Brookstone Capital Management Takes Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Brookstone Capital Management purchased a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 801 shares of the specialty retailer’s stock, valued at approximately $348,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC purchased a new position in Ulta Beauty during the 2nd quarter valued at about $19,136,000. Jensen Investment Management Inc. increased its holdings 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 valued at $4,409,000 after acquiring an additional 1,720 shares in the last quarter. Distillate Capital Partners LLC purchased a new position in Ulta Beauty during the 2nd quarter valued at about $14,665,000. Versor Investments LP purchased a new position in Ulta Beauty during the 3rd quarter valued at about $793,000. Finally, Stephens Inc. AR increased its holdings in Ulta Beauty by 31.0% during the 3rd quarter. Stephens Inc. AR now owns 16,014 shares of the specialty retailer’s stock valued at $6,231,000 after acquiring an additional 3,791 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ULTA. William Blair downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Raymond James lowered their price target on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a report on Monday, October 14th. DA Davidson lifted their price target on shares of Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, December 6th. JPMorgan Chase & Co. lifted their price target 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. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $500.00 price target on shares of Ulta Beauty in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $460.30.

Ulta Beauty Trading Down 2.0 %

Shares of ULTA stock opened at $405.01 on Friday. The company has a market capitalization of $18.78 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28. The firm has a fifty day simple moving average of $404.03 and a 200-day simple moving average of $384.76. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.45 by $0.69. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.07 earnings per share. Equities research analysts predict that Ulta Beauty, Inc. will post 23.93 EPS for the current 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.