Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by Armstrong Advisory Group Inc.

Armstrong Advisory Group Inc. increased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 77.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 206 shares of the specialty retailer’s stock after purchasing an additional 90 shares during the quarter. Armstrong Advisory Group Inc.’s holdings in Ulta Beauty were worth $90,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC boosted its position in Ulta Beauty by 180,713.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after purchasing an additional 1,237,884 shares during the period. Ontario Teachers Pension Plan Board purchased a new stake in shares of Ulta Beauty in the third quarter worth about $359,480,000. Holocene Advisors LP boosted its position in shares of Ulta Beauty by 3,246.2% in the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock worth $134,737,000 after buying an additional 335,914 shares during the period. Atreides Management LP acquired a new stake in shares of Ulta Beauty in the third quarter valued at about $73,069,000. Finally, Hsbc Holdings PLC raised its holdings in shares of Ulta Beauty by 87.3% during the 2nd quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer’s stock valued at $130,380,000 after buying an additional 157,497 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on ULTA shares. DA Davidson increased their price objective on shares of Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Stifel Nicolaus raised their price target on shares of Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. Bank of America boosted their price objective on shares of Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Oppenheimer raised their target price on Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Ulta Beauty presently has an average rating of “Hold” and an average price target of $460.30.

Ulta Beauty Stock Up 1.5 %

Shares of Ulta Beauty stock opened at $413.33 on Friday. The business has a fifty day simple moving average of $403.23 and a 200-day simple moving average of $384.42. The firm has a market cap of $19.17 billion, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28. 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 earnings per share for the quarter, topping 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 firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the firm posted $5.07 earnings per share. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. Analysts anticipate that Ulta Beauty, Inc. will post 23.93 earnings per share for the current fiscal 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.