Country Club Bank Makes New Investment in Ulta Beauty, Inc. (NASDAQ:ULTA)

Country Club Bank purchased a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the 4th quarter, Holdings Channel.com reports. The fund purchased 4,816 shares of the specialty retailer’s stock, valued at approximately $2,097,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ULTA. Sanctuary Advisors LLC acquired a new stake in Ulta Beauty during the 2nd quarter worth about $1,500,000. Handelsbanken Fonder AB grew its position in Ulta Beauty by 3.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 29,339 shares of the specialty retailer’s stock worth $11,416,000 after purchasing an additional 944 shares during the period. Czech National Bank grew its position in Ulta Beauty by 6.4% during the 3rd quarter. Czech National Bank now owns 9,720 shares of the specialty retailer’s stock worth $3,782,000 after purchasing an additional 585 shares during the period. GAMMA Investing LLC grew its position in Ulta Beauty by 26.0% during the 3rd quarter. GAMMA Investing LLC now owns 422 shares of the specialty retailer’s stock worth $164,000 after purchasing an additional 87 shares during the period. Finally, Diversified Trust Co grew its position in Ulta Beauty by 7.2% during the 3rd quarter. Diversified Trust Co now owns 3,061 shares of the specialty retailer’s stock worth $1,191,000 after purchasing an additional 206 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on ULTA. Piper Sandler raised their target price on Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a research report on Monday, January 6th. DA Davidson raised their target price on Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, December 6th. TD Cowen raised their target price on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Wells Fargo & Company raised their target price on Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a research report on Tuesday, January 7th. Finally, BMO Capital Markets raised their target price on Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. 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, Ulta Beauty presently has an average rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty Price Performance

ULTA opened at $409.19 on Wednesday. The company’s 50 day simple moving average is $415.83 and its two-hundred day simple moving average is $385.93. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The firm has a market capitalization of $18.97 billion, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 0.98 and a beta of 1.28.

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