Ghe LLC Has $1.77 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Ghe LLC lifted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 17.9% during the 4th quarter, Holdings Channel reports. The firm owned 4,076 shares of the specialty retailer’s stock after purchasing an additional 620 shares during the quarter. Ghe LLC’s holdings in Ulta Beauty were worth $1,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of ULTA. Sunbelt Securities Inc. boosted its holdings in Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 45 shares during the period. Westside Investment Management Inc. boosted its holdings in Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 50 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Ulta Beauty in the 3rd quarter valued at about $41,000. Future Financial Wealth Managment LLC bought a new stake in Ulta Beauty in the 4th quarter valued at about $43,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in Ulta Beauty in the 4th quarter valued at about $43,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Stock Down 1.4 %

Shares of NASDAQ:ULTA opened at $361.54 on Monday. The business has a fifty day moving average of $408.88 and a two-hundred day moving average of $387.54. The stock has a market cap of $16.77 billion, a P/E ratio of 14.47, a PEG ratio of 0.89 and a beta of 1.28. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business 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 business posted $5.07 EPS. The company’s revenue was up 1.7% compared to the same quarter last year. On average, equities analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on ULTA shares. Wells Fargo & Company upped their price target on shares of Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a report on Tuesday, January 7th. UBS Group upped their price target on shares of Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Citigroup upped their price target on shares of Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. upped their price target on shares of Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. One equities 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 company. According to data from MarketBeat, Ulta Beauty presently has a consensus rating of “Hold” and an average target price of $459.22.

Ulta Beauty Company 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.