Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co lowered its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 12.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,355 shares of the specialty retailer’s stock after selling 1,234 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Ulta Beauty were worth $3,634,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Impax Asset Management Group plc raised its stake in Ulta Beauty by 10.3% during the fourth quarter. Impax Asset Management Group plc now owns 103,056 shares of the specialty retailer’s stock valued at $44,822,000 after buying an additional 9,637 shares in the last quarter. Edge Capital Group LLC bought a new position in shares of Ulta Beauty during the fourth quarter valued at approximately $33,000. GHE LLC grew its holdings in shares of Ulta Beauty by 17.9% during the fourth quarter. GHE LLC now owns 4,076 shares of the specialty retailer’s stock valued at $1,773,000 after purchasing an additional 620 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Ulta Beauty by 6.5% during the fourth quarter. IFP Advisors Inc now owns 3,481 shares of the specialty retailer’s stock valued at $1,514,000 after purchasing an additional 213 shares during the last quarter. Finally, Winebrenner Capital Management LLC bought a new position in shares of Ulta Beauty during the fourth quarter valued at approximately $870,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a report on Tuesday, January 7th. B. Riley raised Ulta Beauty from a “sell” rating to a “neutral” rating and upped their target price for the company from $330.00 to $430.00 in a report on Tuesday, January 7th. DA Davidson upped their target price on Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a report on Friday, December 6th. Bank of America upped their target price on Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Barclays increased their price objective on Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Price Performance

ULTA opened at $363.89 on Tuesday. The company has a market capitalization of $16.87 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 0.89 and a beta of 1.28. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The business has a 50 day moving average price of $407.66 and a two-hundred day moving average price of $387.80.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating 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 company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the firm earned $5.07 EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. Equities analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal 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.