Octavia Wealth Advisors LLC Buys 255 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Octavia Wealth Advisors LLC lifted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 43.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 837 shares of the specialty retailer’s stock after acquiring an additional 255 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in Ulta Beauty were worth $364,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC bought a new position in shares of Ulta Beauty during the second quarter worth about $19,136,000. Jensen Investment Management Inc. raised its position in shares of Ulta Beauty by 17.9% during the third quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock worth $4,409,000 after acquiring an additional 1,720 shares during the last quarter. Distillate Capital Partners LLC bought a new position in shares of Ulta Beauty during the second quarter worth about $14,665,000. Versor Investments LP bought a new position in shares of Ulta Beauty during the third quarter worth about $793,000. Finally, Stephens Inc. AR raised its position in shares of Ulta Beauty by 31.0% during the third quarter. Stephens Inc. AR now owns 16,014 shares of the specialty retailer’s stock worth $6,231,000 after acquiring an additional 3,791 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on ULTA. DA Davidson raised their target price on Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. TD Cowen raised their target price on Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. UBS Group raised their target price on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, B. Riley raised Ulta Beauty from a “sell” rating to a “neutral” rating and raised their target price for the stock from $330.00 to $430.00 in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $459.22.

Ulta Beauty Price Performance

Shares of ULTA opened at $422.16 on Wednesday. The firm has a market cap of $19.58 billion, a PE ratio of 16.89, a PEG ratio of 0.97 and a beta of 1.28. The stock’s fifty day moving average price is $404.52 and its two-hundred day moving average price is $384.77. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.69. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates 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 was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $5.07 earnings per share. Sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.93 earnings per share for the current fiscal 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.