Secure Asset Management LLC Acquires Shares of 622 Ulta Beauty, Inc. (NASDAQ:ULTA)

Secure Asset Management LLC bought a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 622 shares of the specialty retailer’s stock, valued at approximately $271,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ULTA. International Assets Investment Management LLC raised its position in Ulta Beauty by 180,713.0% during the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after acquiring an additional 1,237,884 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Ulta Beauty by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock worth $461,059,000 after purchasing an additional 10,153 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new position in shares of Ulta Beauty in the third quarter valued at approximately $359,480,000. Champlain Investment Partners LLC grew its stake in Ulta Beauty by 5.4% in the 3rd quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock worth $237,519,000 after acquiring an additional 31,540 shares during the period. Finally, Alecta Tjanstepension Omsesidigt grew its position in shares of Ulta Beauty by 14.4% in the third quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock valued at $200,944,000 after purchasing an additional 65,000 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Bank of America raised their target price on shares of Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Piper Sandler raised their price objective on Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Morgan Stanley upgraded shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $430.00 to $500.00 in a report on Tuesday, January 21st. Barclays lifted their target price on shares of Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a report on Thursday, January 9th. Finally, Raymond James reduced their price target on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $417.83 on Friday. The firm has a market capitalization of $19.37 billion, a PE ratio of 16.72, 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. The company’s 50 day simple moving average is $407.85 and its 200 day simple moving average is $385.62.

Ulta Beauty (NASDAQ:ULTA) last announced 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. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.07 earnings per share. Sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

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.