Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by HBW Advisory Services LLC

HBW Advisory Services LLC grew its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 11.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,478 shares of the specialty retailer’s stock after acquiring an additional 658 shares during the period. HBW Advisory Services LLC’s holdings in Ulta Beauty were worth $2,817,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of ULTA. Acadian Asset Management LLC acquired a new position in shares of Ulta Beauty in the second quarter worth $525,000. Choreo LLC grew its stake in shares of Ulta Beauty by 71.7% during the second quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock worth $1,103,000 after purchasing an additional 1,198 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Ulta Beauty by 13.7% during the second quarter. Daiwa Securities Group Inc. now owns 6,728 shares of the specialty retailer’s stock worth $2,596,000 after purchasing an additional 812 shares in the last quarter. Headlands Technologies LLC grew its stake in shares of Ulta Beauty by 245.2% during the second quarter. Headlands Technologies LLC now owns 1,588 shares of the specialty retailer’s stock worth $613,000 after purchasing an additional 1,128 shares in the last quarter. Finally, AGF Management Ltd. grew its stake in shares of Ulta Beauty by 50.5% during the second quarter. AGF Management Ltd. now owns 6,165 shares of the specialty retailer’s stock worth $2,379,000 after purchasing an additional 2,070 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Up 1.7 %

NASDAQ ULTA traded up $6.90 during trading hours on Friday, hitting $422.04. 499,261 shares of the stock were exchanged, compared to its average volume of 834,636. The company has a market cap of $19.57 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 2.38 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 stock has a 50-day moving average of $401.20 and a 200 day moving average of $383.86.

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, topping 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 company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the business posted $5.07 earnings per share. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities research analysts expect that Ulta Beauty, Inc. will post 23.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ULTA. Telsey Advisory Group reiterated an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a research note on Tuesday. Raymond James decreased their price objective on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. UBS Group upped their price objective on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, B. Riley upgraded shares of Ulta Beauty from a “sell” rating to a “neutral” rating and upped their price objective for the company from $330.00 to $430.00 in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $460.30.

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.