Savant Capital LLC Buys 3,095 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Savant Capital LLC increased its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 199.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,646 shares of the specialty retailer’s stock after purchasing an additional 3,095 shares during the quarter. Savant Capital LLC’s holdings in Ulta Beauty were worth $2,021,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Sunbelt Securities Inc. raised its stake in shares of Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 45 shares during the period. Westside Investment Management Inc. increased its holdings in Ulta Beauty by 151.5% in 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 during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Ulta Beauty in the 3rd quarter valued at about $41,000. Future Financial Wealth Managment LLC purchased a new stake in Ulta Beauty during the fourth quarter valued at about $43,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in Ulta Beauty during the fourth quarter valued at about $43,000. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on ULTA shares. Morgan Stanley raised shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $430.00 to $500.00 in a research report on Tuesday, January 21st. Barclays boosted their target price on shares of Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a report on Thursday, January 9th. William Blair lowered Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Wells Fargo & Company lifted their price target on Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a research report on Tuesday, January 7th. Finally, B. Riley raised Ulta Beauty from a “sell” rating to a “neutral” rating and increased their price objective 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, twelve have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $373.12 on Thursday. The firm has a market capitalization of $17.30 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 0.96 and a beta of 1.28. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The firm has a fifty day moving average of $417.04 and a 200 day moving average of $386.45.

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. On average, sell-side analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

About Ulta Beauty

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.