Simon Quick Advisors LLC Purchases Shares of 466 Ulta Beauty, Inc. (NASDAQ:ULTA)

Simon Quick Advisors LLC acquired a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 466 shares of the specialty retailer’s stock, valued at approximately $203,000.

A number of other hedge funds have also recently made changes to their positions in ULTA. Paladin Wealth LLC bought a new position in Ulta Beauty in the 3rd quarter worth approximately $32,000. Sunbelt Securities Inc. lifted its holdings in shares of Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after buying an additional 45 shares in the last quarter. Westside Investment Management Inc. boosted its position in shares of Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 50 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Ulta Beauty during the third quarter valued at $41,000. Finally, Future Financial Wealth Managment LLC bought a new stake in Ulta Beauty in the 4th quarter valued at $43,000. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Loop Capital raised their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Stifel Nicolaus raised their price target on Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. TD Cowen upped their price objective on Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Citigroup raised their target price on shares of Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Oppenheimer increased their price objective on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Ulta Beauty currently has an average rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty Price Performance

Shares of ULTA stock opened at $417.83 on Friday. The company has a market capitalization of $19.37 billion, a P/E ratio of 16.72, a P/E/G ratio of 1.00 and a beta of 1.28. The company’s 50-day simple moving average is $406.80 and its two-hundred day simple moving average is $385.47. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping the consensus estimate of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the business posted $5.07 EPS. Ulta Beauty’s quarterly revenue was up 1.7% on a year-over-year basis. On average, research analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

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.