606 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC bought a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 606 shares of the specialty retailer’s stock, valued at approximately $264,000.

A number of other hedge funds have also made changes to their positions in ULTA. Ontario Teachers Pension Plan Board acquired a new stake in Ulta Beauty in the 3rd quarter valued at about $359,480,000. Holocene Advisors LP increased its position in Ulta Beauty by 3,246.2% in the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after acquiring an additional 335,914 shares in the last quarter. Atreides Management LP acquired a new stake in Ulta Beauty in the 3rd quarter valued at about $73,069,000. Proficio Capital Partners LLC acquired a new stake in Ulta Beauty in the 4th quarter valued at about $58,074,000. Finally, Victory Capital Management Inc. increased its position in Ulta Beauty by 364.6% in the 4th quarter. Victory Capital Management Inc. now owns 159,053 shares of the specialty retailer’s stock valued at $69,177,000 after acquiring an additional 124,822 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ULTA shares. Wells Fargo & Company lowered their price objective on shares of Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating for the company in a research report on Friday. UBS Group raised their target price on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, December 6th. B. Riley reduced their target price on shares of Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating on the stock in a research note on Friday. Piper Sandler reduced their target price on shares of Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Canaccord Genuity Group reduced their target price on shares of Ulta Beauty from $538.00 to $526.00 and set a “buy” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $427.13.

Ulta Beauty Stock Down 0.1 %

NASDAQ ULTA opened at $356.99 on Tuesday. Ulta Beauty, Inc. has a 12-month low of $309.01 and a 12-month high of $544.36. The company has a market capitalization of $16.55 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The firm’s 50 day moving average is $383.53 and its 200-day moving average is $386.87.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, topping analysts’ consensus estimates of $7.13 by $1.33. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $8.08 earnings per share. As a group, sell-side analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

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.