Kathmere Capital Management LLC Buys Shares of 497 Ulta Beauty, Inc. (NASDAQ:ULTA)

Kathmere Capital Management LLC purchased a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the 4th quarter, Holdings Channel reports. The firm purchased 497 shares of the specialty retailer’s stock, valued at approximately $216,000.

A number of other large investors also recently modified their holdings of ULTA. International Assets Investment Management LLC increased its holdings in Ulta Beauty by 180,713.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after purchasing an additional 1,237,884 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in shares of Ulta Beauty during the third quarter worth about $359,480,000. Holocene Advisors LP increased its stake in shares of Ulta Beauty by 3,246.2% in the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after buying an additional 335,914 shares during the period. Atreides Management LP bought a new position in Ulta Beauty in the 3rd quarter valued at approximately $73,069,000. Finally, Hsbc Holdings PLC boosted its position in Ulta Beauty by 87.3% during the 2nd quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer’s stock worth $130,380,000 after buying an additional 157,497 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ULTA has been the subject of several recent research reports. DA Davidson upped their price target on shares of Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, December 6th. BMO Capital Markets raised their target price on Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft reduced their price target on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. UBS Group raised their price objective on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. upped their target price on Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $460.30.

Ulta Beauty Trading Up 1.5 %

Shares of ULTA stock opened at $413.33 on Friday. The firm has a market capitalization of $19.17 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28. The firm has a fifty day simple moving average of $403.23 and a two-hundred day simple moving average of $384.42. 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 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 net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the firm posted $5.07 earnings per share. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities analysts predict that Ulta Beauty, Inc. will post 23.93 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.