OFI Invest Asset Management Makes New Investment in Ulta Beauty, Inc. (NASDAQ:ULTA)

OFI Invest Asset Management purchased a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 494 shares of the specialty retailer’s stock, valued at approximately $207,000.

Other institutional investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. boosted its position in Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 45 shares during the period. Westside Investment Management Inc. lifted its holdings in shares of Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 50 shares during the period. Edge Capital Group LLC acquired a new stake in shares of Ulta Beauty in the fourth quarter valued at $33,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Ulta Beauty in the third quarter valued at $41,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Ulta Beauty in the fourth quarter valued at $43,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Trading Down 0.3 %

Shares of Ulta Beauty stock opened at $354.48 on Tuesday. The stock has a 50-day moving average price of $392.74 and a 200 day moving average price of $387.98. The company has a market cap of $16.44 billion, a P/E ratio of 14.18, a P/E/G ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76.

Analysts Set New Price Targets

Several analysts have recently weighed in on ULTA shares. Wells Fargo & Company upped their price objective on Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a report on Tuesday, January 7th. Loop Capital upped their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a report on Monday, December 9th. Citigroup upped their price objective on Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. UBS Group upped their price objective on Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $500.00 price objective on shares of Ulta Beauty 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 stock. Based on data from MarketBeat.com, Ulta Beauty presently has a consensus rating of “Hold” and a consensus target price of $459.22.

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.