Edge Capital Group LLC Purchases New Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Edge Capital Group LLC acquired a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the 4th quarter, HoldingsChannel reports. The firm acquired 83,744 shares of the specialty retailer’s stock, valued at approximately $33,000.

A number of other hedge funds have also made changes to their positions in ULTA. Blue Trust Inc. increased its position in shares of Ulta Beauty by 22.4% during the third quarter. Blue Trust Inc. now owns 240 shares of the specialty retailer’s stock worth $93,000 after purchasing an additional 44 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Ulta Beauty by 63.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,468 shares of the specialty retailer’s stock worth $2,128,000 after purchasing an additional 2,114 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Ulta Beauty by 14.5% during the third quarter. Private Advisor Group LLC now owns 11,473 shares of the specialty retailer’s stock worth $4,464,000 after buying an additional 1,451 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Ulta Beauty by 27.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,147 shares of the specialty retailer’s stock worth $1,675,000 after buying an additional 889 shares in the last quarter. Finally, Forsta AP Fonden raised its position in shares of Ulta Beauty by 12.1% in the third quarter. Forsta AP Fonden now owns 10,200 shares of the specialty retailer’s stock valued at $3,969,000 after buying an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Trading Up 0.6 %

Shares of NASDAQ ULTA opened at $363.89 on Tuesday. The stock has a market cap of $16.87 billion, a P/E ratio of 14.56, a PEG ratio of 0.89 and a beta of 1.28. The business’s fifty day simple moving average is $407.66 and its 200-day simple moving average is $387.80. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76.

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 analysts’ consensus estimates of $4.45 by $0.69. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $5.07 EPS. On average, equities analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ULTA shares. BMO Capital Markets boosted their price target 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. JPMorgan Chase & Co. boosted their target price on Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Loop Capital increased their price target on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a report on Monday, December 9th. Piper Sandler boosted their price objective on Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. Finally, Stifel Nicolaus upped their price objective on Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. One research 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.