Venturi Wealth Management LLC Has $72,000 Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Venturi Wealth Management LLC grew its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 94.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 165 shares of the specialty retailer’s stock after buying an additional 80 shares during the period. Venturi Wealth Management LLC’s holdings in Ulta Beauty were worth $72,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sunbelt Securities Inc. boosted its stake in 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 stake in Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 50 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Ulta Beauty in the 3rd quarter valued at $41,000. Future Financial Wealth Managment LLC bought a new stake in Ulta Beauty in the 4th quarter valued at $43,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in Ulta Beauty in the 4th quarter valued at $43,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ULTA has been the subject of several recent research reports. Morgan Stanley upgraded Ulta Beauty from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. upped their target price on Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Barclays upped their target price on Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a research report on Thursday, January 9th. Stifel Nicolaus upped their target price on Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. Finally, Canaccord Genuity Group upped their target price on Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Stock Up 0.6 %

Shares of ULTA opened at $363.89 on Tuesday. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The business has a 50-day simple moving average of $407.66 and a two-hundred day simple moving average of $387.80. The stock has a market cap of $16.87 billion, a PE ratio of 14.56, a PEG ratio of 0.89 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last issued its 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. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the prior year, the firm earned $5.07 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities research analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

About Ulta Beauty

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.