Stonegate Investment Group LLC Has $2.88 Million Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Stonegate Investment Group LLC grew its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,623 shares of the specialty retailer’s stock after buying an additional 34 shares during the period. Stonegate Investment Group LLC’s holdings in Ulta Beauty were worth $2,881,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. International Assets Investment Management LLC increased its position in shares of Ulta Beauty by 180,713.0% during the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after acquiring an additional 1,237,884 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in Ulta Beauty during the third quarter worth about $359,480,000. Holocene Advisors LP increased its holdings in shares of Ulta Beauty by 3,246.2% during the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock worth $134,737,000 after acquiring an additional 335,914 shares during the last quarter. Atreides Management LP acquired a new position in shares of Ulta Beauty in the third quarter valued at $73,069,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Ulta Beauty by 258.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock worth $54,884,000 after acquiring an additional 90,972 shares during the period. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $415.00 on Tuesday. The business has a fifty day moving average price of $407.85 and a 200-day moving average price of $385.47. The firm has a market capitalization of $19.24 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate 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 earned $5.07 EPS. On average, equities research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ULTA has been the topic of a number of analyst reports. BMO Capital Markets increased their price target on Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Morgan Stanley raised Ulta Beauty from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $430.00 to $500.00 in a research note on Tuesday, January 21st. Canaccord Genuity Group raised their target price on Ulta Beauty from $500.00 to $538.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. DA Davidson boosted their target price on shares of Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Raymond James decreased their price target on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $459.22.

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.