Summit Trail Advisors LLC Acquires Shares of 716 Ulta Beauty, Inc. (NASDAQ:ULTA)

Summit Trail Advisors LLC bought a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 716 shares of the specialty retailer’s stock, valued at approximately $311,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in Ulta Beauty by 4.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock valued at $244,000 after buying an additional 28 shares in the last quarter. Stonegate Investment Group LLC raised its holdings in shares of Ulta Beauty by 0.5% during the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock valued at $2,881,000 after acquiring an additional 34 shares during the last quarter. Resonant Capital Advisors LLC lifted its position in shares of Ulta Beauty by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock valued at $685,000 after acquiring an additional 34 shares in the last quarter. Clear Creek Financial Management LLC boosted its stake in shares of Ulta Beauty by 4.4% in the fourth quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock worth $362,000 after acquiring an additional 35 shares during the last quarter. Finally, Hedeker Wealth LLC increased its position in shares of Ulta Beauty by 0.5% during the fourth quarter. Hedeker Wealth LLC now owns 7,010 shares of the specialty retailer’s stock worth $3,049,000 after purchasing an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ULTA shares. Barclays lifted their target price on shares of Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 9th. William Blair lowered shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Morgan Stanley upgraded shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $430.00 to $500.00 in a report on Tuesday, January 21st. Bank of America boosted their target price on Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. One equities research 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 company has a consensus rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty Stock Down 0.4 %

ULTA opened at $373.12 on Thursday. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The business has a fifty day simple moving average of $417.04 and a 200-day simple moving average of $386.45. The firm has a market cap of $17.30 billion, a P/E ratio of 14.93, a P/E/G ratio of 0.96 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last announced its 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. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the business posted $5.07 EPS. Sell-side analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share 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.