Secure Asset Management LLC Acquires Shares of 622 Ulta Beauty, Inc. (NASDAQ:ULTA)

Secure Asset Management LLC purchased a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the fourth quarter, Holdings Channel.com reports. The firm purchased 622 shares of the specialty retailer’s stock, valued at approximately $271,000.

Several other hedge funds have also made changes to their positions in ULTA. Advisory Alpha LLC acquired a new stake in Ulta Beauty during the 4th quarter valued at $215,000. Simon Quick Advisors LLC acquired a new position in Ulta Beauty during the fourth quarter valued at $203,000. Octavia Wealth Advisors LLC lifted its stake in Ulta Beauty by 43.8% in the 4th quarter. Octavia Wealth Advisors LLC now owns 837 shares of the specialty retailer’s stock worth $364,000 after acquiring an additional 255 shares in the last quarter. Chesley Taft & Associates LLC acquired a new stake in Ulta Beauty during the 4th quarter worth about $208,000. Finally, Crossmark Global Holdings Inc. grew its stake in Ulta Beauty by 53.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 2,196 shares of the specialty retailer’s stock valued at $955,000 after acquiring an additional 764 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on ULTA shares. Bank of America raised their price target on shares of Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Wells Fargo & Company lifted their target price on shares of Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a research note on Tuesday, January 7th. Loop Capital upped their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. B. Riley raised Ulta Beauty from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $330.00 to $430.00 in a research report on Tuesday, January 7th. Finally, DA Davidson upped their target price on Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ulta Beauty has a consensus rating of “Hold” and an average target price of $459.22.

Ulta Beauty Price Performance

Shares of ULTA stock opened at $417.83 on Friday. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The stock has a market cap of $19.37 billion, a P/E ratio of 16.72, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28. The stock has a fifty day moving average price of $407.85 and a 200 day moving average price of $385.62.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the company earned $5.07 EPS. Ulta Beauty’s revenue was up 1.7% on a year-over-year basis. Equities research analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

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.