Freestone Capital Holdings LLC Grows Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Freestone Capital Holdings LLC increased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,190 shares of the specialty retailer’s stock after purchasing an additional 103 shares during the period. Freestone Capital Holdings LLC’s holdings in Ulta Beauty were worth $3,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Ontario Teachers Pension Plan Board acquired a new position in shares of Ulta Beauty during the third quarter valued at $359,480,000. Holocene Advisors LP increased its holdings in shares of Ulta Beauty by 3,246.2% during the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after purchasing an additional 335,914 shares during the period. Atreides Management LP acquired a new position in Ulta Beauty during the third quarter worth about $73,069,000. Proficio Capital Partners LLC bought a new stake in Ulta Beauty in the fourth quarter worth about $58,074,000. Finally, Victory Capital Management Inc. raised its position in Ulta Beauty by 364.6% in the fourth quarter. Victory Capital Management Inc. now owns 159,053 shares of the specialty retailer’s stock worth $69,177,000 after acquiring an additional 124,822 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on ULTA. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Stifel Nicolaus boosted their price target on shares of Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. Loop Capital boosted their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Bank of America lifted their price target on Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Finally, Morgan Stanley raised Ulta Beauty from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA opened at $351.63 on Thursday. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The business has a fifty day moving average price of $397.92 and a two-hundred day moving average price of $388.32. The stock has a market capitalization of $16.31 billion, a PE ratio of 14.07, a P/E/G ratio of 0.89 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The business 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%. Ulta Beauty’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.07 EPS. On average, equities analysts expect that Ulta Beauty, Inc. will post 23.96 EPS 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.