Independence Bank of Kentucky Has $581,000 Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Independence Bank of Kentucky lessened its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 10.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,335 shares of the specialty retailer’s stock after selling 158 shares during the quarter. Independence Bank of Kentucky’s holdings in Ulta Beauty were worth $581,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in shares of Ulta Beauty by 4.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock worth $244,000 after acquiring an additional 28 shares in the last quarter. Stonegate Investment Group LLC boosted its holdings in Ulta Beauty by 0.5% during the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock worth $2,881,000 after purchasing an additional 34 shares during the last quarter. Clear Creek Financial Management LLC grew its position in Ulta Beauty by 4.4% in the fourth quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock valued at $362,000 after purchasing an additional 35 shares in the last quarter. Global Trust Asset Management LLC increased its stake in Ulta Beauty by 39.6% in the 3rd quarter. Global Trust Asset Management LLC now owns 141 shares of the specialty retailer’s stock valued at $55,000 after buying an additional 40 shares during the last quarter. Finally, Empirical Finance LLC raised its holdings in Ulta Beauty by 1.3% during the third quarter. Empirical Finance LLC now owns 3,231 shares of the specialty retailer’s stock worth $1,257,000 after acquiring an additional 42 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $412.15 on Friday. The firm has a market cap of $19.11 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 0.98 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 50 day moving average price of $414.93 and a two-hundred day moving average price of $386.10.

Ulta Beauty (NASDAQ:ULTA) last announced 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. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. During the same quarter last year, the firm earned $5.07 earnings per share. Ulta Beauty’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, equities research analysts predict that Ulta Beauty, Inc. will post 23.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on ULTA. JPMorgan Chase & Co. raised their target price on shares of Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Citigroup upped their target price on Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Wells Fargo & Company raised their price target on shares of Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 7th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Ulta Beauty in a report on Tuesday, January 7th. Finally, Oppenheimer upped their price target on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Ulta Beauty presently has an average rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Company 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.