Littlejohn Financial Services Inc. Acquires Shares of 2,387 Ulta Beauty, Inc. (NASDAQ:ULTA)

Littlejohn Financial Services Inc. bought a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,387 shares of the specialty retailer’s stock, valued at approximately $1,038,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Farther Finance Advisors LLC boosted its holdings in shares of Ulta Beauty by 4.7% in the third quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock valued at $244,000 after purchasing an additional 28 shares during the period. Stonegate Investment Group LLC lifted its holdings in shares of Ulta Beauty by 0.5% in the 4th quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock worth $2,881,000 after buying an additional 34 shares during the period. Resonant Capital Advisors LLC lifted its holdings in shares of Ulta Beauty by 2.2% in the 4th quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock worth $685,000 after buying an additional 34 shares during the period. Clear Creek Financial Management LLC grew its position in shares of Ulta Beauty by 4.4% during the 4th quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock worth $362,000 after buying an additional 35 shares in the last quarter. Finally, Hedeker Wealth LLC raised its holdings in shares of Ulta Beauty by 0.5% in the fourth quarter. Hedeker Wealth LLC now owns 7,010 shares of the specialty retailer’s stock valued at $3,049,000 after acquiring an additional 38 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citigroup increased their price target on shares of Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. UBS Group raised their target price 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $500.00 price target on shares of Ulta Beauty in a research report on Tuesday, January 7th. Bank of America increased their price objective on Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Stifel Nicolaus boosted their target price on Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $459.22.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $360.44 on Friday. The firm has a market capitalization of $16.71 billion, a P/E ratio of 14.42, a PEG ratio of 0.96 and a beta of 1.28. The company’s fifty day moving average price is $416.50 and its 200-day moving average price is $386.35. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly 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. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $5.07 EPS. Equities analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Ulta Beauty 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.