Harvest Fund Management Co. Ltd Purchases 1,335 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Harvest Fund Management Co. Ltd lifted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 1,271.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,440 shares of the specialty retailer's stock after purchasing an additional 1,335 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Ulta Beauty were worth $622,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ULTA. Sunbelt Securities Inc. grew its position in shares of Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock valued at $32,000 after purchasing an additional 45 shares during the period. Westside Investment Management Inc. boosted its position in Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after acquiring an additional 50 shares during the last quarter. Edge Capital Group LLC acquired a new position in Ulta Beauty during the 4th quarter worth approximately $33,000. Future Financial Wealth Managment LLC acquired a new position in Ulta Beauty during the 4th quarter worth approximately $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in Ulta Beauty during the 4th quarter worth approximately $43,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ULTA. BMO Capital Markets reduced their price target on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating for the company in a research report on Friday, March 14th. Canaccord Genuity Group reduced their price target on Ulta Beauty from $538.00 to $526.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Wells Fargo & Company reduced their price target on Ulta Beauty from $360.00 to $310.00 and set an "underweight" rating for the company in a research report on Friday, March 14th. Oppenheimer upped their price target on Ulta Beauty from $505.00 to $515.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Finally, Loop Capital upped their price objective on Ulta Beauty from $450.00 to $480.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Ulta Beauty currently has an average rating of "Hold" and an average target price of $427.13.

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Ulta Beauty Stock Up 2.8 %

Shares of ULTA traded up $9.68 during trading hours on Friday, hitting $350.57. 1,730,045 shares of the company were exchanged, compared to its average volume of 1,044,654. The company has a market cap of $16.26 billion, a price-to-earnings ratio of 14.03, a P/E/G ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $529.67. The firm's fifty day moving average is $377.57 and its 200 day moving average is $386.17.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.13 by $1.33. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty's quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $8.08 EPS. Analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS 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.