Fishman Jay A Ltd. MI Increases Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Fishman Jay A Ltd. MI lifted its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,340 shares of the specialty retailer’s stock after purchasing an additional 75 shares during the period. Fishman Jay A Ltd. MI’s holdings in Ulta Beauty were worth $1,888,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ULTA. Paladin Wealth LLC purchased a new stake in shares of Ulta Beauty in the 3rd quarter worth about $32,000. Sunbelt Securities Inc. lifted its position 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 worth $32,000 after purchasing an additional 45 shares during the period. Westside Investment Management Inc. lifted its position 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 worth $32,000 after purchasing an additional 50 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Ulta Beauty during the 3rd quarter valued at about $41,000. Finally, Future Financial Wealth Managment LLC bought a new stake in Ulta Beauty during the fourth quarter worth about $43,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on ULTA. Morgan Stanley raised shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $430.00 to $500.00 in a research note on Tuesday, January 21st. BMO Capital Markets boosted their price objective on shares of Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Piper Sandler boosted their price objective on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. Telsey Advisory Group reissued an “outperform” rating and set a $500.00 price objective on shares of Ulta Beauty in a research note on Tuesday, January 7th. Finally, DA Davidson boosted their price objective on shares of Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Ulta Beauty has an average rating of “Hold” and an average price target of $459.22.

Ulta Beauty Stock Down 0.5 %

ULTA opened at $374.53 on Wednesday. The firm has a 50 day moving average price of $417.45 and a 200-day moving average price of $386.41. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The stock has a market capitalization of $17.37 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 0.96 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the company earned $5.07 earnings per share. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

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.