MGO One Seven LLC Has $430,000 Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

MGO One Seven LLC cut its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 35.4% during the 4th quarter, Holdings Channel reports. The firm owned 989 shares of the specialty retailer’s stock after selling 543 shares during the quarter. MGO One Seven LLC’s holdings in Ulta Beauty were worth $430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Prestige Wealth Management Group LLC increased its position in Ulta Beauty by 121.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock worth $27,000 after buying an additional 34 shares during the last quarter. Westside Investment Management Inc. boosted its stake in shares of Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 50 shares during the period. Edge Capital Group LLC bought a new stake in Ulta Beauty in the 4th quarter valued at $33,000. Future Financial Wealth Managment LLC acquired a new stake in Ulta Beauty during the 4th quarter valued at $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in Ulta Beauty during the 4th quarter valued at $43,000. 90.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ULTA shares. B. Riley dropped their price objective on shares of Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Bank of America lowered their price target on shares of Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. The Goldman Sachs Group raised Ulta Beauty from a “neutral” rating to a “buy” rating and upped their target price for the company from $384.00 to $423.00 in a research report on Tuesday, April 1st. Finally, Oppenheimer lifted their price target on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $427.61.

Insider Activity

In related news, insider Jodi J. Caro sold 902 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the completion of the transaction, the insider now owns 7,632 shares in the company, valued at $2,817,429.12. This trade represents a 10.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.39% of the company’s stock.

Ulta Beauty Price Performance

ULTA stock opened at $383.67 on Monday. The stock has a market cap of $17.38 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 0.89 and a beta of 1.16. The company has a 50 day simple moving average of $358.34 and a 200 day simple moving average of $382.79. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $460.00.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, beating analysts’ consensus estimates of $7.13 by $1.33. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $8.08 EPS. On average, equities research analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

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.