RMR Wealth Builders Reduces Stake in Ulta Beauty, Inc.

RMR Wealth Builders has significantly decreased its investment in Ulta Beauty, Inc. (NASDAQ:ULTA) by 74.4% during the fourth quarter, as reported in the company's latest 13F filing with the SEC. Following this sale, the fund currently holds 939 shares of the cosmetics retailer, having sold 2,723 shares during the specified period. According to the recent filing, RMR Wealth Builders' total holdings in Ulta Beauty amounted to approximately $408,000.

Alongside RMR Wealth Builders, several other institutional investors and hedge funds have also made adjustments to their positions in Ulta Beauty. For instance, International Assets Investment Management LLC substantially increased its holdings by a staggering 180,713.0% in the third quarter. This firm now possesses 1,238,569 shares of Ulta Beauty, valued at around $481,952,000, after acquiring an impressive 1,237,884 shares last quarter.

Additionally, the Ontario Teachers Pension Plan Board entered a new investment in Ulta Beauty, valued at approximately $359,480,000. Holocene Advisors LP also made significant investments, increasing its stake by 3,246.2% during the third quarter. Now, Holocene Advisors owns 346,262 shares worth around $134,737,000 after purchasing an additional 335,914 shares in the last quarter.

The trend of increasing investments continues with Atreides Management LP, which also purchased a new stake in Ulta Beauty valued at about $73,069,000. Furthermore, Hsbc Holdings PLC raised its holdings in Ulta Beauty by 87.3% in the preceding quarter, thereby owning 337,882 shares estimated at $130,380,000. Currently, institutional investors collectively own around 90.39% of Ulta Beauty stock.

Ulta Beauty Stock Overview

As of Friday, NASDAQ:ULTA opened at $418.23. The company's stock has fluctuated, with a one-year low of $318.17 and a one-year high of $574.76. Ulta Beauty holds a market capitalization of $19.39 billion, with a P/E ratio of 16.74, a P/E/G ratio of 2.38, and a beta of 1.28. Additionally, it has a 50-day simple moving average of $402.01 and a 200-day simple moving average of $384.05.

Ulta Beauty's last quarterly earnings report was disclosed on December 5, where it reported earnings of $5.14 per share, surpassing analysts' expectations of $4.45 by $0.69. The company posted a net margin of 10.58% with a return on equity of 51.95%. Its revenue reached $2.53 billion, which outpaced the estimated figure of $2.50 billion. This represents a 1.7% increase in revenue compared to the same quarter the previous year. Looking ahead, analysts predict an average EPS of 23.57 for the current fiscal year.

Price Targets and Analyst Ratings

Recent analysis of ULTA shares revealed mixed evaluations. StockNews.com upgraded its rating from "sell" to "hold". The Telsey Advisory Group maintained an "outperform" rating with a target price of $500.00. Conversely, Deutsche Bank reduced its price target from $426.00 to $424.00, simultaneously assigning a "buy" rating. Piper Sandler also adjusted its target price upward from $390.00 to $394.00, while giving the stock a "neutral" rating.

Investors should also note that Stifel Nicolaus raised its price target from $455.00 to $475.00, maintaining a "hold" rating. Overall, one research analyst categorized Ulta Beauty with a "sell" rating, thirteen analysts gave it a "hold" rating, and eleven rated it as a "buy", leading to a consensus rating of "Hold" with an average target price set at $460.30.

Overview of Ulta Beauty, Inc.

Ulta Beauty, Inc. operates as a leading specialty beauty retailer in the U.S., offering a variety of branded and private label beauty products. Its merchandise includes cosmetics, perfumes, hair and skincare products, as well as salon tools. Customers can purchase products through Ulta Beauty stores, shop-in-shops, the Ulta.com website, and mobile applications.

RMR, Ulta, Stocks