Richard W. Paul & Associates LLC Acquires 82 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Richard W. Paul & Associates LLC boosted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,856 shares of the specialty retailer’s stock after buying an additional 82 shares during the period. Richard W. Paul & Associates LLC’s holdings in Ulta Beauty were worth $1,242,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Sunbelt Securities Inc. lifted its stake 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 valued at $32,000 after buying an additional 45 shares during the period. Westside Investment Management Inc. grew its holdings 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 purchasing an additional 50 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Ulta Beauty during the fourth quarter valued at approximately $43,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Ulta Beauty in the fourth quarter valued at $43,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Ulta Beauty in the third quarter worth $41,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Oppenheimer lifted their target price on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Barclays upped their price target on Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a research report on Thursday, January 9th. Canaccord Genuity Group upped their target price on shares of Ulta Beauty from $500.00 to $538.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. TD Cowen lifted their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Finally, Loop Capital upped their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Ulta Beauty has a consensus rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Stock Up 0.2 %

Shares of Ulta Beauty stock opened at $366.36 on Friday. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The business has a fifty day simple moving average of $403.04 and a 200 day simple moving average of $388.12. The stock has a market cap of $16.99 billion, a PE ratio of 14.66, a price-to-earnings-growth ratio of 0.89 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business earned $5.07 earnings per share. Analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

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.