Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,973 shares of the specialty retailer’s stock after buying an additional 288 shares during the quarter. Sanctuary Advisors LLC’s holdings in Ulta Beauty were worth $1,663,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of ULTA. Jensen Investment Management Inc. increased its stake in Ulta Beauty by 17.9% during the 3rd quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock worth $4,409,000 after buying an additional 1,720 shares during the period. Versor Investments LP purchased a new stake in shares of Ulta Beauty during the third quarter worth about $793,000. Stephens Inc. AR lifted its stake in shares of Ulta Beauty by 31.0% in the third quarter. Stephens Inc. AR now owns 16,014 shares of the specialty retailer’s stock worth $6,231,000 after acquiring an additional 3,791 shares in the last quarter. Chase Investment Counsel Corp boosted its holdings in Ulta Beauty by 100.0% in the third quarter. Chase Investment Counsel Corp now owns 4,000 shares of the specialty retailer’s stock valued at $1,556,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Integrated Investment Consultants LLC purchased a new position in Ulta Beauty in the third quarter valued at about $4,480,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Trading Up 0.6 %

NASDAQ ULTA opened at $363.89 on Tuesday. The company has a 50-day moving average price of $407.66 and a two-hundred day moving average price of $387.80. The stock has a market cap of $16.87 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 0.89 and a beta of 1.28. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted 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 return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the firm earned $5.07 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ULTA. Citigroup upped 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. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. raised their price objective on shares of Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Morgan Stanley upgraded shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, February 19th. Finally, William Blair cut shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.