Motco Raises Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Motco raised its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,734 shares of the specialty retailer’s stock after acquiring an additional 482 shares during the quarter. Motco’s holdings in Ulta Beauty were worth $8,583,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in Ulta Beauty by 4.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock valued at $244,000 after buying an additional 28 shares in the last quarter. Stonegate Investment Group LLC lifted its position in shares of Ulta Beauty by 0.5% in the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock valued at $2,881,000 after acquiring an additional 34 shares in the last quarter. Resonant Capital Advisors LLC boosted its stake in shares of Ulta Beauty by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock worth $685,000 after acquiring an additional 34 shares during the last quarter. Clear Creek Financial Management LLC increased its position in shares of Ulta Beauty by 4.4% during the fourth quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock worth $362,000 after purchasing an additional 35 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. raised its stake in Ulta Beauty by 4.2% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 861 shares of the specialty retailer’s stock valued at $374,000 after purchasing an additional 35 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Stock Down 0.3 %

Shares of NASDAQ:ULTA opened at $365.78 on Friday. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The firm’s 50 day moving average price is $404.31 and its 200 day moving average price is $387.81. The stock has a market cap of $16.96 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 0.89 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the company posted $5.07 earnings per share. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Analysts Set New Price Targets

ULTA has been the topic of several recent research reports. Wells Fargo & Company boosted their target price on Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a report on Tuesday, January 7th. Morgan Stanley raised shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating in a report on Wednesday, February 19th. BMO Capital Markets lifted their target price on shares of Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. TD Cowen boosted their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Ulta Beauty has an average rating of “Hold” and an average price target of $459.22.

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.