Proficio Capital Partners LLC Invests $58.07 Million in Ulta Beauty, Inc. (NASDAQ:ULTA)

Proficio Capital Partners LLC acquired a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the 4th quarter, Holdings Channel reports. The fund acquired 133,524 shares of the specialty retailer’s stock, valued at approximately $58,074,000.

Several other hedge funds have also modified their holdings of ULTA. Sunbelt Securities Inc. raised its holdings in shares of Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 45 shares in the last quarter. Westside Investment Management Inc. raised its holdings in shares of Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 50 shares in the last quarter. Edge Capital Group LLC purchased a new stake in Ulta Beauty during the 4th quarter valued at $33,000. Harvest Fund Management Co. Ltd purchased a new stake in Ulta Beauty during the 3rd quarter valued at $41,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in Ulta Beauty during the 4th quarter valued at $43,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Price Performance

Shares of ULTA stock opened at $365.78 on Friday. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The stock’s 50-day moving average is $404.31 and its 200 day moving average is $387.81. The company has a market cap of $16.96 billion, a P/E ratio of 14.64, a PEG ratio of 0.89 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS 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 company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the business posted $5.07 earnings per share. The firm’s revenue was up 1.7% compared to the same quarter last year. On average, analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Citigroup increased their price target on Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Bank of America increased their price target on Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Stifel Nicolaus increased their price target on 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 target on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, William Blair lowered Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $459.22.

Ulta Beauty Company 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.