Keybank National Association OH Boosts Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Keybank National Association OH boosted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 38.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,381 shares of the specialty retailer’s stock after acquiring an additional 33,032 shares during the period. Keybank National Association OH owned 0.26% of Ulta Beauty worth $51,487,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ULTA. Cornerstone Investment Partners LLC raised its holdings in shares of Ulta Beauty by 3.9% in the fourth quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock worth $289,000 after buying an additional 25 shares during the last quarter. Farther Finance Advisors LLC raised 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 worth $244,000 after buying an additional 28 shares during the last quarter. Stonegate Investment Group LLC raised its holdings 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 worth $2,881,000 after buying an additional 34 shares during the last quarter. Resonant Capital Advisors LLC raised its holdings 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 buying an additional 34 shares during the last quarter. Finally, Clear Creek Financial Management LLC raised its holdings in shares of Ulta Beauty by 4.4% in the fourth 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 during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on ULTA. Barclays boosted their target price on shares of Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a research report on Thursday, January 9th. JPMorgan Chase & Co. boosted their target price on shares of Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. B. Riley upgraded shares of Ulta Beauty from a “sell” rating to a “neutral” rating and boosted their target price for the company from $330.00 to $430.00 in a research report on Tuesday, January 7th. BMO Capital Markets lifted their price objective on shares of Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Finally, StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $459.22.

Ulta Beauty Trading Down 4.8 %

Shares of NASDAQ:ULTA opened at $348.86 on Tuesday. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The company’s 50 day moving average is $401.43 and its two-hundred day moving average is $388.82. The company has a market cap of $16.18 billion, a PE ratio of 13.96, a P/E/G ratio of 0.89 and a beta of 1.28.

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