Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by HBW Advisory Services LLC

HBW Advisory Services LLC grew its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 11.3% during the 4th quarter, Holdings Channel reports. The firm owned 6,478 shares of the specialty retailer’s stock after buying an additional 658 shares during the period. HBW Advisory Services LLC’s holdings in Ulta Beauty were worth $2,817,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ULTA. Acadian Asset Management LLC acquired a new stake in shares of Ulta Beauty in the second quarter valued at approximately $525,000. Choreo LLC grew its position in shares of Ulta Beauty by 71.7% in the second quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock valued at $1,103,000 after purchasing an additional 1,198 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Ulta Beauty by 13.7% during the second quarter. Daiwa Securities Group Inc. now owns 6,728 shares of the specialty retailer’s stock worth $2,596,000 after acquiring an additional 812 shares during the last quarter. Headlands Technologies LLC boosted its position in Ulta Beauty by 245.2% during the second quarter. Headlands Technologies LLC now owns 1,588 shares of the specialty retailer’s stock worth $613,000 after acquiring an additional 1,128 shares during the last quarter. Finally, AGF Management Ltd. boosted its position in Ulta Beauty by 50.5% during the second quarter. AGF Management Ltd. now owns 6,165 shares of the specialty retailer’s stock worth $2,379,000 after acquiring an additional 2,070 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

Shares of ULTA stock traded up $6.90 on Friday, hitting $422.04. 499,261 shares of the stock traded hands, compared to its average volume of 834,636. The company has a market capitalization of $19.57 billion, a PE ratio of 16.89, a PEG ratio of 2.38 and a beta of 1.28. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The company’s fifty day moving average is $401.20 and its 200 day moving average is $383.86.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly 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. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the company posted $5.07 EPS. The business’s revenue was up 1.7% compared to the same quarter last year. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 23.57 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ULTA shares. Stifel Nicolaus raised their target price on shares of Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their target price on shares of Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. William Blair lowered shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Raymond James decreased their target price on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a research report on Monday, October 14th. Finally, Citigroup raised their target price on shares of Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ulta Beauty has an average rating of “Hold” and a consensus price target of $460.30.

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.