Berkshire Hathaway Inc Has $9.42 Million Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Berkshire Hathaway Inc reduced its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 96.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,203 shares of the specialty retailer’s stock after selling 665,903 shares during the period. Berkshire Hathaway Inc owned 0.05% of Ulta Beauty worth $9,418,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ULTA. Sage Capital Advisors llc lifted its position in shares of Ulta Beauty by 5.4% during the 2nd quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock worth $203,000 after purchasing an additional 27 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Ulta Beauty by 4.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock valued at $244,000 after purchasing an additional 28 shares during the period. UMB Bank n.a. raised its position in shares of Ulta Beauty by 83.3% during the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 30 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in shares of Ulta Beauty by 5.0% in the second quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer’s stock valued at $268,000 after buying an additional 33 shares during the period. Finally, Nations Financial Group Inc. IA ADV increased its stake in Ulta Beauty by 1.0% during the second quarter. Nations Financial Group Inc. IA ADV now owns 3,495 shares of the specialty retailer’s stock valued at $1,349,000 after acquiring an additional 33 shares during the period. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock opened at $386.64 on Monday. The firm has a market cap of $18.22 billion, a PE ratio of 15.52, a P/E/G ratio of 2.22 and a beta of 1.33. The business’s 50 day simple moving average is $374.12 and its 200 day simple moving average is $376.18. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 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 business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the previous year, the company posted $6.02 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, equities research analysts predict that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

Analyst Ratings Changes

ULTA has been the topic of several recent research reports. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a report on Saturday, September 28th. B. Riley initiated coverage on shares of Ulta Beauty in a research report on Tuesday, September 10th. They set a “sell” rating and a $300.00 target price on the stock. Oppenheimer reissued an “outperform” rating and issued a $435.00 price target on shares of Ulta Beauty in a research report on Wednesday, October 16th. JPMorgan Chase & Co. upped their price target on Ulta Beauty from $450.00 to $472.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Loop Capital lowered their target price on shares of Ulta Beauty from $520.00 to $450.00 and set a “buy” rating on the stock in a report on Tuesday, September 3rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $422.58.

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.