LaFleur & Godfrey LLC Grows Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

LaFleur & Godfrey LLC lifted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 32.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,455 shares of the specialty retailer’s stock after purchasing an additional 596 shares during the quarter. LaFleur & Godfrey LLC’s holdings in Ulta Beauty were worth $1,068,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Paladin Wealth LLC acquired a new position in Ulta Beauty during the third quarter valued at approximately $32,000. Sunbelt Securities Inc. raised its stake in shares of 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 during the period. Westside Investment Management Inc. raised its stake in shares of Ulta Beauty by 151.5% in 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. Harvest Fund Management Co. Ltd acquired a new position in shares of Ulta Beauty during the 3rd quarter valued at $41,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in Ulta Beauty during the 4th quarter worth $43,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. B. Riley raised Ulta Beauty from a “sell” rating to a “neutral” rating and raised their price objective for the company from $330.00 to $430.00 in a research report on Tuesday, January 7th. UBS Group raised their target price on Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a report on Friday, December 6th. JPMorgan Chase & Co. upped their price target on Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Ulta Beauty in a research report on Tuesday, January 7th. Finally, DA Davidson boosted their target price on shares of Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Ulta Beauty currently has an average rating of “Hold” and a consensus target price of $460.30.

Ulta Beauty Price Performance

Shares of ULTA opened at $405.01 on Monday. The stock has a market capitalization of $18.78 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28. The business’s fifty day moving average price is $404.03 and its 200 day moving average price is $384.70. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) 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 company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the firm posted $5.07 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, research analysts anticipate that Ulta Beauty, Inc. will post 23.93 earnings per share 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.