Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC cut its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 11.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 525 shares of the specialty retailer’s stock after selling 65 shares during the period. Pzena Investment Management LLC’s holdings in Ulta Beauty were worth $228,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its position in shares of Ulta Beauty by 118.4% during 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 in the last quarter. Westside Investment Management Inc. lifted its stake in 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 acquiring an additional 50 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in Ulta Beauty during the 4th quarter worth approximately $43,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Ulta Beauty in the 4th quarter valued at approximately $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Ulta Beauty in the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Wells Fargo & Company increased their price objective on Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a report on Tuesday, January 7th. DA Davidson boosted their target price on Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. B. Riley upgraded shares of Ulta Beauty from a “sell” rating to a “neutral” rating and increased their price target for the company from $330.00 to $430.00 in a research note on Tuesday, January 7th. Finally, Canaccord Genuity Group boosted their price objective on shares of Ulta Beauty from $500.00 to $538.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Ulta Beauty has a consensus rating of “Hold” and an average price target of $459.22.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA opened at $342.72 on Wednesday. The company has a market cap of $15.89 billion, a PE ratio of 13.71, a P/E/G ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The stock has a fifty day moving average price of $390.90 and a 200 day moving average price of $387.73.

Ulta Beauty 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.