6,890 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Acquired by Elevate Capital Advisors LLC

Elevate Capital Advisors LLC bought a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,890 shares of the specialty retailer's stock, valued at approximately $2,997,000. Ulta Beauty accounts for 2.6% of Elevate Capital Advisors LLC's portfolio, making the stock its 10th largest holding.

A number of other institutional investors have also recently bought and sold shares of ULTA. Paladin Wealth LLC acquired a new position in shares of Ulta Beauty in the 3rd quarter valued at $32,000. Sunbelt Securities Inc. grew its holdings in shares of Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock valued at $32,000 after buying an additional 45 shares during the period. Westside Investment Management Inc. grew its holdings in shares of Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock valued at $32,000 after buying an additional 50 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Ulta Beauty in the 3rd quarter valued at $41,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Ulta Beauty in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ULTA shares. Canaccord Genuity Group upped their target price on shares of Ulta Beauty from $500.00 to $538.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $500.00 target price on shares of Ulta Beauty in a research note on Tuesday, January 7th. Bank of America upped their target price on shares of Ulta Beauty from $460.00 to $475.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. UBS Group upped their target price on shares of Ulta Beauty from $470.00 to $490.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Finally, Stifel Nicolaus upped their target price 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. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $459.22.

Ulta Beauty Stock Performance

ULTA traded down $12.68 on Thursday, reaching $360.44. The company had a trading volume of 1,415,817 shares, compared to its average volume of 854,452. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The stock has a market cap of $16.71 billion, a P/E ratio of 14.42, a P/E/G ratio of 0.96 and a beta of 1.28. The company's fifty day moving average is $416.50 and its 200 day moving average is $386.35.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) 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. 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 quarter in the prior year, the business posted $5.07 EPS. The business's revenue was up 1.7% compared to the same quarter last year. On average, sell-side analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

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.