Smartleaf Asset Management LLC Acquires 37 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Smartleaf Asset Management LLC boosted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 28.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166 shares of the specialty retailer’s stock after purchasing an additional 37 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Ulta Beauty were worth $72,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in shares of Ulta Beauty by 4.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock worth $244,000 after buying an additional 28 shares during the period. Stonegate Investment Group LLC lifted its position in Ulta Beauty by 0.5% during the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock worth $2,881,000 after acquiring an additional 34 shares during the last quarter. Resonant Capital Advisors LLC boosted its holdings in shares of Ulta Beauty by 2.2% during the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock worth $685,000 after acquiring an additional 34 shares during the period. Clear Creek Financial Management LLC grew its position in shares of Ulta Beauty by 4.4% in the fourth quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock valued at $362,000 after purchasing an additional 35 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. increased its stake in shares of Ulta Beauty by 4.2% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 861 shares of the specialty retailer’s stock worth $374,000 after purchasing an additional 35 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on ULTA. Telsey Advisory Group restated an “outperform” rating and issued a $500.00 price target on shares of Ulta Beauty in a research note on Tuesday, January 7th. Oppenheimer upped their price target on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. BMO Capital Markets lifted their price objective on shares of Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. UBS Group boosted their price objective on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Barclays raised their target price on shares of Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $459.22.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $355.43 on Monday. The company’s 50 day moving average price is $394.36 and its two-hundred day moving average price is $388.12. The firm has a market capitalization of $16.48 billion, a P/E ratio of 14.22, a P/E/G ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data 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. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the business posted $5.07 EPS. Ulta Beauty’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share 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.