Brookstone Capital Management Invests $348,000 in Ulta Beauty, Inc. (NASDAQ:ULTA)

Brookstone Capital Management bought a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 801 shares of the specialty retailer's stock, valued at approximately $348,000.

A number of other institutional investors have also added to or reduced their stakes in ULTA. International Assets Investment Management LLC boosted its stake in shares of Ulta Beauty by 180,713.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer's stock worth $481,952,000 after acquiring an additional 1,237,884 shares during the period. Ontario Teachers Pension Plan Board acquired a new stake in Ulta Beauty during the 3rd quarter valued at $359,480,000. Holocene Advisors LP boosted its position in Ulta Beauty by 3,246.2% during the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer's stock worth $134,737,000 after purchasing an additional 335,914 shares during the period. Atreides Management LP acquired a new position in shares of Ulta Beauty in the third quarter valued at $73,069,000. Finally, Swedbank AB increased its holdings in shares of Ulta Beauty by 33.9% in the third quarter. Swedbank AB now owns 321,605 shares of the specialty retailer's stock valued at $125,143,000 after purchasing an additional 81,414 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Stock Down 2.0 %

Shares of ULTA stock traded down $8.32 during mid-day trading on Friday, reaching $405.01. 755,671 shares of the stock traded hands, compared to its average volume of 678,381. The stock's fifty day simple moving average is $404.03 and its two-hundred day simple moving average is $384.70. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The company has a market cap of $18.78 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the firm earned $5.07 earnings per share. The company's revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities research analysts anticipate that Ulta Beauty, Inc. will post 23.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Piper Sandler upped their price target on shares of Ulta Beauty from $390.00 to $394.00 and gave the company a "neutral" rating in a research note on Monday, January 6th. Raymond James decreased their target price on Ulta Beauty from $450.00 to $440.00 and set an "outperform" rating on the stock in a research report on Monday, October 14th. StockNews.com raised Ulta Beauty from a "sell" rating to a "hold" rating in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on Ulta Beauty from $426.00 to $424.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. Finally, Stifel Nicolaus lifted their target price on Ulta Beauty from $455.00 to $475.00 and gave the stock a "hold" rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $460.30.

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.