Focus Partners Wealth Sells 697 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Focus Partners Wealth decreased its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 38.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,129 shares of the specialty retailer’s stock after selling 697 shares during the quarter. Focus Partners Wealth’s holdings in Ulta Beauty were worth $491,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cornerstone Investment Partners LLC boosted its position in shares of Ulta Beauty by 3.9% during the fourth quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock worth $289,000 after acquiring an additional 25 shares during the last quarter. RWA Wealth Partners LLC lifted its position 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 valued at $812,000 after purchasing an additional 28 shares during the last quarter. Lido Advisors LLC lifted its position in Ulta Beauty by 5.0% during the fourth quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer’s stock valued at $272,000 after purchasing an additional 30 shares during the last quarter. Colonial Trust Co SC lifted its position in Ulta Beauty by 36.9% during the fourth quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer’s stock valued at $50,000 after purchasing an additional 31 shares during the last quarter. Finally, Stonegate Investment Group LLC lifted its position 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 valued at $2,881,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Activity at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of the business’s stock in a transaction 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 sale, the insider now owns 7,632 shares of the company’s stock, valued at approximately $2,817,429.12. The trade was a 10.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Truist Financial increased their price objective on shares of Ulta Beauty from $364.00 to $386.00 and gave the company a “neutral” rating in a research report on Thursday, May 15th. Morgan Stanley lowered their price objective on shares of Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Citigroup upgraded shares of Ulta Beauty from a “neutral” rating to a “positive” rating in a research report on Wednesday, May 14th. Finally, Bank of America lowered their target price on shares of Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating for the company in a report on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $424.00.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $414.40 on Wednesday. The company has a market capitalization of $18.71 billion, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06. The company’s 50-day simple moving average is $374.13 and its two-hundred day simple moving average is $386.06. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $460.00.

Ulta Beauty (NASDAQ:ULTA) last posted its 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 business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 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 down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $8.08 EPS. Equities analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share 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.