Eagle Ridge Investment Management Buys 390 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Eagle Ridge Investment Management boosted its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 61,735 shares of the specialty retailer’s stock after acquiring an additional 390 shares during the period. Ulta Beauty accounts for 2.3% of Eagle Ridge Investment Management’s portfolio, making the stock its 13th biggest position. Eagle Ridge Investment Management’s holdings in Ulta Beauty were worth $26,850,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ULTA. International Assets Investment Management LLC lifted its stake in 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. Ontario Teachers Pension Plan Board acquired a new position in Ulta Beauty in the third quarter valued at approximately $359,480,000. Holocene Advisors LP lifted its stake in Ulta Beauty by 3,246.2% in the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after buying an additional 335,914 shares during the period. Atreides Management LP acquired a new position in Ulta Beauty in the third quarter valued at approximately $73,069,000. Finally, Assenagon Asset Management S.A. lifted its stake in Ulta Beauty by 258.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock valued at $54,884,000 after buying an additional 90,972 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $401.60 on Friday. The company has a market capitalization of $18.62 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 0.98 and a beta of 1.28. The business has a fifty day moving average price of $417.52 and a two-hundred day moving average price of $386.23. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.07 EPS. Sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Citigroup upped their target price on Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Loop Capital upped their target price on Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Barclays upped their target price on Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 9th. Oppenheimer upped their target price on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company upped their target price on Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Ulta Beauty presently 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.