Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by Processus Wealth & Capital Management LLC

Processus Wealth & Capital Management LLC grew its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,628 shares of the specialty retailer’s stock after purchasing an additional 119 shares during the period. Ulta Beauty makes up 1.3% of Processus Wealth & Capital Management LLC’s holdings, making the stock its 28th largest position. Processus Wealth & Capital Management LLC’s holdings in Ulta Beauty were worth $1,578,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in shares of Ulta Beauty by 4.7% in the third quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock valued at $244,000 after buying an additional 28 shares in the last quarter. Stonegate Investment Group LLC grew its stake in shares of Ulta Beauty by 0.5% in the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock valued at $2,881,000 after buying an additional 34 shares in the last quarter. Resonant Capital Advisors LLC grew its stake in shares of Ulta Beauty by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock valued at $685,000 after buying an additional 34 shares in the last quarter. Clear Creek Financial Management LLC grew its stake in Ulta Beauty by 4.4% during the 4th quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock worth $362,000 after purchasing an additional 35 shares in the last quarter. Finally, Hedeker Wealth LLC grew its stake in Ulta Beauty by 0.5% during the 4th quarter. Hedeker Wealth LLC now owns 7,010 shares of the specialty retailer’s stock worth $3,049,000 after purchasing an additional 38 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ULTA has been the subject of several analyst reports. TD Cowen boosted their target price on Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Loop Capital upped their target price on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Stifel Nicolaus increased their price objective on Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. William Blair downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. Finally, Citigroup increased their target price on Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $363.89 on Tuesday. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The firm has a market capitalization of $16.87 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 0.89 and a beta of 1.28. The business’s 50-day moving average is $407.66 and its two-hundred day moving average is $387.80.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share 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 analyst estimates of $2.50 billion. During the same period in the previous year, the company earned $5.07 earnings per share. Ulta Beauty’s quarterly revenue was up 1.7% on a year-over-year basis. Equities analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS 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.