J2 Capital Management Inc Acquires Shares of 1,097 Ulta Beauty, Inc. (NASDAQ:ULTA)

J2 Capital Management Inc purchased a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,097 shares of the specialty retailer's stock, valued at approximately $477,000.

Other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings 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 buying an additional 1,237,884 shares during the period. Ontario Teachers Pension Plan Board bought a new position in shares of Ulta Beauty in the third quarter worth about $359,480,000. Holocene Advisors LP lifted its position in shares of Ulta Beauty by 3,246.2% during the 3rd 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 last quarter. Atreides Management LP bought a new stake in Ulta Beauty during the 3rd quarter valued at approximately $73,069,000. Finally, Assenagon Asset Management S.A. grew its holdings in Ulta Beauty by 258.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer's stock valued at $54,884,000 after buying an additional 90,972 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

Ulta Beauty Stock Down 2.0 %

NASDAQ:ULTA traded down $8.32 during mid-day trading on Friday, reaching $405.01. 755,671 shares of the company were exchanged, compared to its average volume of 678,381. The stock has a market cap of $18.78 billion, a PE ratio of 16.21, a PEG ratio of 1.00 and a beta of 1.28. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The company has a fifty day moving average of $404.03 and a 200 day moving average of $384.70.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 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 business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the prior year, the firm earned $5.07 earnings per share. Ulta Beauty's revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts anticipate that Ulta Beauty, Inc. will post 23.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ULTA has been the topic of several research analyst reports. Loop Capital raised their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Wells Fargo & Company boosted their price objective on shares of Ulta Beauty from $350.00 to $370.00 and gave the stock an "underweight" rating in a report on Tuesday, January 7th. BMO Capital Markets increased their target price on shares of Ulta Beauty from $385.00 to $420.00 and gave the company a "market perform" rating in a research note on Friday, December 6th. JPMorgan Chase & Co. boosted their price target on Ulta Beauty from $472.00 to $480.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Finally, 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. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average 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.