Ieq Capital LLC Purchases 5,050 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Ieq Capital LLC boosted its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 383.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,366 shares of the specialty retailer’s stock after purchasing an additional 5,050 shares during the period. Ieq Capital LLC’s holdings in Ulta Beauty were worth $2,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

ULTA has been the subject of several analyst reports. Morgan Stanley raised shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating in a report on Wednesday. Oppenheimer raised their price target on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Piper Sandler boosted their price objective on Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. Telsey Advisory Group reissued an “outperform” rating and set a $500.00 price objective on shares of Ulta Beauty in a report on Tuesday, January 7th. Finally, UBS Group lifted their target price on Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $459.22.

Ulta Beauty Stock Down 1.4 %

ULTA opened at $361.54 on Friday. The business’s fifty day simple moving average is $408.88 and its 200 day simple moving average is $386.66. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The stock has a market cap of $16.77 billion, a PE ratio of 14.47, a P/E/G ratio of 0.89 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 EPS for the quarter, beating the consensus estimate of $4.45 by $0.69. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $5.07 EPS. As a group, equities analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current 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.