Oppenheimer & Co. Inc. Purchases 680 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Oppenheimer & Co. Inc. grew its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,587 shares of the specialty retailer’s stock after purchasing an additional 680 shares during the period. Oppenheimer & Co. Inc.’s holdings in Ulta Beauty were worth $4,605,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Jensen Investment Management Inc. lifted its holdings in shares of Ulta Beauty by 17.9% in the third quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock valued at $4,409,000 after purchasing an additional 1,720 shares in the last quarter. Versor Investments LP bought a new stake in Ulta Beauty during the third quarter worth about $793,000. Stephens Inc. AR raised its holdings in Ulta Beauty by 31.0% during the third quarter. Stephens Inc. AR now owns 16,014 shares of the specialty retailer’s stock worth $6,231,000 after acquiring an additional 3,791 shares in the last quarter. Chase Investment Counsel Corp raised its holdings in Ulta Beauty by 100.0% during the third quarter. Chase Investment Counsel Corp now owns 4,000 shares of the specialty retailer’s stock worth $1,556,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Integrated Investment Consultants LLC bought a new stake in Ulta Beauty during the third quarter worth about $4,480,000. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Citigroup upped their target price on Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Loop Capital upped their target price on Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a report on Monday, December 9th. JPMorgan Chase & Co. upped their target price on Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Telsey Advisory Group reiterated an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a report on Tuesday, January 7th. Finally, Barclays upped their target price on Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $459.22.

Ulta Beauty Trading Up 0.2 %

Ulta Beauty stock opened at $366.36 on Friday. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The stock’s 50 day moving average is $403.04 and its 200-day moving average is $388.12. The company has a market capitalization of $16.99 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 0.89 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The business had revenue of $2.53 billion for 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 quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.07 earnings per share. As a group, equities research 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.