Fishman Jay A Ltd. MI Purchases 75 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Fishman Jay A Ltd. MI grew its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,340 shares of the specialty retailer’s stock after purchasing an additional 75 shares during the quarter. Fishman Jay A Ltd. MI’s holdings in Ulta Beauty were worth $1,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of ULTA. Paladin Wealth LLC bought a new position in shares of Ulta Beauty during the third quarter worth $32,000. Sunbelt Securities Inc. boosted its position in shares of Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 45 shares during the last quarter. Westside Investment Management Inc. boosted its position in shares of Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 50 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Ulta Beauty during the third quarter worth $41,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of Ulta Beauty during the fourth quarter worth $43,000. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ULTA shares. Canaccord Genuity Group upped their target price on shares of Ulta Beauty from $500.00 to $538.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. BMO Capital Markets upped their target price on shares of Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Barclays upped their price target on shares of Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a research note on Thursday, January 9th. Piper Sandler upped their price target on shares of Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. Finally, Wells Fargo & Company upped their price target 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. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Price Performance

ULTA stock opened at $374.53 on Wednesday. The company has a market capitalization of $17.37 billion, a PE ratio of 14.99, a P/E/G ratio of 0.96 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 firm’s 50-day moving average is $417.45 and its 200 day moving average is $386.41.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly 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. The company had revenue of $2.53 billion for 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 revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $5.07 EPS. Sell-side analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

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.