Optimum Investment Advisors grew its stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 777.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 790 shares of the specialty retailer’s stock after purchasing an additional 700 shares during the quarter. Optimum Investment Advisors’ holdings in Ulta Beauty were worth $193,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the business. FMR LLC increased its holdings in Ulta Beauty by 24.0% during the second quarter. FMR LLC now owns 948,576 shares of the specialty retailer’s stock worth $221,454,000 after buying an additional 183,611 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Ulta Beauty by 39.4% in the second quarter. Advisors Asset Management Inc. now owns 26,484 shares of the specialty retailer’s stock worth $6,183,000 after purchasing an additional 7,484 shares in the last quarter. Schroder Investment Management Group purchased a new position in shares of Ulta Beauty in the second quarter worth about $2,599,000. Stock Yards Bank & Trust Co. increased its stake in shares of Ulta Beauty by 3.4% in the third quarter. Stock Yards Bank & Trust Co. now owns 33,321 shares of the specialty retailer’s stock worth $9,400,000 after purchasing an additional 1,081 shares in the last quarter. Finally, Scout Investments Inc. increased its stake in shares of Ulta Beauty by 145.7% in the third quarter. Scout Investments Inc. now owns 81,854 shares of the specialty retailer’s stock worth $23,093,000 after purchasing an additional 48,533 shares in the last quarter. Institutional investors own 95.23% of the company’s stock.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research reiterated a “buy” rating and issued a $316.00 target price on shares of Ulta Beauty in a research note on Saturday, November 17th. BidaskClub upgraded shares of Ulta Beauty from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 15th. Piper Jaffray Companies lifted their target price on shares of Ulta Beauty to $325.00 and gave the stock an “overweight” rating in a research note on Monday, November 12th. Deutsche Bank set a $300.00 target price on shares of Ulta Beauty and gave the stock a “hold” rating in a research note on Friday, November 9th. Finally, Jefferies Financial Group set a $335.00 target price on shares of Ulta Beauty and gave the stock a “buy” rating in a research note on Friday, November 9th. Six investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $288.84.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, December 6th. The specialty retailer reported $2.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.02. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.56 billion. Ulta Beauty had a net margin of 9.99% and a return on equity of 33.75%. The business’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.69 EPS. On average, research analysts predict that Ulta Beauty Inc will post 10.82 earnings per share for the current year.
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Ulta Beauty Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.
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