4,376 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Purchased by Avanza Fonder AB

Avanza Fonder AB acquired a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,376 shares of the specialty retailer’s stock, valued at approximately $1,903,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Paladin Wealth LLC bought a new stake in shares of Ulta Beauty in the third quarter valued at approximately $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 valued at $32,000 after acquiring an additional 45 shares in the last quarter. Westside Investment Management Inc. lifted its position 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 valued at $32,000 after acquiring an additional 50 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of Ulta Beauty during the 4th quarter worth $43,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Ulta Beauty in the third quarter worth $41,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Raymond James cut their price objective on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. BMO Capital Markets increased their price target on shares of Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. UBS Group boosted their price objective on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. raised their target price on Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, B. Riley raised Ulta Beauty from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $330.00 to $430.00 in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ulta Beauty presently has a consensus rating of “Hold” and an average target price of $460.30.

Ulta Beauty Price Performance

Ulta Beauty stock opened at $405.01 on Friday. The firm has a market cap of $18.78 billion, a P/E ratio of 16.21, a P/E/G ratio of 1.00 and a beta of 1.28. The stock’s 50 day moving average is $404.03 and its 200 day moving average is $384.76. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76.

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 analysts’ consensus estimates of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the firm posted $5.07 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Equities analysts anticipate that Ulta Beauty, Inc. will post 23.93 earnings per share 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.