Douglas Lane & Associates LLC Has $917,000 Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Douglas Lane & Associates LLC raised its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 5.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,109 shares of the specialty retailer’s stock after purchasing an additional 108 shares during the period. Douglas Lane & Associates LLC’s holdings in Ulta Beauty were worth $917,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Oppenheimer boosted their price target on Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday. Loop Capital boosted their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Raymond James reduced their price target on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a report on Monday, October 14th. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, B. Riley upgraded Ulta Beauty from a “sell” rating to a “neutral” rating and raised their target price for the company from $330.00 to $430.00 in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $458.78.

Ulta Beauty Price Performance

ULTA opened at $415.14 on Thursday. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The firm has a market capitalization of $19.25 billion, a P/E ratio of 16.61, a PEG ratio of 2.38 and a beta of 1.28. The company’s 50-day moving average is $400.28 and its 200 day moving average is $383.64.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.45 by $0.69. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $5.07 EPS. On average, equities research analysts expect that Ulta Beauty, Inc. will post 23.57 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.