Advisory Alpha LLC Invests $215,000 in Ulta Beauty, Inc. (NASDAQ:ULTA)

Advisory Alpha LLC acquired a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 495 shares of the specialty retailer’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in shares of Ulta Beauty by 4.7% during the third 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. Daymark Wealth Partners LLC boosted its position in shares of Ulta Beauty by 3.0% during the second quarter. Daymark Wealth Partners LLC now owns 1,221 shares of the specialty retailer’s stock worth $471,000 after buying an additional 36 shares during the period. Global Trust Asset Management LLC boosted its position in shares of Ulta Beauty by 39.6% during the third quarter. Global Trust Asset Management LLC now owns 141 shares of the specialty retailer’s stock worth $55,000 after buying an additional 40 shares during the period. Empirical Finance LLC boosted its position in shares of Ulta Beauty by 1.3% during the third quarter. Empirical Finance LLC now owns 3,231 shares of the specialty retailer’s stock worth $1,257,000 after buying an additional 42 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Ulta Beauty by 0.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,817 shares of the specialty retailer’s stock worth $1,874,000 after buying an additional 43 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Up 0.0 %

Shares of NASDAQ:ULTA opened at $418.55 on Friday. The company’s fifty day moving average is $406.08 and its two-hundred day moving average is $385.23. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The company has a market cap of $19.41 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 1.01 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results 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 net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the company posted $5.07 EPS. Ulta Beauty’s revenue was up 1.7% on a year-over-year basis. Equities research analysts anticipate that Ulta Beauty, Inc. will post 23.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ULTA has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Piper Sandler boosted their target price on Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Stifel Nicolaus boosted their target price on Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. Finally, Canaccord Genuity Group boosted their target price on Ulta Beauty from $500.00 to $538.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Ulta Beauty currently has a consensus rating of “Hold” and a consensus target price 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.