Ulta Beauty, Inc. (NASDAQ:ULTA) Holdings Raised by Moran Wealth Management LLC

Moran Wealth Management LLC lifted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,039 shares of the specialty retailer’s stock after purchasing an additional 633 shares during the quarter. Moran Wealth Management LLC’s holdings in Ulta Beauty were worth $6,541,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. raised its position in Ulta Beauty by 118.4% in 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 in the last quarter. Westside Investment Management Inc. raised its position in Ulta Beauty by 151.5% in 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 in the last quarter. Future Financial Wealth Managment LLC bought a new stake in Ulta Beauty in the fourth quarter worth about $43,000. Ameliora Wealth Management Ltd. bought a new stake in Ulta Beauty in the fourth quarter worth about $43,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Ulta Beauty in the third quarter worth about $41,000. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ULTA shares. DA Davidson boosted their price target on shares of Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Wells Fargo & Company boosted their price target on shares of Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 7th. Morgan Stanley upgraded Ulta Beauty from an “equal weight” rating to an “overweight” rating in a report on Wednesday, February 19th. Bank of America upped their price objective on shares of Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, UBS Group upped their price objective on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ulta Beauty has an average rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $354.48 on Tuesday. The stock’s 50 day moving average price is $392.74 and its 200 day moving average price is $387.98. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The company has a market capitalization of $16.44 billion, a P/E ratio of 14.18, a P/E/G ratio of 0.89 and a beta of 1.34.

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.