Enhancing Capital LLC purchased a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,437 shares of the specialty retailer's stock, valued at approximately $625,000.
Other institutional investors also recently bought and sold shares of the company. Sunbelt Securities Inc. lifted its holdings in Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after buying an additional 45 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after buying an additional 50 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in Ulta Beauty during the 4th quarter worth about $43,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Ulta Beauty during the fourth quarter worth about $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Ulta Beauty during the third quarter worth about $41,000. 90.39% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
ULTA has been the topic of a number of research analyst reports. Wells Fargo & Company cut their target price on Ulta Beauty from $360.00 to $310.00 and set an "underweight" rating on the stock in a research report on Friday, March 14th. Stifel Nicolaus cut their target price on Ulta Beauty from $475.00 to $400.00 and set a "hold" rating on the stock in a research report on Friday, March 14th. StockNews.com upgraded Ulta Beauty from a "sell" rating to a "hold" rating in a research report on Tuesday, January 7th. Citigroup cut their target price on Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Finally, DA Davidson cut their target price on Ulta Beauty from $510.00 to $415.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $427.13.
Read Our Latest Report on ULTA
Ulta Beauty Stock Up 2.8 %
Shares of ULTA stock traded up $9.68 on Friday, reaching $350.57. 1,730,045 shares of the stock were exchanged, compared to its average volume of 1,044,720. The stock has a market cap of $16.26 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The firm has a 50 day moving average of $377.57 and a two-hundred day moving average of $386.17. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $529.67.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping analysts' consensus estimates of $7.13 by $1.33. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business's revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $8.08 EPS. On average, equities research analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.
Ulta Beauty Profile
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Free Report)
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.
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