Hartford Investment Management Co. Sells 65 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Hartford Investment Management Co. reduced its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,000 shares of the specialty retailer’s stock after selling 65 shares during the quarter. Hartford Investment Management Co.’s holdings in Ulta Beauty were worth $1,167,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ULTA. Greenleaf Trust boosted its stake in shares of Ulta Beauty by 258.2% in the 3rd quarter. Greenleaf Trust now owns 3,629 shares of the specialty retailer’s stock valued at $1,412,000 after purchasing an additional 2,616 shares in the last quarter. Lecap Asset Management Ltd. acquired a new stake in Ulta Beauty in the third quarter valued at approximately $691,000. Liberty Capital Management Inc. grew its stake in shares of Ulta Beauty by 1.3% during the third quarter. Liberty Capital Management Inc. now owns 9,323 shares of the specialty retailer’s stock worth $3,628,000 after buying an additional 116 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Ulta Beauty by 14.5% during the third quarter. Private Advisor Group LLC now owns 11,473 shares of the specialty retailer’s stock worth $4,464,000 after buying an additional 1,451 shares in the last quarter. Finally, Tempus Wealth Planning LLC bought a new position in shares of Ulta Beauty in the 3rd quarter valued at $370,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

Shares of ULTA opened at $373.30 on Friday. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The company has a market cap of $17.59 billion, a PE ratio of 14.98, a P/E/G ratio of 2.10 and a beta of 1.32. The stock has a 50-day moving average of $376.34 and a 200-day moving average of $384.65.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the previous year, the company posted $6.02 EPS. The firm’s revenue was up .9% on a year-over-year basis. Analysts expect that Ulta Beauty, Inc. will post 23.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ULTA has been the topic of a number of research reports. Piper Sandler boosted their price objective on Ulta Beauty from $356.00 to $357.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Bank of America lowered their price objective on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Loop Capital cut their target price on shares of Ulta Beauty from $520.00 to $450.00 and set a “buy” rating on the stock in a research report on Tuesday, September 3rd. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Saturday, September 28th. Finally, Stifel Nicolaus lifted their price target on shares of Ulta Beauty from $385.00 to $395.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $420.71.

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.