Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by Quent Capital LLC

Quent Capital LLC raised its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 37.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 197 shares of the specialty retailer’s stock after purchasing an additional 54 shares during the quarter. Quent Capital LLC’s holdings in Ulta Beauty were worth $86,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. boosted its holdings in shares of Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 45 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in shares of Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 50 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Ulta Beauty in the 3rd quarter valued at $41,000. Future Financial Wealth Managment LLC acquired a new position in shares of Ulta Beauty in the 4th quarter valued at $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in shares of Ulta Beauty in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

ULTA has been the topic of a number of research analyst reports. B. Riley upgraded shares of Ulta Beauty from a “sell” rating to a “neutral” rating and lifted their price target for the company from $330.00 to $430.00 in a report on Tuesday, January 7th. Piper Sandler lifted their target price on shares of Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a report on Monday, January 6th. William Blair lowered shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Bank of America lifted their target price on shares of Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Barclays lifted their target price on shares of Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty Stock Performance

ULTA opened at $373.12 on Thursday. The company has a 50-day moving average of $417.04 and a 200-day moving average of $386.45. The company has a market capitalization of $17.30 billion, a P/E ratio of 14.93, a PEG ratio of 0.96 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.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.45 by $0.69. The company had revenue of $2.53 billion during 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 company’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.07 EPS. As a group, sell-side analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share 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.