Buckhead Capital Management LLC Raises Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Buckhead Capital Management LLC boosted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 15.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,088 shares of the specialty retailer's stock after buying an additional 1,633 shares during the quarter. Ulta Beauty accounts for about 1.7% of Buckhead Capital Management LLC's holdings, making the stock its 19th biggest holding. Buckhead Capital Management LLC's holdings in Ulta Beauty were worth $5,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the stock. Jensen Investment Management Inc. boosted its stake 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 during the period. Versor Investments LP purchased a new position in shares of Ulta Beauty in the third quarter valued at approximately $793,000. Stephens Inc. AR boosted its stake in shares of Ulta Beauty by 31.0% in the third quarter. Stephens Inc. AR now owns 16,014 shares of the specialty retailer's stock valued at $6,231,000 after purchasing an additional 3,791 shares during the period. Chase Investment Counsel Corp raised its holdings in Ulta Beauty by 100.0% in the third quarter. Chase Investment Counsel Corp now owns 4,000 shares of the specialty retailer's stock valued at $1,556,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Integrated Investment Consultants LLC acquired a new stake in Ulta Beauty in the third quarter valued at approximately $4,480,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. William Blair cut shares of Ulta Beauty from an "outperform" rating to a "market perform" rating in a report on Thursday, November 21st. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $500.00 target price on shares of Ulta Beauty in a report on Tuesday, January 7th. Loop Capital raised their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a "buy" rating in a report on Monday, December 9th. Bank of America raised their target price on shares of Ulta Beauty from $460.00 to $475.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Finally, Stifel Nicolaus raised their target price on shares of Ulta Beauty from $455.00 to $475.00 and gave the company a "hold" rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $459.22.

Ulta Beauty Stock Up 1.3 %

NASDAQ:ULTA traded up $4.70 during midday trading on Friday, reaching $365.14. The stock had a trading volume of 1,181,009 shares, compared to its average volume of 709,765. The firm has a fifty day simple moving average of $414.59 and a two-hundred day simple moving average of $386.16. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The stock has a market cap of $16.93 billion, a P/E ratio of 14.61, a P/E/G ratio of 0.96 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the firm posted $5.07 EPS. Ulta Beauty's quarterly revenue was up 1.7% on a year-over-year basis. On average, sell-side analysts anticipate 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.