Romano Brothers AND Company Boosts Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Romano Brothers AND Company grew its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 25.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,047 shares of the specialty retailer's stock after acquiring an additional 2,443 shares during the quarter. Romano Brothers AND Company's holdings in Ulta Beauty were worth $5,240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Paladin Wealth LLC bought a new position in Ulta Beauty during the third quarter worth about $32,000. 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 in the last quarter. Westside Investment Management Inc. boosted its holdings in Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock valued at $32,000 after acquiring an additional 50 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Ulta Beauty during the 4th quarter worth approximately $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Ulta Beauty in the 3rd quarter valued at $41,000. Institutional investors own 90.39% of the company's stock.

Analyst Upgrades and Downgrades

ULTA has been the topic of several analyst reports. Barclays increased their target price on shares of Ulta Beauty from $410.00 to $445.00 and gave the stock an "equal weight" rating in a report on Thursday, January 9th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Ulta Beauty from $426.00 to $424.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. Oppenheimer upped their price objective on Ulta Beauty from $505.00 to $515.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Wells Fargo & Company lifted their price target on Ulta Beauty from $350.00 to $370.00 and gave the stock an "underweight" rating in a report on Tuesday, January 7th. Finally, Piper Sandler raised their target price on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a "neutral" rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $460.30.

Ulta Beauty Stock Down 2.0 %

ULTA traded down $8.32 during trading on Friday, hitting $405.01. 755,671 shares of the company traded hands, compared to its average volume of 678,381. The firm has a market cap of $18.78 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28. The stock's fifty day moving average is $404.03 and its 200 day moving average is $384.70. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating 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 company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the business 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 forecast that Ulta Beauty, Inc. will post 23.93 EPS 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.