Tempus Wealth Planning LLC Has $488,000 Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Tempus Wealth Planning LLC lifted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 18.1% during the fourth quarter, HoldingsChannel reports. The firm owned 1,123 shares of the specialty retailer’s stock after buying an additional 172 shares during the quarter. Tempus Wealth Planning LLC’s holdings in Ulta Beauty were worth $488,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Resonant Capital Advisors LLC lifted its stake in Ulta Beauty by 2.2% in the 4th quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock valued at $685,000 after purchasing an additional 34 shares during the last quarter. JB Capital LLC boosted its stake in Ulta Beauty by 5.4% in the 4th quarter. JB Capital LLC now owns 8,178 shares of the specialty retailer’s stock valued at $3,557,000 after purchasing an additional 421 shares during the period. Spire Wealth Management boosted its stake in Ulta Beauty by 51.8% in the 4th quarter. Spire Wealth Management now owns 1,008 shares of the specialty retailer’s stock valued at $438,000 after purchasing an additional 344 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its stake in Ulta Beauty by 1,455.0% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 21,972 shares of the specialty retailer’s stock valued at $9,556,000 after purchasing an additional 20,559 shares during the period. Finally, Coerente Capital Management boosted its stake in Ulta Beauty by 18.8% in the 4th quarter. Coerente Capital Management now owns 36,864 shares of the specialty retailer’s stock valued at $16,033,000 after purchasing an additional 5,830 shares during the period. 90.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ULTA has been the subject of several recent research reports. BMO Capital Markets boosted their price target on Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Loop Capital lifted their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a report on Monday, December 9th. Bank of America lifted their price objective on Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. TD Cowen lifted their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Finally, William Blair cut Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $459.22.

Ulta Beauty Stock Up 0.3 %

Shares of ULTA opened at $409.19 on Wednesday. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The business has a 50-day simple moving average of $415.83 and a two-hundred day simple moving average of $385.93. The stock has a market cap of $18.97 billion, a PE ratio of 16.37, a PEG ratio of 0.98 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last released 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. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the company posted $5.07 EPS. The business’s revenue was up 1.7% on a year-over-year basis. On average, 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.