Romano Brothers AND Company Increases Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Romano Brothers AND Company grew its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 25.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 12,047 shares of the specialty retailer’s stock after buying an additional 2,443 shares during the quarter. Romano Brothers AND Company’s holdings in Ulta Beauty were worth $5,240,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Paladin Wealth LLC purchased a new stake in Ulta Beauty in the third quarter worth $32,000. Sunbelt Securities Inc. raised its holdings in Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 45 shares in the last quarter. Westside Investment Management Inc. raised its holdings in Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 50 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Ulta Beauty in the 4th quarter worth about $43,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Ulta Beauty during the 3rd quarter valued at about $41,000. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ULTA has been the subject of several research analyst reports. DA Davidson raised their price objective on shares of Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Telsey Advisory Group restated an “outperform” rating and issued a $500.00 target price on shares of Ulta Beauty in a research note on Tuesday, January 7th. Citigroup upped their price target on Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. UBS Group raised their price objective on Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Loop Capital boosted their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Ulta Beauty currently has a consensus rating of “Hold” and an average target price of $460.30.

Ulta Beauty Stock Down 2.0 %

Shares of Ulta Beauty stock opened at $405.01 on Friday. The company has a market cap of $18.78 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28. The company’s 50 day moving average is $404.03 and its 200 day moving average is $384.76. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping the consensus estimate of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the company posted $5.07 earnings per share. Ulta Beauty’s revenue was up 1.7% compared to the same quarter last year. Sell-side analysts expect that Ulta Beauty, Inc. will post 23.93 EPS for the current fiscal year.

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.