SFE Investment Counsel Grows Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

SFE Investment Counsel boosted its stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 36.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,006 shares of the specialty retailer's stock after acquiring an additional 1,883 shares during the period. SFE Investment Counsel's holdings in Ulta Beauty were worth $3,047,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its position in Ulta Beauty by 180,713.0% during the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer's stock worth $481,952,000 after purchasing an additional 1,237,884 shares during the period. Geode Capital Management LLC raised its holdings in Ulta Beauty by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer's stock valued at $461,059,000 after acquiring an additional 10,153 shares during the period. Ontario Teachers Pension Plan Board purchased a new stake in shares of Ulta Beauty during the third quarter worth $359,480,000. Champlain Investment Partners LLC grew its position in shares of Ulta Beauty by 5.4% in the third quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer's stock valued at $237,519,000 after purchasing an additional 31,540 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt raised its stake in shares of Ulta Beauty by 14.4% during the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer's stock valued at $200,944,000 after purchasing an additional 65,000 shares during the period. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Trading Up 1.3 %

NASDAQ ULTA traded up $4.70 during trading on Monday, hitting $365.14. The company had a trading volume of 1,181,009 shares, compared to its average volume of 709,765. The company's fifty day moving average is $414.59 and its 200-day moving average is $386.44. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The company has a market cap of $16.93 billion, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 0.96 and a beta of 1.28.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. TD Cowen upped their price target on Ulta Beauty from $450.00 to $480.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. B. Riley raised shares of Ulta Beauty from a "sell" rating to a "neutral" rating and upped their price target for the stock from $330.00 to $430.00 in a report on Tuesday, January 7th. UBS Group boosted their target price on Ulta Beauty from $470.00 to $490.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Wells Fargo & Company raised their price target on Ulta Beauty from $350.00 to $370.00 and gave the company an "underweight" rating in a report on Tuesday, January 7th. Finally, Piper Sandler upped their price objective on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a "neutral" rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $459.22.

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.