Headinvest LLC Has $1.64 Million Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Headinvest LLC increased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 7.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,216 shares of the specialty retailer’s stock after purchasing an additional 298 shares during the quarter. Headinvest LLC’s holdings in Ulta Beauty were worth $1,641,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in shares of Ulta Beauty by 4.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock worth $244,000 after acquiring an additional 28 shares during the period. UMB Bank n.a. raised its position in 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 purchasing an additional 30 shares in the last quarter. AdvisorNet Financial Inc lifted its stake in Ulta Beauty by 5.0% during the second quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer’s stock worth $268,000 after purchasing an additional 33 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Ulta Beauty by 1.0% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 3,495 shares of the specialty retailer’s stock valued at $1,349,000 after purchasing an additional 33 shares in the last quarter. Finally, Mayflower Financial Advisors LLC boosted its holdings in shares of Ulta Beauty by 6.8% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 521 shares of the specialty retailer’s stock valued at $201,000 after purchasing an additional 33 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ULTA has been the subject of several recent analyst reports. Raymond James dropped their price objective on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. UBS Group increased their target price on shares of Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a report on Friday. Oppenheimer lifted their price target on shares of Ulta Beauty from $435.00 to $505.00 and gave the company an “outperform” rating in a report on Friday. Telsey Advisory Group boosted their target price on shares of Ulta Beauty from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Citigroup increased their price target on Ulta Beauty from $390.00 to $450.00 and gave the company a “neutral” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $438.00.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $428.17 on Friday. The company has a market capitalization of $20.18 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 2.30 and a beta of 1.32. The company’s 50-day moving average is $374.15 and its 200 day moving average is $376.64. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.07 EPS. As a group, research analysts predict that Ulta Beauty, Inc. will post 23.07 earnings per share for the current year.

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.