Diversified Investment Strategies LLC Buys Shares of 545 Ulta Beauty, Inc. (NASDAQ:ULTA)

Diversified Investment Strategies LLC purchased a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 545 shares of the specialty retailer’s stock, valued at approximately $237,000.

Several other hedge funds have also made changes to their positions in ULTA. Paladin Wealth LLC acquired a new stake in Ulta Beauty in the third quarter worth $32,000. Sunbelt Securities Inc. grew its position in shares of Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 45 shares during the last quarter. Westside Investment Management Inc. grew its position in shares of Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 50 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Ulta Beauty in the 3rd quarter worth about $41,000. Finally, Future Financial Wealth Managment LLC bought a new stake in Ulta Beauty in the 4th quarter valued at about $43,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Down 1.4 %

NASDAQ ULTA opened at $409.23 on Wednesday. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The company has a market cap of $18.98 billion, a PE ratio of 16.61, a PEG ratio of 1.00 and a beta of 1.28. The stock’s 50-day moving average price is $410.50 and its two-hundred day moving average price is $385.57.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.50 billion. During the same quarter in the previous year, the business earned $5.07 earnings per share. The firm’s revenue was up 1.7% compared to the same quarter last year. Research analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ULTA has been the topic of several analyst reports. Stifel Nicolaus raised their price target on shares of Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a research note on Tuesday, January 7th. Barclays raised their target price on Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a research report on Thursday, January 9th. B. Riley upgraded Ulta Beauty from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $330.00 to $430.00 in a research report on Tuesday, January 7th. Morgan Stanley raised Ulta Beauty from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $430.00 to $500.00 in a report on Tuesday, January 21st. Finally, Piper Sandler lifted their price objective on shares of Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Ulta Beauty has a consensus rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty Company 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.