Allen Capital Group LLC Acquires 566 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Allen Capital Group LLC raised its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 24.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,865 shares of the specialty retailer’s stock after purchasing an additional 566 shares during the quarter. Allen Capital Group LLC’s holdings in Ulta Beauty were worth $1,246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. International Assets Investment Management LLC boosted its stake in shares of Ulta Beauty by 180,713.0% in the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after buying an additional 1,237,884 shares during the period. Geode Capital Management LLC grew its holdings in shares of Ulta Beauty by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock valued at $461,059,000 after purchasing an additional 10,153 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new position in Ulta Beauty during the 3rd quarter worth approximately $359,480,000. Champlain Investment Partners LLC lifted its stake in Ulta Beauty by 5.4% in the 3rd quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock valued at $237,519,000 after purchasing an additional 31,540 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt boosted its position in Ulta Beauty by 14.4% in the third quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock valued at $200,944,000 after buying an additional 65,000 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Trading Down 1.1 %

ULTA stock opened at $408.81 on Wednesday. The firm has a 50 day moving average of $410.50 and a 200-day moving average of $385.57. The firm has a market capitalization of $18.96 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly 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 business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the business earned $5.07 earnings per share. Sell-side analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Wall Street Analyst Weigh In

ULTA has been the subject of several research analyst reports. Loop Capital upped their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a report on Monday, December 9th. DA Davidson upped their target price on Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Stifel Nicolaus lifted their price target on Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, Piper Sandler boosted their price target on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.