Avaii Wealth Management LLC Makes New Investment in Ulta Beauty, Inc. (NASDAQ:ULTA)

Avaii Wealth Management LLC acquired a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,432 shares of the specialty retailer’s stock, valued at approximately $623,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ULTA. International Assets Investment Management LLC boosted its stake in Ulta Beauty by 180,713.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after purchasing an additional 1,237,884 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new position in shares of Ulta Beauty during the third quarter valued at approximately $359,480,000. Holocene Advisors LP grew its holdings in Ulta Beauty by 3,246.2% during the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock worth $134,737,000 after buying an additional 335,914 shares in the last quarter. Atreides Management LP purchased a new stake in Ulta Beauty in the 3rd quarter valued at $73,069,000. Finally, Assenagon Asset Management S.A. boosted its holdings in Ulta Beauty by 258.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock worth $54,884,000 after acquiring an additional 90,972 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of NASDAQ ULTA opened at $417.83 on Friday. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The stock has a market cap of $19.37 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28. The stock has a fifty day moving average of $407.85 and a 200-day moving average of $385.62.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the firm earned $5.07 EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, sell-side analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ULTA. Stifel Nicolaus increased their target price on shares of Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. Loop Capital increased their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research note on Monday, December 9th. B. Riley upgraded Ulta Beauty from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $330.00 to $430.00 in a research note on Tuesday, January 7th. Piper Sandler lifted their price target on Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $500.00 price objective on shares of Ulta Beauty in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.