SPX Gestao de Recursos Ltda Takes Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

SPX Gestao de Recursos Ltda acquired a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,200 shares of the specialty retailer’s stock, valued at approximately $522,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Investment Partners LLC boosted its holdings in Ulta Beauty by 3.9% in the fourth quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock valued at $289,000 after acquiring an additional 25 shares during the last quarter. Stonegate Investment Group LLC boosted its holdings in Ulta Beauty by 0.5% in the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock valued at $2,881,000 after acquiring an additional 34 shares during the last quarter. Resonant Capital Advisors LLC boosted its holdings in Ulta Beauty by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock valued at $685,000 after acquiring an additional 34 shares during the last quarter. Clear Creek Financial Management LLC boosted its holdings in Ulta Beauty by 4.4% in the fourth quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock valued at $362,000 after acquiring an additional 35 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. boosted its holdings in Ulta Beauty by 4.2% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 861 shares of the specialty retailer’s stock valued at $374,000 after acquiring an additional 35 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ULTA. UBS Group lifted their target price on Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a report on Friday, December 6th. JPMorgan Chase & Co. lifted their target price on Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Stifel Nicolaus boosted their price objective on Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. 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. Finally, Canaccord Genuity Group raised their target price on Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. One 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 company. Based on data from MarketBeat, Ulta Beauty has an average rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty Price Performance

Shares of ULTA stock opened at $354.48 on Tuesday. The firm has a market cap of $16.44 billion, a P/E ratio of 14.18, a P/E/G ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The firm has a fifty day moving average of $392.74 and a two-hundred day moving average of $387.98.

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.