Ulta Beauty, Inc. (NASDAQ:ULTA) Stock Holdings Lifted by Armstrong Advisory Group Inc.

Armstrong Advisory Group Inc. increased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 77.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206 shares of the specialty retailer’s stock after acquiring an additional 90 shares during the quarter. Armstrong Advisory Group Inc.’s holdings in Ulta Beauty were worth $90,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in shares of Ulta Beauty in the second quarter valued at $525,000. American Century Companies Inc. raised its position in Ulta Beauty by 6.4% during the second quarter. American Century Companies Inc. now owns 73,601 shares of the specialty retailer’s stock valued at $28,400,000 after buying an additional 4,436 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in Ulta Beauty by 5.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,779 shares of the specialty retailer’s stock worth $1,458,000 after acquiring an additional 181 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Ulta Beauty by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 422,801 shares of the specialty retailer’s stock worth $163,149,000 after acquiring an additional 24,822 shares during the period. Finally, Amalgamated Bank grew its stake in Ulta Beauty by 17.4% during the 2nd quarter. Amalgamated Bank now owns 12,429 shares of the specialty retailer’s stock valued at $4,796,000 after acquiring an additional 1,842 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $500.00 price target on shares of Ulta Beauty in a research report on Tuesday, January 7th. BMO Capital Markets lifted their target price on shares of Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Oppenheimer upped their price target on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company upped their target price on Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $460.30.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $413.33 on Friday. The stock’s 50-day moving average is $403.23 and its 200-day moving average is $384.42. The company has a market cap of $19.17 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.00 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 earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the firm posted $5.07 EPS. The company’s revenue was up 1.7% on a year-over-year basis. As a group, equities analysts predict that Ulta Beauty, Inc. will post 23.93 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.