RNC Capital Management LLC Sells 5,825 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

RNC Capital Management LLC decreased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 45.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,111 shares of the specialty retailer’s stock after selling 5,825 shares during the period. RNC Capital Management LLC’s holdings in Ulta Beauty were worth $3,093,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Paladin Wealth LLC bought a new position in shares of Ulta Beauty during the third quarter valued at approximately $32,000. Sunbelt Securities Inc. grew its stake 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 valued at $32,000 after buying an additional 45 shares during the last quarter. Westside Investment Management Inc. grew its stake 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 valued at $32,000 after buying an additional 50 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Ulta Beauty during the fourth quarter valued at approximately $43,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Ulta Beauty during the third quarter valued at approximately $41,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of ULTA opened at $401.60 on Friday. The business’s 50-day moving average is $417.52 and its two-hundred day moving average is $386.23. The company has a market capitalization of $18.62 billion, a P/E ratio of 16.07, a P/E/G ratio of 0.98 and a beta of 1.28. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly 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 company had revenue of $2.53 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $5.07 EPS. Analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Wells Fargo & Company boosted their price target on Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a report on Tuesday, January 7th. B. Riley upgraded Ulta Beauty from a “sell” rating to a “neutral” rating and boosted their price target for the company from $330.00 to $430.00 in a report on Tuesday, January 7th. TD Cowen boosted their price target on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Finally, Loop Capital boosted their price target on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Ulta Beauty presently has an average rating of “Hold” and an average price target of $459.22.

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.