Groesbeck Investment Management Corp NJ Has $524,000 Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Groesbeck Investment Management Corp NJ cut its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 18.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,205 shares of the specialty retailer’s stock after selling 275 shares during the period. Groesbeck Investment Management Corp NJ’s holdings in Ulta Beauty were worth $524,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ULTA. International Assets Investment Management LLC boosted its position in Ulta Beauty by 180,713.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after buying an additional 1,237,884 shares during the period. Ontario Teachers Pension Plan Board acquired a new stake in Ulta Beauty during the 3rd quarter worth approximately $359,480,000. Holocene Advisors LP boosted its position in Ulta Beauty by 3,246.2% during the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock worth $134,737,000 after buying an additional 335,914 shares during the period. Atreides Management LP acquired a new stake in Ulta Beauty during the 3rd quarter worth approximately $73,069,000. Finally, Assenagon Asset Management S.A. boosted its position in Ulta Beauty by 258.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock worth $54,884,000 after buying an additional 90,972 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Trading Up 0.3 %

Shares of ULTA stock opened at $409.19 on Wednesday. The firm has a market capitalization of $18.97 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 0.98 and a beta of 1.28. The firm has a fifty day simple moving average of $415.83 and a two-hundred day simple moving average of $385.93. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. Ulta Beauty’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.07 EPS. On average, equities analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. TD Cowen lifted their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Stifel Nicolaus raised their price target on shares of Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. raised their price target on shares of Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Bank of America raised their price target on shares of Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $500.00 price target on shares of Ulta Beauty in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Ulta Beauty currently has a consensus rating of “Hold” and an average target price 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.