538 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Purchased by Murphy & Mullick Capital Management Corp

Murphy & Mullick Capital Management Corp bought a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the 4th quarter, HoldingsChannel reports. The firm bought 538 shares of the specialty retailer’s stock, valued at approximately $234,000.

A number of other large investors also recently made changes to their positions in the business. Prestige Wealth Management Group LLC grew its position in Ulta Beauty by 121.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 34 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Ulta Beauty by 118.4% during 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 in the last quarter. Westside Investment Management Inc. increased its stake 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 worth $32,000 after acquiring an additional 50 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter worth $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in Ulta Beauty during the fourth quarter valued at $43,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on ULTA shares. Bank of America dropped their target price on Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Oppenheimer raised their price objective on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. DA Davidson cut their price target on shares of Ulta Beauty from $510.00 to $415.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Finally, Canaccord Genuity Group decreased their price objective on shares of Ulta Beauty from $538.00 to $526.00 and set a “buy” rating for the company in a report on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ulta Beauty presently has a consensus rating of “Hold” and a consensus target price of $427.13.

Ulta Beauty Trading Up 1.3 %

ULTA opened at $370.75 on Wednesday. The stock has a market cap of $17.19 billion, a PE ratio of 14.84, a P/E/G ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $529.67. The stock’s 50 day simple moving average is $376.15 and its 200-day simple moving average is $386.59.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the prior year, the company posted $8.08 EPS. The business’s revenue was down 1.9% on a year-over-year basis. Equities analysts forecast that Ulta Beauty, Inc. will post 23.96 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.