Avaii Wealth Management LLC Acquires Shares of 1,432 Ulta Beauty, Inc. (NASDAQ:ULTA)

Avaii Wealth Management LLC acquired a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,432 shares of the specialty retailer’s stock, valued at approximately $623,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ULTA. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Ulta Beauty by 59.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 9,245 shares of the specialty retailer’s stock worth $3,567,000 after purchasing an additional 3,446 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Ulta Beauty by 11.6% during the second quarter. AQR Capital Management LLC now owns 121,245 shares of the specialty retailer’s stock worth $46,371,000 after acquiring an additional 12,634 shares during the period. Daymark Wealth Partners LLC grew its position in shares of Ulta Beauty by 3.0% in the second quarter. Daymark Wealth Partners LLC now owns 1,221 shares of the specialty retailer’s stock valued at $471,000 after purchasing an additional 36 shares during the last quarter. MBB Public Markets I LLC bought a new position in shares of Ulta Beauty during the second quarter worth approximately $1,387,000. Finally, Mackenzie Financial Corp boosted its stake in Ulta Beauty by 12.8% in the 2nd quarter. Mackenzie Financial Corp now owns 12,501 shares of the specialty retailer’s stock valued at $4,824,000 after purchasing an additional 1,416 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $417.83 on Friday. The firm has a market cap of $19.37 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 1.00 and a beta of 1.28. The firm has a 50 day moving average price of $407.85 and a two-hundred day moving average price of $385.62. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the company earned $5.07 EPS. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, equities research analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ULTA has been the subject of a number of research reports. Raymond James dropped their target price on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a report on Monday, October 14th. Morgan Stanley raised shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $430.00 to $500.00 in a report on Tuesday, January 21st. Barclays raised their target price on shares of Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a report on Thursday, January 9th. Citigroup lifted their price target on shares of Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Finally, BMO Capital Markets increased their price target on Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. 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. According to data from MarketBeat.com, Ulta Beauty presently has an average rating of “Hold” and an average target price of $459.22.

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.