Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by Monte Financial Group LLC

Monte Financial Group LLC raised its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,067 shares of the specialty retailer’s stock after buying an additional 43 shares during the period. Monte Financial Group LLC’s holdings in Ulta Beauty were worth $1,334,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Susquehanna Fundamental Investments LLC acquired a new position in shares of Ulta Beauty in the 2nd quarter worth $19,136,000. Jensen Investment Management Inc. grew its position in Ulta Beauty by 17.9% in the third quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock worth $4,409,000 after acquiring an additional 1,720 shares in the last quarter. Versor Investments LP acquired a new position in Ulta Beauty during the third quarter worth $793,000. Stephens Inc. AR raised its stake in shares of Ulta Beauty by 31.0% in the 3rd quarter. Stephens Inc. AR now owns 16,014 shares of the specialty retailer’s stock valued at $6,231,000 after acquiring an additional 3,791 shares in the last quarter. Finally, Chase Investment Counsel Corp lifted its stake in shares of Ulta Beauty by 100.0% in the third quarter. Chase Investment Counsel Corp now owns 4,000 shares of the specialty retailer’s stock worth $1,556,000 after buying an additional 2,000 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ULTA. DA Davidson raised their target price on Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a report on Friday, December 6th. Bank of America lifted their price objective on Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Stifel Nicolaus upped their price objective on shares of Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. Telsey Advisory Group reissued an “outperform” rating and set a $500.00 price objective on shares of Ulta Beauty in a report on Tuesday, January 7th. Finally, B. Riley upgraded shares of Ulta Beauty from a “sell” rating to a “neutral” rating and upped their price objective for the company from $330.00 to $430.00 in a research report on Tuesday, January 7th. 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. According to data from MarketBeat, Ulta Beauty currently has an average rating of “Hold” and an average price target of $459.22.

Ulta Beauty Stock Down 0.2 %

Shares of NASDAQ:ULTA opened at $417.83 on Friday. The business has a 50 day moving average of $407.85 and a 200-day moving average of $385.62. The stock has a market cap of $19.37 billion, a PE ratio of 16.72, a P/E/G ratio of 1.00 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.

Ulta Beauty (NASDAQ:ULTA) last announced its 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 firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business’s 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 EPS. Equities research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share 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.