J2 Capital Management Inc Takes $477,000 Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

J2 Capital Management Inc acquired a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,097 shares of the specialty retailer’s stock, valued at approximately $477,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC increased its position in Ulta Beauty by 180,713.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after purchasing an additional 1,237,884 shares during the period. Ontario Teachers Pension Plan Board acquired a new stake in shares of Ulta Beauty during the third quarter worth $359,480,000. Holocene Advisors LP raised its stake in Ulta Beauty by 3,246.2% during the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock worth $134,737,000 after buying an additional 335,914 shares during the last quarter. Atreides Management LP acquired a new position in Ulta Beauty in the third quarter valued at $73,069,000. Finally, Assenagon Asset Management S.A. boosted its position in Ulta Beauty by 258.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock valued at $54,884,000 after acquiring an additional 90,972 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

ULTA opened at $405.01 on Friday. The firm has a market cap of $18.78 billion, a P/E ratio of 16.21, a PEG ratio of 1.00 and a beta of 1.28. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The firm has a 50-day moving average of $404.03 and a 200 day moving average of $384.76.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Canaccord Genuity Group boosted their price target on Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. UBS Group raised their price target on shares of Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a report on Friday, December 6th. William Blair lowered shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Finally, Raymond James reduced their target price on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Ulta Beauty has an average rating of “Hold” and a consensus target price of $460.30.

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.