Winebrenner Capital Management LLC Buys New Shares in Ulta Beauty, Inc. (NASDAQ:ULTA)

Winebrenner Capital Management LLC purchased a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 2,000 shares of the specialty retailer’s stock, valued at approximately $870,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in Ulta Beauty by 4.7% during the third quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock worth $244,000 after purchasing an additional 28 shares during the period. Stonegate Investment Group LLC boosted its position in Ulta Beauty by 0.5% during the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock worth $2,881,000 after purchasing an additional 34 shares during the period. Resonant Capital Advisors LLC increased its holdings in shares of Ulta Beauty by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock valued at $685,000 after purchasing an additional 34 shares during the last quarter. Clear Creek Financial Management LLC raised its position in shares of Ulta Beauty by 4.4% in the fourth quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock valued at $362,000 after purchasing an additional 35 shares during the period. Finally, Hedeker Wealth LLC lifted its stake in shares of Ulta Beauty by 0.5% during the 4th quarter. Hedeker Wealth LLC now owns 7,010 shares of the specialty retailer’s stock worth $3,049,000 after buying an additional 38 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ULTA. Bank of America upped their price target on shares of Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. DA Davidson boosted their price objective on Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, December 6th. William Blair lowered Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, Wells Fargo & Company upped their price objective on Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $459.22.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $361.54 on Friday. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The business has a fifty day moving average price of $410.13 and a two-hundred day moving average price of $386.42. The stock has a market capitalization of $16.76 billion, a PE ratio of 14.47, a PEG ratio of 0.89 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the company earned $5.07 EPS. Ulta Beauty’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, sell-side analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

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.