Prakash Investment Advisors LLC Acquires Shares of 1,100 Ulta Beauty, Inc. (NASDAQ:ULTA)

Prakash Investment Advisors LLC bought a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 1,100 shares of the specialty retailer’s stock, valued at approximately $478,000.

Several other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in shares of Ulta Beauty by 4.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock valued at $244,000 after purchasing an additional 28 shares during the period. Stonegate Investment Group LLC lifted its stake in shares of Ulta Beauty by 0.5% in the 4th quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock valued at $2,881,000 after purchasing an additional 34 shares during the period. Resonant Capital Advisors LLC lifted its stake in shares of Ulta Beauty by 2.2% in the 4th quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock valued at $685,000 after purchasing an additional 34 shares during the period. Clear Creek Financial Management LLC lifted its stake in shares of Ulta Beauty by 4.4% in the 4th quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock valued at $362,000 after purchasing an additional 35 shares during the period. Finally, Hedeker Wealth LLC lifted its stake in shares of Ulta Beauty by 0.5% in the 4th quarter. Hedeker Wealth LLC now owns 7,010 shares of the specialty retailer’s stock valued at $3,049,000 after purchasing an additional 38 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Trading Up 1.9 %

Shares of ULTA opened at $366.68 on Friday. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The firm has a 50-day moving average price of $411.27 and a 200 day moving average price of $386.56. The firm has a market capitalization of $17.00 billion, a P/E ratio of 14.67, a P/E/G ratio of 0.87 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data 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 firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the firm posted $5.07 earnings per share. Ulta Beauty’s quarterly revenue was up 1.7% on a year-over-year basis. Equities research analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on ULTA. Stifel Nicolaus boosted their target price 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. UBS Group upped their price objective on shares of Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. upped their price objective on shares of Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Telsey Advisory Group restated an “outperform” rating and set a $500.00 price objective on shares of Ulta Beauty in a research report on Tuesday, January 7th. Finally, Barclays upped their price objective on shares of Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 9th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $459.22.

About Ulta Beauty

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.