Prairie Wealth Advisors Inc. Invests $207,000 in Ulta Beauty, Inc. (NASDAQ:ULTA)

Prairie Wealth Advisors Inc. bought a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 477 shares of the specialty retailer’s stock, valued at approximately $207,000.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC increased its holdings in shares of 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 valued at $481,952,000 after purchasing an additional 1,237,884 shares during the period. Geode Capital Management LLC increased its holdings in shares of Ulta Beauty by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock valued at $461,059,000 after acquiring an additional 10,153 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new position in shares of Ulta Beauty in the third quarter valued at approximately $359,480,000. Champlain Investment Partners LLC lifted its position in Ulta Beauty by 5.4% during the 3rd quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock worth $237,519,000 after acquiring an additional 31,540 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt boosted its stake in 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. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ULTA shares. Morgan Stanley upgraded shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $430.00 to $500.00 in a research report on Tuesday, January 21st. Citigroup upped their target price 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. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Telsey Advisory Group restated an “outperform” rating and issued a $500.00 price objective on shares of Ulta Beauty in a research report on Tuesday, January 7th. Finally, TD Cowen upped their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty Stock Down 2.2 %

Shares of ULTA stock opened at $401.60 on Friday. The firm has a market cap of $18.62 billion, a PE ratio of 16.07, a P/E/G ratio of 0.98 and a beta of 1.28. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The company’s fifty day simple moving average is $417.52 and its 200-day simple moving average is $386.23.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.07 EPS. On average, equities analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal 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.