Ulta Beauty, Inc. (NASDAQ:ULTA) is Courant Investment Management LLC’s 6th Largest Position

Courant Investment Management LLC lifted its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 13.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,173 shares of the specialty retailer’s stock after buying an additional 3,173 shares during the quarter. Ulta Beauty makes up 9.6% of Courant Investment Management LLC’s holdings, making the stock its 6th largest position. Courant Investment Management LLC owned about 0.06% of Ulta Beauty worth $11,383,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ULTA. Farther Finance Advisors LLC increased its stake in shares of Ulta Beauty by 4.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock valued at $244,000 after purchasing an additional 28 shares in the last quarter. Daymark Wealth Partners LLC increased its position in shares of Ulta Beauty by 3.0% in the second quarter. Daymark Wealth Partners LLC now owns 1,221 shares of the specialty retailer’s stock valued at $471,000 after buying an additional 36 shares in the last quarter. Global Trust Asset Management LLC raised its stake in shares of Ulta Beauty by 39.6% during the 3rd quarter. Global Trust Asset Management LLC now owns 141 shares of the specialty retailer’s stock worth $55,000 after buying an additional 40 shares during the period. Empirical Finance LLC raised its stake in shares of Ulta Beauty by 1.3% during the 3rd quarter. Empirical Finance LLC now owns 3,231 shares of the specialty retailer’s stock worth $1,257,000 after buying an additional 42 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Ulta Beauty by 0.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,817 shares of the specialty retailer’s stock valued at $1,874,000 after buying an additional 43 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Performance

ULTA stock opened at $418.55 on Friday. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The firm has a market cap of $19.41 billion, a PE ratio of 16.75, a PEG ratio of 1.00 and a beta of 1.28. The firm’s 50 day moving average price is $406.08 and its 200-day moving average price is $385.23.

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

Wall Street Analysts Forecast Growth

ULTA has been the subject of a number of research analyst reports. TD Cowen upped their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Citigroup upped their price target on shares of Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. DA Davidson raised their price target on shares of Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Oppenheimer boosted their price objective on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. One research 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.com, the stock currently has a consensus rating of “Hold” and an average target price of $459.22.

Ulta Beauty 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.