Avalon Capital Management Takes $684,000 Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Avalon Capital Management bought a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) in the fourth quarter, HoldingsChannel reports. The firm bought 1,572 shares of the specialty retailer’s stock, valued at approximately $684,000.

Other hedge funds have also recently made changes to their positions in the company. Sunbelt Securities Inc. increased its holdings in shares of Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 45 shares in the last quarter. Westside Investment Management Inc. raised its stake in Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 50 shares during the last quarter. Edge Capital Group LLC purchased a new position in shares of Ulta Beauty in the 4th quarter worth $33,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Ulta Beauty in the third quarter worth $41,000. Finally, Future Financial Wealth Managment LLC purchased a new position in Ulta Beauty in the fourth quarter worth about $43,000. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $363.89 on Tuesday. The firm has a market capitalization of $16.87 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 0.89 and a beta of 1.28. The stock’s 50-day simple moving average is $407.66 and its 200-day simple moving average is $387.80. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the business earned $5.07 earnings per share. The company’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 earnings per share for the current year.

Wall Street Analyst Weigh In

ULTA has been the subject of a number of research reports. B. Riley raised shares of Ulta Beauty from a “sell” rating to a “neutral” rating and upped their target price for the company from $330.00 to $430.00 in a report on Tuesday, January 7th. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. DA Davidson increased their price target on Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. William Blair lowered Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. Finally, TD Cowen boosted their price target on Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $459.22.

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.