Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by Allen Capital Group LLC

Allen Capital Group LLC grew its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) by 24.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,865 shares of the specialty retailer’s stock after acquiring an additional 566 shares during the period. Allen Capital Group LLC’s holdings in Ulta Beauty were worth $1,246,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Paladin Wealth LLC purchased a new stake in shares of Ulta Beauty in the third quarter valued at $32,000. Sunbelt Securities Inc. lifted its position in shares of Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after buying an additional 45 shares during the last quarter. Westside Investment Management Inc. boosted its stake in shares of Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 50 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Ulta Beauty during the 3rd quarter worth about $41,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Ulta Beauty during the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Down 1.1 %

NASDAQ:ULTA opened at $408.81 on Wednesday. The company has a market cap of $18.96 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The business has a 50 day moving average price of $410.50 and a two-hundred day moving average price of $385.57.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the prior year, the firm posted $5.07 earnings per share. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on ULTA. William Blair cut Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. BMO Capital Markets raised their target price on Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, December 6th. JPMorgan Chase & Co. increased their price objective on Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Raymond James dropped their target price on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a research report on Monday, October 14th. Finally, DA Davidson upped their target price on Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $459.22.

Check Out Our Latest Analysis on Ulta Beauty

About Ulta Beauty

(Free Report)

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.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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