Regal Investment Advisors LLC Sells 102 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Regal Investment Advisors LLC lessened its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,900 shares of the specialty retailer’s stock after selling 102 shares during the period. Regal Investment Advisors LLC’s holdings in Ulta Beauty were worth $5,610,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of ULTA. Cornerstone Investment Partners LLC raised its position in shares of Ulta Beauty by 3.9% in the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock worth $289,000 after acquiring an additional 25 shares in the last quarter. RWA Wealth Partners LLC grew its stake in Ulta Beauty by 1.5% during the fourth quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer’s stock worth $812,000 after purchasing an additional 28 shares during the period. Stonegate Investment Group LLC grew its stake in Ulta Beauty by 0.5% during the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock worth $2,881,000 after purchasing an additional 34 shares during the period. Resonant Capital Advisors LLC increased its holdings in Ulta Beauty by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock worth $685,000 after purchasing an additional 34 shares in the last quarter. Finally, Prestige Wealth Management Group LLC lifted its stake in Ulta Beauty by 121.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 34 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insiders Place Their Bets

In other 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 transaction of $332,982.32. Following the completion of the sale, 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 document filed with the SEC, which is available at this hyperlink. Insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on ULTA shares. Stifel Nicolaus dropped their target price on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating on the stock in a research report on Friday, March 14th. B. Riley reduced their target price on Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Oppenheimer upped their price target on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, Bank of America lowered their target price on Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $427.61.

Ulta Beauty Trading Up 1.3 %

Shares of ULTA opened at $366.25 on Tuesday. The stock has a 50 day moving average of $359.24 and a 200 day moving average of $383.03. The company has a market capitalization of $16.59 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 0.89 and a beta of 1.16. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $460.00.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping analysts’ consensus estimates of $7.13 by $1.33. The company had revenue of $3.49 billion for 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%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $8.08 EPS. As a group, equities research analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

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.