Louisbourg Investments Inc. Has $2.46 Million Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Louisbourg Investments Inc. lifted its stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 102.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,647 shares of the specialty retailer's stock after acquiring an additional 2,860 shares during the period. Louisbourg Investments Inc.'s holdings in Ulta Beauty were worth $2,456,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ULTA. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Ulta Beauty by 348.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 386 shares of the specialty retailer's stock worth $150,000 after acquiring an additional 300 shares during the last quarter. Armstrong Advisory Group Inc. lifted its position in Ulta Beauty by 70.6% in the third quarter. Armstrong Advisory Group Inc. now owns 116 shares of the specialty retailer's stock worth $45,000 after purchasing an additional 48 shares during the period. Paladin Wealth LLC bought a new position in Ulta Beauty in the third quarter worth $32,000. Creative Planning lifted its position in Ulta Beauty by 83.7% in the third quarter. Creative Planning now owns 14,774 shares of the specialty retailer's stock worth $5,749,000 after purchasing an additional 6,730 shares during the period. Finally, Swedbank AB lifted its position in Ulta Beauty by 33.9% in the third quarter. Swedbank AB now owns 321,605 shares of the specialty retailer's stock worth $125,143,000 after purchasing an additional 81,414 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $500.00 target price on shares of Ulta Beauty in a research report on Tuesday, January 7th. StockNews.com raised Ulta Beauty from a "sell" rating to a "hold" rating in a research report on Tuesday, January 7th. Morgan Stanley raised Ulta Beauty from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $430.00 to $500.00 in a research report on Tuesday, January 21st. William Blair cut Ulta Beauty from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 21st. Finally, DA Davidson lifted their price objective on Ulta Beauty from $435.00 to $510.00 and gave the company a "buy" rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, Ulta Beauty currently has a consensus rating of "Hold" and a consensus target price of $459.22.

Ulta Beauty Stock Up 1.3 %

ULTA stock traded up $4.70 during midday trading on Friday, reaching $365.14. The stock had a trading volume of 1,181,009 shares, compared to its average volume of 709,765. The firm has a market cap of $16.93 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 0.96 and a beta of 1.28. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The business has a fifty day simple moving average of $414.59 and a two-hundred day simple moving average of $386.16.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the company earned $5.07 EPS. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal 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.