Resonant Capital Advisors LLC Has $685,000 Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Resonant Capital Advisors LLC raised its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.2% in the 4th quarter, HoldingsChannel reports. The fund owned 1,576 shares of the specialty retailer’s stock after acquiring an additional 34 shares during the period. Resonant Capital Advisors LLC’s holdings in Ulta Beauty were worth $685,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in shares of Ulta Beauty in the 2nd quarter valued at $1,500,000. Czech National Bank boosted its stake in shares of Ulta Beauty by 6.4% in the 3rd quarter. Czech National Bank now owns 9,720 shares of the specialty retailer’s stock valued at $3,782,000 after purchasing an additional 585 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Ulta Beauty by 3.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 29,339 shares of the specialty retailer’s stock valued at $11,416,000 after purchasing an additional 944 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Ulta Beauty by 26.0% in the 3rd quarter. GAMMA Investing LLC now owns 422 shares of the specialty retailer’s stock valued at $164,000 after purchasing an additional 87 shares during the last quarter. Finally, Diversified Trust Co boosted its stake in shares of Ulta Beauty by 7.2% in the 3rd quarter. Diversified Trust Co now owns 3,061 shares of the specialty retailer’s stock valued at $1,191,000 after purchasing an additional 206 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ULTA has been the topic of several research analyst reports. Oppenheimer increased their target price on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Piper Sandler increased their target price on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. William Blair lowered shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. DA Davidson increased their target price on shares of Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. One research 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, Ulta Beauty currently has an average rating of “Hold” and an average price target of $459.22.

Ulta Beauty Trading Down 1.0 %

NASDAQ:ULTA opened at $408.14 on Tuesday. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The company has a market cap of $18.93 billion, a price-to-earnings ratio of 16.33, a price-to-earnings-growth ratio of 0.98 and a beta of 1.28. The stock has a fifty day simple moving average of $414.93 and a 200-day simple moving average of $385.83.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.45 by $0.69. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $5.07 earnings per share. As a group, equities research analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

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.