Forte Capital LLC ADV Grows Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Forte Capital LLC ADV lifted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,351 shares of the specialty retailer’s stock after purchasing an additional 509 shares during the quarter. Ulta Beauty comprises approximately 1.4% of Forte Capital LLC ADV’s portfolio, making the stock its 20th biggest position. Forte Capital LLC ADV owned about 0.06% of Ulta Beauty worth $12,766,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ULTA. Creative Planning grew its holdings in Ulta Beauty by 83.7% during the third quarter. Creative Planning now owns 14,774 shares of the specialty retailer’s stock worth $5,749,000 after acquiring an additional 6,730 shares during the period. Blue Trust Inc. grew its holdings in Ulta Beauty by 22.4% during the third quarter. Blue Trust Inc. now owns 240 shares of the specialty retailer’s stock worth $93,000 after acquiring an additional 44 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Ulta Beauty by 63.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,468 shares of the specialty retailer’s stock worth $2,128,000 after acquiring an additional 2,114 shares during the period. Sequoia Financial Advisors LLC grew its holdings in Ulta Beauty by 22.3% during the third quarter. Sequoia Financial Advisors LLC now owns 4,019 shares of the specialty retailer’s stock worth $1,564,000 after acquiring an additional 732 shares during the period. Finally, Private Advisor Group LLC grew its holdings in Ulta Beauty by 14.5% during the third quarter. Private Advisor Group LLC now owns 11,473 shares of the specialty retailer’s stock worth $4,464,000 after acquiring an additional 1,451 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ULTA shares. Bank of America upped their price objective on Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. UBS Group upped their price objective on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a report on Friday, December 6th. BMO Capital Markets upped their price objective on Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Barclays upped their price objective on Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a report on Thursday, January 9th. Finally, Piper Sandler upped their target price on Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $459.22.

Ulta Beauty Trading Up 1.9 %

NASDAQ ULTA opened at $366.68 on Friday. The business’s 50-day moving average price is $411.27 and its 200 day moving average price is $386.56. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The company has a market capitalization of $17.00 billion, a PE ratio of 14.67, a price-to-earnings-growth ratio of 0.87 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping 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 the consensus estimate of $2.50 billion. During the same period in the prior year, the business posted $5.07 earnings per share. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities analysts predict 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.