Romano Brothers AND Company Buys 2,443 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Romano Brothers AND Company grew its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 25.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,047 shares of the specialty retailer’s stock after buying an additional 2,443 shares during the quarter. Romano Brothers AND Company’s holdings in Ulta Beauty were worth $5,240,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in Ulta Beauty by 180,713.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after acquiring an additional 1,237,884 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Ulta Beauty by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock worth $461,059,000 after purchasing an additional 10,153 shares during the period. Ontario Teachers Pension Plan Board bought a new position in shares of Ulta Beauty in the third quarter worth approximately $359,480,000. Champlain Investment Partners LLC increased its stake in shares of Ulta Beauty by 5.4% in the third quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock worth $237,519,000 after purchasing an additional 31,540 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt raised its position in shares of Ulta Beauty by 14.4% during the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock valued at $200,944,000 after purchasing an additional 65,000 shares during the period. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Down 2.0 %

ULTA stock opened at $405.01 on Friday. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The stock has a market capitalization of $18.78 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28. The firm’s fifty day simple moving average is $404.03 and its two-hundred day simple moving average is $384.76.

Ulta Beauty (NASDAQ:ULTA) 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. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.07 EPS. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 23.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. DA Davidson increased their price target on Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Citigroup lifted their target price on Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Oppenheimer upped their price target on 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 shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Finally, TD Cowen upped their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Ulta Beauty has a consensus rating of “Hold” and an average target price of $460.30.

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.