Keybank National Association OH Boosts Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Keybank National Association OH grew its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 38.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,381 shares of the specialty retailer's stock after acquiring an additional 33,032 shares during the quarter. Keybank National Association OH owned about 0.26% of Ulta Beauty worth $51,487,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. boosted its position in shares of Ulta Beauty by 118.4% during the third 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. increased its stake in Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 50 shares during the period. Edge Capital Group LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter valued at $33,000. Harvest Fund Management Co. Ltd bought a new position in shares of Ulta Beauty in the third quarter worth about $41,000. Finally, Future Financial Wealth Managment LLC purchased a new position in Ulta Beauty in the 4th quarter worth about $43,000. Institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Morgan Stanley raised shares of Ulta Beauty from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, February 19th. Citigroup raised their price objective on Ulta Beauty from $450.00 to $457.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Oppenheimer upped their target price on Ulta Beauty from $505.00 to $515.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Canaccord Genuity Group raised their price target on Ulta Beauty from $500.00 to $538.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $500.00 price objective on shares of Ulta Beauty in a research note on Tuesday, January 7th. One investment 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. According to data from MarketBeat, Ulta Beauty presently has an average rating of "Hold" and an average price target of $459.22.

Ulta Beauty Trading Up 2.8 %

ULTA traded up $9.88 on Thursday, reaching $361.51. The stock had a trading volume of 197,466 shares, compared to its average volume of 878,026. The business's 50-day moving average price is $397.92 and its two-hundred day moving average price is $388.32. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The company has a market cap of $16.76 billion, a P/E ratio of 14.45, a price-to-earnings-growth ratio of 0.89 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly 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 return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the business posted $5.07 earnings per share. Ulta Beauty's revenue for the quarter was up 1.7% on a year-over-year basis. As a group, analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Ulta Beauty Company 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.