606 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Bought by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC acquired a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 606 shares of the specialty retailer’s stock, valued at approximately $264,000.

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

Ulta Beauty Trading Down 0.1 %

Shares of NASDAQ ULTA opened at $356.99 on Tuesday. The company has a market cap of $16.55 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $544.36. The stock has a 50-day moving average price of $383.53 and a two-hundred day moving average price of $386.87.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping the consensus estimate of $7.13 by $1.33. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.08 earnings per share. On average, sell-side analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ULTA shares. Loop Capital upped their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a report on Monday, December 9th. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Bank of America reduced their target price on shares of Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating for the company in a research report on Friday. BMO Capital Markets reduced their target price on shares of Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating for the company in a research report on Friday. Finally, William Blair cut shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $427.13.

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.