QRG Capital Management Inc. Acquires 331 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

QRG Capital Management Inc. lifted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,155 shares of the specialty retailer’s stock after purchasing an additional 331 shares during the quarter. QRG Capital Management Inc.’s holdings in Ulta Beauty were worth $5,286,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sunbelt Securities Inc. increased 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 valued at $32,000 after buying an additional 45 shares during the period. Westside Investment Management Inc. increased its holdings in shares of Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 50 shares during the period. Edge Capital Group LLC bought a new position in shares of Ulta Beauty in the fourth quarter worth $33,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Ulta Beauty in the third quarter worth $41,000. Finally, Future Financial Wealth Managment LLC purchased a new position in Ulta Beauty during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ULTA. Canaccord Genuity Group raised their price target on Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Stifel Nicolaus lifted their target price on shares of Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. Citigroup boosted their price target on shares of Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, B. Riley upgraded shares of Ulta Beauty from a “sell” rating to a “neutral” rating and upped their target price for the stock from $330.00 to $430.00 in a research report on Tuesday, January 7th. One 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $459.22.

Ulta Beauty Stock Up 0.2 %

Shares of NASDAQ ULTA opened at $366.36 on Friday. The company has a market cap of $16.99 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 0.89 and a beta of 1.28. The firm’s fifty day moving average is $403.04 and its 200 day moving average is $388.12. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data 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 firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.07 earnings per share. Equities research analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current 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.