Processus Wealth & Capital Management LLC Buys 119 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Processus Wealth & Capital Management LLC increased its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,628 shares of the specialty retailer’s stock after purchasing an additional 119 shares during the period. Ulta Beauty makes up approximately 1.3% of Processus Wealth & Capital Management LLC’s portfolio, making the stock its 28th biggest holding. Processus Wealth & Capital Management LLC’s holdings in Ulta Beauty were worth $1,578,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ULTA. Impax Asset Management Group plc grew its position in Ulta Beauty by 10.3% during the fourth quarter. Impax Asset Management Group plc now owns 103,056 shares of the specialty retailer’s stock valued at $44,822,000 after acquiring an additional 9,637 shares during the last quarter. Edge Capital Group LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter valued at approximately $33,000. GHE LLC lifted its stake in Ulta Beauty by 17.9% in the fourth quarter. GHE LLC now owns 4,076 shares of the specialty retailer’s stock worth $1,773,000 after acquiring an additional 620 shares during the period. IFP Advisors Inc lifted its stake in Ulta Beauty by 6.5% in the fourth quarter. IFP Advisors Inc now owns 3,481 shares of the specialty retailer’s stock worth $1,514,000 after acquiring an additional 213 shares during the period. Finally, Winebrenner Capital Management LLC purchased a new stake in Ulta Beauty in the fourth quarter worth $870,000. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $363.89 on Tuesday. The company has a market cap of $16.87 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 0.89 and a beta of 1.28. The stock’s 50 day simple moving average is $407.66 and its two-hundred day simple moving average is $387.80. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data 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 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 prior year, the company posted $5.07 EPS. Ulta Beauty’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on ULTA shares. BMO Capital Markets raised their price target on Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. TD Cowen raised their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Bank of America raised their price target on Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. DA Davidson lifted their price objective on Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, William Blair downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. One 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.