CX Institutional Decreases Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

CX Institutional trimmed its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 23.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 678 shares of the specialty retailer’s stock after selling 205 shares during the quarter. CX Institutional’s holdings in Ulta Beauty were worth $295,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Paladin Wealth LLC purchased a new position in shares of Ulta Beauty in the third quarter worth $32,000. Sunbelt Securities Inc. increased its stake in shares of Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after buying an additional 45 shares during the period. Westside Investment Management Inc. increased its stake in shares of Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after buying an additional 50 shares during the period. Future Financial Wealth Managment LLC bought a new stake in Ulta Beauty in the fourth quarter valued at $43,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Ulta Beauty in the third quarter valued at $41,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on ULTA. JPMorgan Chase & Co. lifted their price target on shares of Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Barclays lifted their price target on shares of Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a report on Thursday, January 9th. Raymond James cut their price target on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Monday, October 14th. Oppenheimer lifted their price target on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, Canaccord Genuity Group lifted their price target on shares of Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $459.22.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $417.83 on Monday. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The business has a 50-day simple moving average of $407.85 and a two-hundred day simple moving average of $385.55. The firm has a market cap of $19.37 billion, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the firm earned $5.07 EPS. Ulta Beauty’s revenue was up 1.7% on a year-over-year basis. As a group, 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.