Allworth Financial LP Purchases 76 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Allworth Financial LP lifted its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 55.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 214 shares of the specialty retailer’s stock after acquiring an additional 76 shares during the period. Allworth Financial LP’s holdings in Ulta Beauty were worth $90,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Sunbelt Securities Inc. lifted its stake 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. raised its holdings 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 buying an additional 50 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of Ulta Beauty during the fourth quarter worth $43,000. Ameliora Wealth Management Ltd. bought a new position in Ulta Beauty during the 4th quarter worth about $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Ulta Beauty in the 3rd quarter valued at about $41,000. 90.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ULTA has been the topic of several research reports. Bank of America boosted their target price on Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Barclays raised their target price on shares of Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a research report on Thursday, January 9th. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Stifel Nicolaus increased their price objective on shares of Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. Finally, Citigroup lifted their target price on Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $459.22.

Ulta Beauty Price Performance

ULTA opened at $363.89 on Tuesday. The company has a market capitalization of $16.87 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 0.89 and a beta of 1.28. The business has a fifty day simple moving average of $407.66 and a 200 day simple moving average of $387.80. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the company posted $5.07 earnings per share. Ulta Beauty’s revenue was up 1.7% compared to the same quarter last year. Equities analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Ulta Beauty 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.