Mendota Financial Group LLC Sells 120 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Mendota Financial Group LLC lessened its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 25.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 351 shares of the specialty retailer’s stock after selling 120 shares during the period. Mendota Financial Group LLC’s holdings in Ulta Beauty were worth $153,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Paladin Wealth LLC acquired a new position in shares of Ulta Beauty in the 3rd quarter valued at $32,000. Sunbelt Securities Inc. boosted its holdings in 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 purchasing an additional 45 shares in the last quarter. Westside Investment Management Inc. grew its stake in shares of Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 50 shares during the period. Future Financial Wealth Managment LLC acquired a new position in shares of Ulta Beauty in the 4th quarter worth approximately $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Ulta Beauty in the 3rd quarter worth approximately $41,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA opened at $403.94 on Tuesday. The company’s 50 day simple moving average is $402.41 and its 200 day simple moving average is $384.13. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The firm has a market capitalization of $18.73 billion, a P/E ratio of 16.16, a P/E/G ratio of 2.38 and a beta of 1.28.

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, topping the consensus estimate of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the company earned $5.07 EPS. The firm’s revenue was up 1.7% on a year-over-year basis. Sell-side analysts expect that Ulta Beauty, Inc. will post 23.57 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on ULTA shares. BMO Capital Markets upped their price target on Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Oppenheimer lifted their price target on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Bank of America boosted their price target on shares of Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Finally, Loop Capital raised their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.