IFP Advisors Inc Increases Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

IFP Advisors Inc lifted its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,481 shares of the specialty retailer’s stock after acquiring an additional 213 shares during the quarter. IFP Advisors Inc’s holdings in Ulta Beauty were worth $1,514,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in shares of Ulta Beauty by 22.4% in the 3rd quarter. Blue Trust Inc. now owns 240 shares of the specialty retailer’s stock worth $93,000 after purchasing an additional 44 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Ulta Beauty by 63.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,468 shares of the specialty retailer’s stock worth $2,128,000 after buying an additional 2,114 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Ulta Beauty by 27.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,147 shares of the specialty retailer’s stock worth $1,675,000 after buying an additional 889 shares during the period. Forsta AP Fonden boosted its position in Ulta Beauty by 12.1% during the 3rd quarter. Forsta AP Fonden now owns 10,200 shares of the specialty retailer’s stock valued at $3,969,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Ulta Beauty by 2.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 8,011 shares of the specialty retailer’s stock valued at $3,117,000 after acquiring an additional 167 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Trading Up 0.3 %

Shares of NASDAQ ULTA opened at $366.73 on Thursday. The stock has a market cap of $17.01 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 0.89 and a beta of 1.28. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The company has a 50 day simple moving average of $405.50 and a two-hundred day simple moving average of $387.96.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results 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 company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $5.07 earnings per share. Analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Wall Street Analysts Forecast Growth

ULTA has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Morgan Stanley upgraded shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating in a report on Wednesday, February 19th. UBS Group raised their price target on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a report on Friday, December 6th. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a research report on Tuesday, January 7th. 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 currently 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.