Kathmere Capital Management LLC Invests $216,000 in Ulta Beauty, Inc. (NASDAQ:ULTA)

Kathmere Capital Management LLC bought a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 497 shares of the specialty retailer’s stock, valued at approximately $216,000.

Other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new position in Ulta Beauty during the second quarter worth $525,000. American Century Companies Inc. lifted its position in Ulta Beauty by 6.4% during the 2nd quarter. American Century Companies Inc. now owns 73,601 shares of the specialty retailer’s stock worth $28,400,000 after buying an additional 4,436 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Ulta Beauty by 5.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,779 shares of the specialty retailer’s stock worth $1,458,000 after buying an additional 181 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Ulta Beauty by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 422,801 shares of the specialty retailer’s stock valued at $163,149,000 after acquiring an additional 24,822 shares in the last quarter. Finally, Amalgamated Bank increased its position in shares of Ulta Beauty by 17.4% in the second quarter. Amalgamated Bank now owns 12,429 shares of the specialty retailer’s stock valued at $4,796,000 after acquiring an additional 1,842 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Up 1.5 %

ULTA stock opened at $413.33 on Friday. The company’s 50-day moving average price is $403.23 and its two-hundred day moving average price is $384.42. The firm has a market cap of $19.17 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.00 and a beta of 1.28. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the business posted $5.07 EPS. The company’s revenue was up 1.7% compared to the same quarter last year. Equities analysts predict that Ulta Beauty, Inc. will post 23.93 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on ULTA shares. JPMorgan Chase & Co. increased their price target on Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. B. Riley raised shares of Ulta Beauty from a “sell” rating to a “neutral” rating and raised their target price for the company from $330.00 to $430.00 in a research note on Tuesday, January 7th. Stifel Nicolaus upped their price target on shares of Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. BMO Capital Markets lifted their price objective on shares of Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Finally, Piper Sandler upped their target price on shares of Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $460.30.

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.