Valley Wealth Managers Inc. Has $374,000 Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Valley Wealth Managers Inc. reduced its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 18.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 861 shares of the specialty retailer’s stock after selling 200 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Ulta Beauty were worth $374,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ULTA. Venturi Wealth Management LLC lifted its position in shares of Ulta Beauty by 94.1% in the 4th quarter. Venturi Wealth Management LLC now owns 165 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 80 shares during the period. Evergreen Wealth Management LLC raised its stake in Ulta Beauty by 5.1% during the fourth quarter. Evergreen Wealth Management LLC now owns 2,170 shares of the specialty retailer’s stock worth $944,000 after buying an additional 106 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in Ulta Beauty by 7.8% in the fourth quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer’s stock valued at $1,663,000 after buying an additional 288 shares during the period. Allworth Financial LP boosted its position in Ulta Beauty by 55.1% during the fourth quarter. Allworth Financial LP now owns 214 shares of the specialty retailer’s stock valued at $90,000 after acquiring an additional 76 shares during the last quarter. Finally, Lodestone Wealth Management LLC acquired a new stake in Ulta Beauty during the 4th quarter worth about $652,000. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ULTA has been the topic of a number of recent analyst reports. Bank of America boosted their price objective on Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Stifel Nicolaus increased their price target on Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. DA Davidson lifted their price objective on shares of Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, December 6th. William Blair downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. raised their price target on shares of Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ulta Beauty currently has a consensus rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Price Performance

ULTA opened at $368.75 on Wednesday. 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 $17.10 billion, a P/E ratio of 14.76, a PEG ratio of 0.88 and a beta of 1.28. The company’s 50-day moving average is $413.54 and its 200 day moving average is $386.55.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping the consensus estimate of $4.45 by $0.69. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $5.07 EPS. On average, equities research analysts expect that Ulta Beauty, Inc. will post 23.97 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.