EFG Asset Management Americas Corp. Boosts Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

EFG Asset Management Americas Corp. increased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 161.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,145 shares of the specialty retailer's stock after purchasing an additional 7,503 shares during the quarter. EFG Asset Management Americas Corp.'s holdings in Ulta Beauty were worth $5,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cornerstone Investment Partners LLC increased its position in Ulta Beauty by 3.9% during the fourth quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer's stock valued at $289,000 after acquiring an additional 25 shares during the last quarter. Farther Finance Advisors LLC increased its position in Ulta Beauty by 4.7% during the third quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer's stock valued at $244,000 after acquiring an additional 28 shares during the last quarter. Stonegate Investment Group LLC increased its position in Ulta Beauty by 0.5% during the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer's stock valued at $2,881,000 after acquiring an additional 34 shares during the last quarter. Resonant Capital Advisors LLC increased its position in Ulta Beauty by 2.2% during the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer's stock valued at $685,000 after acquiring an additional 34 shares during the last quarter. Finally, Clear Creek Financial Management LLC increased its position in Ulta Beauty by 4.4% during the fourth quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer's stock valued at $362,000 after acquiring an additional 35 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of analysts recently commented on the company. Barclays upped their price objective on Ulta Beauty from $410.00 to $445.00 and gave the company an "equal weight" rating in a research report on Thursday, January 9th. Piper Sandler upped their price target on Ulta Beauty from $390.00 to $394.00 and gave the stock a "neutral" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. upped their price target on Ulta Beauty from $472.00 to $480.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Canaccord Genuity Group upped their price target on Ulta Beauty from $500.00 to $538.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Finally, Morgan Stanley upgraded Ulta Beauty from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $459.22.

Ulta Beauty Stock Up 0.1 %

Ulta Beauty stock traded up $0.43 during midday trading on Friday, reaching $355.43. 983,486 shares of the stock traded hands, compared to its average volume of 895,527. The stock's fifty day moving average is $394.36 and its 200-day moving average is $388.07. 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 $16.48 billion, a P/E ratio of 14.22, a PEG ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating analysts' consensus estimates of $4.45 by $0.69. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm's revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $5.07 earnings per share. On average, equities analysts predict that Ulta Beauty, Inc. will post 23.96 EPS 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.