Schwartz Investment Counsel Inc. Acquires 500 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Schwartz Investment Counsel Inc. grew its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 44.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,624 shares of the specialty retailer’s stock after acquiring an additional 500 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Ulta Beauty were worth $706,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Paladin Wealth LLC bought a new position in Ulta Beauty in the third quarter worth about $32,000. Sunbelt Securities Inc. grew its position in shares of 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 buying an additional 45 shares during the last quarter. Westside Investment Management Inc. raised its stake in shares of Ulta Beauty by 151.5% during the 3rd 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. Harvest Fund Management Co. Ltd purchased a new stake in Ulta Beauty during the third quarter valued at approximately $41,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in Ulta Beauty in the fourth quarter valued at approximately $43,000. 90.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on ULTA. Stifel Nicolaus raised their price objective on Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. Piper Sandler lifted 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. Canaccord Genuity Group upped their price target on shares of Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. DA Davidson lifted their price objective 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, Barclays raised their target price on Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty Trading Down 0.5 %

ULTA stock opened at $374.53 on Wednesday. The business’s 50-day moving average is $417.45 and its 200 day moving average is $386.41. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The stock has a market cap of $17.37 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 0.96 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating 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 firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the company earned $5.07 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. As a group, equities analysts forecast that Ulta Beauty, Inc. will post 23.96 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.