Ulta Beauty, Inc. (NASDAQ:ULTA) Stake Increased by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. increased its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,774 shares of the specialty retailer’s stock after buying an additional 690 shares during the period. GHP Investment Advisors Inc. owned about 0.07% of Ulta Beauty worth $13,385,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Farther Finance Advisors LLC increased its stake in Ulta Beauty by 4.7% during the third quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock valued at $244,000 after purchasing an additional 28 shares during the last quarter. Stonegate Investment Group LLC grew its position in shares of Ulta Beauty by 0.5% during the 4th quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock valued at $2,881,000 after buying an additional 34 shares during the last quarter. Resonant Capital Advisors LLC grew its position in shares of Ulta Beauty by 2.2% during the 4th quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock valued at $685,000 after buying an additional 34 shares during the last quarter. Clear Creek Financial Management LLC grew its holdings in shares of Ulta Beauty by 4.4% during the fourth quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock valued at $362,000 after purchasing an additional 35 shares during the last quarter. Finally, Global Trust Asset Management LLC grew its holdings in shares of Ulta Beauty by 39.6% during the third quarter. Global Trust Asset Management LLC now owns 141 shares of the specialty retailer’s stock valued at $55,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. TD Cowen upped their price objective on Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. B. Riley upgraded shares of Ulta Beauty from a “sell” rating to a “neutral” rating and upped their target price for the stock from $330.00 to $430.00 in a research report on Tuesday, January 7th. Barclays increased their price objective on Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a report on Thursday, January 9th. Morgan Stanley upgraded shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $430.00 to $500.00 in a research report on Tuesday, January 21st. Finally, Oppenheimer increased their price target on Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $459.22.

Ulta Beauty Stock Performance

Shares of ULTA opened at $410.67 on Thursday. The firm has a market capitalization of $19.04 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 0.98 and a beta of 1.28. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The business’s fifty day moving average price is $416.81 and its two-hundred day moving average price is $386.06.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS 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 firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the business earned $5.07 EPS. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, research analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current 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.