Allworth Financial LP Increases Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Allworth Financial LP lifted its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 55.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 214 shares of the specialty retailer’s stock after buying an additional 76 shares during the period. Allworth Financial LP’s holdings in Ulta Beauty were worth $90,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. boosted its position 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 acquiring an additional 45 shares during the period. Westside Investment Management Inc. boosted its stake in Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 50 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in Ulta Beauty during the fourth quarter worth about $43,000. Ameliora Wealth Management Ltd. bought a new stake in Ulta Beauty in the fourth quarter worth about $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Ulta Beauty in the third quarter worth approximately $41,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Up 0.6 %

NASDAQ:ULTA opened at $363.89 on Tuesday. The firm has a 50-day moving average price of $407.66 and a 200 day moving average price of $387.80. The firm 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. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its 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 company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the company earned $5.07 EPS. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, research analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. TD Cowen boosted their price objective on Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a research note on Tuesday, January 7th. Bank of America boosted their price objective on shares of Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Wells Fargo & Company boosted their price target on shares of Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. raised their price target on Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $459.22.

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.