Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Bought by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC grew its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,576 shares of the specialty retailer’s stock after purchasing an additional 34 shares during the period. Resonant Capital Advisors LLC’s holdings in Ulta Beauty were worth $685,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Paladin Wealth LLC purchased a new stake in shares of Ulta Beauty in the third quarter worth about $32,000. Sunbelt Securities Inc. raised its holdings in shares of Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 45 shares during the last quarter. Westside Investment Management Inc. raised its holdings in shares of Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 50 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Ulta Beauty in the third quarter valued at approximately $41,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Ulta Beauty in the fourth quarter valued at approximately $43,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Down 1.0 %

NASDAQ:ULTA opened at $408.14 on Tuesday. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The firm has a market capitalization of $18.93 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 0.98 and a beta of 1.28. The firm has a 50-day moving average price of $414.93 and a 200 day moving average price of $385.83.

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

Analysts Set New Price Targets

Several research firms have issued reports on ULTA. Telsey Advisory Group reissued an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a research note on Tuesday, January 7th. Piper Sandler lifted their target price on Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Morgan Stanley raised Ulta Beauty from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $430.00 to $500.00 in a report on Tuesday, January 21st. DA Davidson lifted their price target on Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, BMO Capital Markets lifted their target price on Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $459.22.

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.