Perigon Wealth Management LLC Sells 48 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Perigon Wealth Management LLC trimmed its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 8.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 496 shares of the specialty retailer’s stock after selling 48 shares during the period. Perigon Wealth Management LLC’s holdings in Ulta Beauty were worth $205,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ULTA. Paladin Wealth LLC acquired a new stake in shares of Ulta Beauty during the 3rd quarter worth approximately $32,000. Sunbelt Securities Inc. boosted its position in Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 45 shares during the last quarter. Westside Investment Management Inc. boosted its position in Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 50 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Ulta Beauty during the third quarter worth $41,000. Finally, Future Financial Wealth Managment LLC bought a new position in Ulta Beauty during the fourth quarter worth about $43,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on ULTA. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Raymond James cut their price target on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Monday, October 14th. Barclays upped their price target on Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a research report on Thursday, January 9th. BMO Capital Markets upped their target price on Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Finally, Oppenheimer lifted their price objective 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. 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 MarketBeat, Ulta Beauty presently has a consensus rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $408.14 on Tuesday. The stock has a market capitalization of $18.93 billion, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 0.98 and a beta of 1.28. The business’s 50 day simple moving average is $414.93 and its two-hundred day simple moving average is $385.83. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76.

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