Monetta Financial Services Inc. purchased a new position in Ulta Beauty Inc (NASDAQ:ULTA) during the fourth quarter, HoldingsChannel reports. The fund purchased 6,000 shares of the specialty retailer’s stock, valued at approximately $1,354,000.
Other institutional investors have also recently made changes to their positions in the company. Comerica Bank raised its stake in Ulta Beauty by 37.0% in the third quarter. Comerica Bank now owns 39,592 shares of the specialty retailer’s stock valued at $7,986,000 after purchasing an additional 10,690 shares in the last quarter. First Manhattan Co. purchased a new stake in Ulta Beauty in the fourth quarter valued at approximately $62,331,000. Parametric Portfolio Associates LLC raised its stake in Ulta Beauty by 31.3% in the third quarter. Parametric Portfolio Associates LLC now owns 198,278 shares of the specialty retailer’s stock valued at $44,823,000 after purchasing an additional 47,253 shares in the last quarter. First American Trust FSB purchased a new stake in Ulta Beauty in the fourth quarter valued at approximately $2,869,000. Finally, Alps Advisors Inc. raised its stake in Ulta Beauty by 34.8% in the third quarter. Alps Advisors Inc. now owns 2,613 shares of the specialty retailer’s stock valued at $591,000 after purchasing an additional 674 shares in the last quarter. 86.68% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on ULTA shares. Buckingham Research reaffirmed a “buy” rating on shares of Ulta Beauty in a research note on Tuesday, January 23rd. Loop Capital set a $300.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Sunday, December 3rd. Wells Fargo & Co set a $297.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Thursday, January 11th. BidaskClub downgraded shares of Ulta Beauty from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. Finally, Vetr upgraded shares of Ulta Beauty from a “buy” rating to a “strong-buy” rating and set a $254.50 price target on the stock in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $262.91.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.03. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Ulta Beauty had a net margin of 8.82% and a return on equity of 29.64%. equities analysts expect that Ulta Beauty Inc will post 8.35 earnings per share for the current fiscal year.
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About Ulta Beauty
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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