Summit Trail Advisors LLC Takes $311,000 Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Summit Trail Advisors LLC acquired a new position in Ulta Beauty, Inc. (NASDAQ:ULTA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 716 shares of the specialty retailer’s stock, valued at approximately $311,000.

Other hedge funds also recently bought and sold shares of the company. Sunbelt Securities Inc. increased its holdings in shares of Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 45 shares during the period. Westside Investment Management Inc. boosted its position in Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 50 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Ulta Beauty in the third quarter valued at about $41,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter valued at about $43,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in shares of Ulta Beauty in the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Down 0.4 %

Ulta Beauty stock opened at $373.12 on Thursday. The business’s 50-day moving average price is $417.04 and its 200 day moving average price is $386.45. The firm has a market cap of $17.30 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 0.96 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 issued its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter last year, the company earned $5.07 EPS. The business’s revenue was up 1.7% on a year-over-year basis. Equities analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Stifel Nicolaus increased their target price on shares of Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. William Blair cut Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Loop Capital boosted their target price on Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Bank of America increased their price target on Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, Morgan Stanley upgraded Ulta Beauty from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $430.00 to $500.00 in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $459.22.

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.