RMR Wealth Builders Sells 2,723 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

RMR Wealth Builders lessened its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 74.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 939 shares of the specialty retailer’s stock after selling 2,723 shares during the quarter. RMR Wealth Builders’ holdings in Ulta Beauty were worth $408,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of Ulta Beauty by 4.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock worth $244,000 after acquiring an additional 28 shares in the last quarter. Brighton Jones LLC increased its stake in Ulta Beauty by 1.8% during the 2nd quarter. Brighton Jones LLC now owns 1,826 shares of the specialty retailer’s stock valued at $705,000 after purchasing an additional 33 shares in the last quarter. Daymark Wealth Partners LLC increased its stake in Ulta Beauty by 3.0% during the 2nd quarter. Daymark Wealth Partners LLC now owns 1,221 shares of the specialty retailer’s stock valued at $471,000 after purchasing an additional 36 shares in the last quarter. Trust Investment Advisors increased its stake in Ulta Beauty by 2.5% during the 2nd quarter. Trust Investment Advisors now owns 1,491 shares of the specialty retailer’s stock valued at $575,000 after purchasing an additional 37 shares in the last quarter. Finally, Global Trust Asset Management LLC increased its stake in Ulta Beauty by 39.6% during the 3rd quarter. Global Trust Asset Management LLC now owns 141 shares of the specialty retailer’s stock valued at $55,000 after purchasing an additional 40 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of NASDAQ ULTA opened at $418.23 on Friday. The company’s fifty day moving average price is $402.01 and its 200 day moving average price is $384.05. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The company has a market capitalization of $19.39 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 2.38 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data 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 business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the firm posted $5.07 earnings per share. On average, equities analysts expect that Ulta Beauty, Inc. will post 23.57 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. TD Cowen upped their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research note on Wednesday. Loop Capital upped their price target 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. 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. UBS Group upped their price target on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company upped their price objective on shares of Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $460.30.

Ulta Beauty Company 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.