100 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Purchased by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC bought a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 100 shares of the specialty retailer’s stock, valued at approximately $43,000.

Several other large investors have also recently made changes to their positions in ULTA. Paladin Wealth LLC bought a new stake in Ulta Beauty in the 3rd quarter worth approximately $32,000. Sunbelt Securities Inc. increased its holdings in Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 45 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 50 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Ulta Beauty in the third quarter worth $41,000. Finally, American National Bank & Trust bought a new position in Ulta Beauty in the 3rd quarter worth $44,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ULTA has been the subject of a number of research reports. Wells Fargo & Company upped their target price on shares of Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 7th. BMO Capital Markets upped their price target on shares of Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. B. Riley upgraded shares of Ulta Beauty from a “sell” rating to a “neutral” rating and upped their target price for the company from $330.00 to $430.00 in a research report on Tuesday, January 7th. JPMorgan Chase & Co. upped their price objective on Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, DA Davidson raised their price target on Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Ulta Beauty presently has a consensus rating of “Hold” and an average target price of $460.30.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA traded down $13.90 during trading on Monday, hitting $404.33. The company’s stock had a trading volume of 424,720 shares, compared to its average volume of 836,264. The business has a 50 day moving average price of $402.01 and a two-hundred day moving average price of $384.00. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The company has a market capitalization of $18.75 billion, a PE ratio of 16.18, a P/E/G ratio of 2.38 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, topping 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 company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the business earned $5.07 EPS. Ulta Beauty’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, equities analysts expect that Ulta Beauty, Inc. will post 23.57 earnings per share 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.