling 180 shares during the quarter. Wendell David Associates Inc.’s holdings in Ulta Beauty were worth $898,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Paladin Wealth LLC bought a new stake in shares of Ulta Beauty during the 3rd quarter worth $32,000. Sunbelt Securities Inc. raised its position in 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 period. Westside Investment Management Inc. boosted its stake in Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 50 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Ulta Beauty during the 4th quarter valued at approximately $43,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Ulta Beauty during the 3rd quarter worth approximately $41,000. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

ULTA has been the subject of several research reports. BMO Capital Markets increased their price objective on Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Wells Fargo & Company lifted their price objective on Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a report on Tuesday, January 7th. Bank of America increased their target price on shares of Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Stifel Nicolaus upped their price target on shares of Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a research note on Tuesday, January 7th. Finally, Piper Sandler boosted their target price on shares of Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $459.22.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $418.44 on Thursday. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The company has a fifty day moving average of $405.37 and a 200-day moving average of $385.00. The company has a market capitalization of $19.40 billion, a P/E ratio of 16.74, a P/E/G ratio of 1.01 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.45 by $0.69. The firm 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 revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $5.07 EPS. As a group, analysts forecast that Ulta Beauty, Inc. will post 23.93 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.