Newbridge Financial Services Group Inc. Sells 1,094 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Newbridge Financial Services Group Inc. trimmed its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 91.5% in the 4th quarter, Holdings Channel reports. The firm owned 101 shares of the specialty retailer’s stock after selling 1,094 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Ulta Beauty were worth $44,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Jensen Investment Management Inc. raised its holdings in shares of Ulta Beauty by 17.9% during the third quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock valued at $4,409,000 after purchasing an additional 1,720 shares during the last quarter. Versor Investments LP purchased a new position in shares of Ulta Beauty during the third quarter valued at approximately $793,000. Stephens Inc. AR raised its holdings in shares of Ulta Beauty by 31.0% during the third quarter. Stephens Inc. AR now owns 16,014 shares of the specialty retailer’s stock valued at $6,231,000 after purchasing an additional 3,791 shares during the last quarter. Chase Investment Counsel Corp raised its holdings in shares of Ulta Beauty by 100.0% during the third quarter. Chase Investment Counsel Corp now owns 4,000 shares of the specialty retailer’s stock valued at $1,556,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Integrated Investment Consultants LLC purchased a new stake in Ulta Beauty during the third quarter valued at approximately $4,480,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $374.53 on Wednesday. The firm has a fifty day moving average price of $417.45 and a 200 day moving average price of $386.41. 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 cap of $17.37 billion, a price-to-earnings ratio of 14.99, a P/E/G ratio of 0.96 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last issued 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 net margin of 10.58% and a return on equity of 51.95%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the business earned $5.07 earnings per share. Ulta Beauty’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, research analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on ULTA. 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 report on Monday, December 9th. DA Davidson upped their target price on shares of Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a report on Friday, December 6th. UBS Group upped their target price on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a report on Friday, December 6th. TD Cowen upped their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Finally, StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $459.22.

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.