Brown Brothers Harriman & Co. Purchases 109 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Brown Brothers Harriman & Co. raised its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 213.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 160 shares of the specialty retailer’s stock after buying an additional 109 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Ulta Beauty were worth $70,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of Ulta Beauty by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock valued at $461,059,000 after purchasing an additional 10,153 shares during the period. Norges Bank bought a new position in Ulta Beauty in the 4th quarter valued at $239,432,000. Amundi lifted its position in Ulta Beauty by 19.7% during the 4th quarter. Amundi now owns 450,239 shares of the specialty retailer’s stock worth $186,912,000 after buying an additional 74,013 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Ulta Beauty by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 319,938 shares of the specialty retailer’s stock worth $139,151,000 after purchasing an additional 12,273 shares in the last quarter. Finally, Summitry LLC boosted its position in Ulta Beauty by 2.4% in the 4th quarter. Summitry LLC now owns 216,671 shares of the specialty retailer’s stock valued at $94,237,000 after buying an additional 5,137 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

ULTA has been the subject of several analyst reports. Bank of America lowered their price target on shares of Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. TD Cowen raised their price target on Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. BMO Capital Markets cut their price objective on shares of Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating on the stock in a research report on Friday, March 14th. JPMorgan Chase & Co. reduced their price target on Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Finally, StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $427.61.

Ulta Beauty Trading Up 2.0 %

Shares of ULTA stock opened at $373.91 on Wednesday. The stock has a market cap of $17.34 billion, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $528.80. The stock has a 50 day simple moving average of $371.93 and a 200 day simple moving average of $386.33.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same period last year, the firm posted $8.08 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. Analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current 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.