Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Bath Savings Trust Co

Bath Savings Trust Co lessened its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 11.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,627 shares of the specialty retailer’s stock after selling 465 shares during the quarter. Bath Savings Trust Co’s holdings in Ulta Beauty were worth $1,577,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ULTA. Nordea Investment Management AB lifted its holdings in Ulta Beauty by 14.0% in the 4th quarter. Nordea Investment Management AB now owns 32,031 shares of the specialty retailer’s stock worth $14,015,000 after buying an additional 3,935 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Ulta Beauty by 170.4% in the 4th quarter. GAMMA Investing LLC now owns 1,141 shares of the specialty retailer’s stock valued at $496,000 after purchasing an additional 719 shares in the last quarter. Synovus Financial Corp boosted its stake in shares of Ulta Beauty by 5.2% during the 3rd quarter. Synovus Financial Corp now owns 2,556 shares of the specialty retailer’s stock valued at $995,000 after buying an additional 126 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of Ulta Beauty during the third quarter worth approximately $212,000. Finally, Pine Valley Investments Ltd Liability Co increased its stake in shares of Ulta Beauty by 12.4% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 9,589 shares of the specialty retailer’s stock worth $3,731,000 after buying an additional 1,057 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

ULTA stock traded down $0.44 during midday trading on Tuesday, reaching $430.86. 1,188,488 shares of the stock were exchanged, compared to its average volume of 771,703. The company has a fifty day moving average price of $398.53 and a 200 day moving average price of $383.10. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The stock has a market capitalization of $19.98 billion, a PE ratio of 17.24, a P/E/G ratio of 2.38 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The firm 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 for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.07 EPS. As a group, analysts anticipate that Ulta Beauty, Inc. will post 23.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ULTA. BMO Capital Markets raised their price objective on shares of Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. JPMorgan Chase & Co. boosted their price objective on Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Piper Sandler increased their target price on Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a report on Monday. Oppenheimer boosted their price target on Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Canaccord Genuity Group raised their price objective on Ulta Beauty from $442.00 to $476.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $451.43.

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.